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About This Property
Forty-five minutes north of Reno, in a quiet valley in southern Lassen County, lies 1,280 deeded acres of irrigated cropland, native meadow, open rangeland and incredible improvements — with abundant water, infrastructure, and history. Diamond F Ranch is the kind of property that gets talked about but rarely comes available. It has been a working cattle and hay operation for generations, and it shows in the bones: the improvements are solid, the water is abundant, and the land produces. Whether you're looking to run it yourself, hire a ranch manager, or simply own a piece of California's Great Basin ranching heritage, this is your opportunity. Diamond F Ranch checks the boxes that are hardest to find together: productive land, abundant water with adjudicated rights, quality improvements, operational flexibility, and close proximity to a major western city. It can be a working ranch, a gentleman's operation, a horse property, an income-producing farm, a special event space & retreat, or some combination of them all. This is one you have to see in person to really understand and appreciate.
Listing Details
Property History
STR Investment Analysis
STR analysisHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.
See it in the monthly payment Tahoe wildfire insurance costsCost Segregation Tax Savings
Estimated first-year bonus depreciation savings