000 Pinenut Rd Gardnerville, NV 89410
This exceptional 130.55-acre property in Gardnerville, Nevada, presents a unique investment opportunity. Located in Douglas County at approximately 4,600 feet elevation, the land boasts breathtaking views of the Carson Range in the Sierra Nevada. Currently zoned AG-19/Farmstead Specific Plan, this prime location offers versatile potential. The approved Specific Plan includes entitlements for up to 250 residential units and 8 acres of commercial space, conceptualized as an active adult community with farm-to-table dining and community amenities. This plan envisions eco-friendly construction methods, utilizing passive solar and efficient systems. The property's existing infrastructure includes access to domestic water, sewer, and electricity, along with surface water rights. Its idyllic setting is surrounded by working ranch land and numerous trails, offering a tranquil yet convenient lifestyle. Situated just 15 minutes from Minden-Tahoe Airport and approximately 25 minutes from Lake Tahoe, this location combines rural charm with easy access to urban amenities. The property is offered at $8,500,000, with a price per acre of $65,109. The APN is 1220-14-000-010, and the ownership is held by Corley Ranches LLC. The property is ideal for a legacy estate ranch, equine facility, or a mixed-use development, leveraging the approved Specific Plan's potential for a thriving community. Enjoy the benefits of Nevada's tax advantages and the stunning sunsets and starry nights of the Carson Valley. Details regarding the "Farmstead" Specific Plan are available upon request.
Cap rate
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