$2,400,000 Active Under Contract
10977 Austin Road
Austin, NV 89310
STR Status Unknown
7 Beds
·
2.5 Baths
·
2,933 Sq Ft

About This Property

Welcome to Reese River Ranch. Once a stagecoach stop, this property has both historical and agricultural significance. located in central Nevada, south of Highway 50, dubbed the Loneliest Road in America. Just 45 minutes from the historical town of Austin and about 2 hours from Fallon. Nestled at the base of the Shoshone and Toiyabe mountain ranges, in the Reese River Valley, the ranch offers breathtaking views and a night sky filled with stars., The Reese River Valley stretches 8 miles across at its widest point and sits at an elevation of 6,400 feet. A 605-acre ranch/farm with 435.79 acres of water rights, which is brought to production by both flood and ground irrigation. Additionally, the property includes supplemental water rights to add an agricultural well. The dam, on property, was designed by the Army Corps of Engineers and creates a small pond that can also be used for recreation. During the winter months of wet years, this area experiences copious snowfall and subsequently sees a number of creeks that merge together to form Reese River, running through the 24-mile-long valley from South to North. This ranch offers a few business opportunities. Currently housing Central Nevada Livestock and Reese River Cabins. The ranch can sustain a herd of up to 250 cattle. There are accommodations for more livestock, with several corrals/stalls, a loading chute and squeeze chute. The pastures are fenced and cross fenced which also includes 17,991 acres of BLM grazing rights and 19,029 acres of Forest Service grazing rights. This area of Nevada is an outdoor enthusiast’s dream. Hiking, mountain biking, hot springs, dirt biking, ATVing, fishing and hunting are just a few things people enjoy, and all these things can be done onsite. The road to the ranch is also on the way to the Berlin Ichthyosaur State Park. These attractions contribute to the thriving business of Reese River Cabins, which includes 6 cabins, 1 cabin/tack house, cook house and bath house with laundry. The cabin area features a picnic area, fire pit and a horseshoe pit. The cabins could also be a space for weddings, retreats and so much more. The main house was originally built in the 1860’s and has been beautifully renovated, featuring 1 bedroom, 1 ½ baths, a large kitchen, cellar, and a private backyard. The property also features many historic outbuildings and a large container for storage. Reese River Ranch is a property with immense potential for growth. Come explore Central Nevada and find your new home in the picturesque Reese River Valley.

Listed by Christy Kuzmik — Chase International-Damonte

Listing Details

Status Active Under Contract
MLS # 240008384
Days on Market 736
Price/Sq Ft $818

Property History

May 01, 2024
Listed for sale
$2,400,000
Current
Pending
$2,400,000
Property Overview
Beds 7
Baths 2.5
Sq. Ft. 2,933
Lot Size 605.00 acres
Stories 1
Year Built 1860
Property Type FarmAndRanch
APN 01014108
Parking
Parking Features None
Exterior & Lot
Lot Features Meadow, Mountain(s)
Construction Stucco
Roof Metal, Pitched
Foundation Slab, Stone
Utilities & Systems
Heating Coal, Electric, Fireplace(s), Propane, Wood
Cooling Electric
Financial
Annual Tax $1,662
Schools
Elementary School Austin Combined
Middle School Austin Combined
High School Austin Combined
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($480,000)
Home price
$2,400,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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