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  • $2,980,000

    5555 Sage Flat Rd, Reno, NV 89510

    3beds
    1,100sqft
    : 
    Farm
    Built in 1976
    710.97 Acres Lot
    $-- Zestimate®
    $2,709/sqft
    $-- HOA

    What's special

    Pole hay barn
    The *710.97* acre Palomino Farms stands as a cherished agricultural hallmark of the Palomino Valley, located just a 8-minute drive north of Sparks, NV and 30-minute drive to Reno, NV, one of the fastest-growing metropolitan regions in the United States. Palomino Farms is a multifaceted and innovative farm with high-quality alfalfa and alfalfa orchard grass mix production at its heart. 220.60 ± irrigated acres under one Zimmatic and one Valley pivot, coupled with 46.25 acres under wheel line irrigation, produces approximately 4.2 to 5.35 tons per acre of alfalfa orchard grass mix and 3.55 to 4.3 tons per acre of high-quality alfalfa. There is future capability for the one Zimmatic pivot to provide an additional 49.4 acres of pivot irrigation. The crop is bolstered by 1,268.15 acre feet of underground water rights, two 600+ ft. ag wells, and two 150 HP pumps for each. Additionally, there are approximately 394.72 ± acres of rangeland to boot. Home sweet home is a comfortable 2,200 sq. ft. updated three bedroom, two bath home with lawn, including a large kitchen with stainless steel appliances, and a cozy living room. Ranch infrastructure includes a pole hay barn, equipment shed, shop, and outbuildings. It's extremely rare to find such a productive alfalfa farm with enviable water rights and buildable lots in Washoe County. Come discover the endless opportunities with Palomino Farms! ** Seller to perform lot line adjustment that will change the acreage of APN #077-090-14 and APN #077-090-13. **
    221 days
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    288
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    8
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    Zillow last checked: 8 hours ago

    Listing updated: October 16, 2025 at 09:48am

    Listed by:

    Todd Renfrew B.1001686 707-365-5064,

    Outdoor Properties of Nevada

    Source: NNRMLS,MLS#: 240014982MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
    • Laundry: Laundry Room
    Features
    • Ceiling Fan(s)
    • Flooring: Carpet, Wood
    • Windows: Blinds
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 1,100
    • Total interior livable area: 1,100 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Garage, Parking Pad
    • Attached garage spaces: 2
    Features
    • Stories: 1
    • Exterior features: Dog Run
    • Fencing: None
    Lot
    • Size: 710.97 Acres
    • Features: Landscaped, Level, Meadow
    • Residential vegetation: Alfalfa/Hay
    Details
    • Additional structures: Barn(s), Shed(s), Workshop, Bunk House
    • Parcel number: 07709003
    • Zoning: Pr 18/Lds 82
    • Horse amenities: Hay Storage

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Farm
    Materials
    • Other
    • Foundation: Other
    • Roof: Composition
    Condition
    • Year built: 1976

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Pump, Underground
    • Utilities for property: Electricity Available

    Community & HOA

    Location
    • Region: Reno

    Financial & listing details

    • Price per square foot: $2,709/sqft
    • Tax assessed value: $309,410
    • Annual tax amount: $11,099
    • Date on market: 12/2/2024
    • Cumulative days on market: 388 days
    • Listing terms: Cash,Conventional
    • Road surface type: Gravel

    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    9/19/2025Price change$2,980,000-43.8%$2,709/sqft
    Source: NNRMLS #240014982 Report a problem
    2/14/2025Price change$5,300,000-17.2%$4,818/sqft
    Source: NNRMLS #240014982 Report a problem
    12/3/2024Listed for sale$6,399,000+16.3%$5,817/sqft
    Source: NNRMLS #240014982 Report a problem
    3/17/2020Sold--0
    Source: NNRMLS #190006989 Report a problem
    5/15/2019Listed for sale$5,500,000$5,000/sqft
    Source: Ferrari-Lund Real Estate Reno #190006989 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$3,420 +8%$108,294 +0.7%
    2024$3,167 +3%$107,540 +9%
    2023$3,075 +8%$98,629 +14.7%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $13,691/mo
    Principal & interest
    $11555
    Property taxes
    $1093
    Home insurance
    $1043

      Climate risks

      Neighborhood: 89510

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Spanish Springs
      • Middle: Sparks
      • High: Spanish Springs

      Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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