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Active
  • $6,200,000

    5555 Sage Flat Rd, Reno, NV 89510

    3beds
    1,100sqft
    : 
    $43,790/mo
    Get pre-qualified
    Farm
    Built in 1976
    1,144.58 Acres Lot
    $-- Zestimate®
    $5,636/sqft
    $-- HOA

    What's special

    Pole hay barnEquipment shed
    The 1,144.58 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 mixed hay production at its heart with 330 ± irrigated acres under one Zimmatic and one Valley pivot, coupled with 46.25 acres under wheel line irrigation. With repair of one of the ag wells, there is future capability for one Zimmatic pivot to provide an additional 135 ± acres of pivot irrigation. The hay crop is bolstered by 2,039.55 acre feet of underground water rights, three 600+ ft. ag wells, and three 150 HP pumps for each. Additionally, there are approximately 633.33 ± acres of rangeland to boot. Adding another potential income-producing facet to Palomino Farms are the 18.77 ± acres of General Commercial (GC) zoning with direct exposure on Pyramid Highway (Hwy 445). With its excellent highway location, this acreage opens the door to the development of a variety of business possibilities including: retail and shopping, automotive services, food and hospitality, or professional and personal service related businesses all with limited gaming allowed. This commercial acreage offers an opportunity to diversify the property and potentially create an additional source of income, complementing the farm operations. Together, the productive agricultural land, substantial water resources, rangeland, and strategically located commercial acreage make Palomino Farms a truly versatile property with multiple avenues for continued operation and future potential. The home is a comfortable 1,100 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!
    511 days
    265
    25

    Zillow last checked:

    Listing updated:

    Listed by:

    Todd Renfrew B.1001686 707-455-4444,

    Outdoor Properties of Nevada

    Source: NNRMLS,MLS#: 240014982MLS Logo

      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 fireplace: No
      Interior area
      • Total structure area: 1,100
      • Total interior livable area: 1,100 sqft

      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: 1,144.58 Acres
      • Features: Landscaped, Level, Meadow, Pasture
      • Residential vegetation: See Remarks, 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: $5,636/sqft
      • Tax assessed value: $313,196
      • Annual tax amount: $12,592
      • Date on market: 12/2/2024
      • Listing terms: Cash,Conventional
      • Road surface type: Gravel

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/18/2026Price change$6,200,000+108.1%$5,636/sqft
        Source: NNRMLS #240014982 Report a problem
        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
        3/18/2020Listing removed$5,500,000$5,000/sqft
        Source: Ferrari-Lund Real Estate Reno #190006989 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

        YearProperty taxesTax assessment
        2026$3,694 +8%$109,619 +1.2%
        2025$3,420 +8%$108,294 +0.7%
        2024$3,167 +3%$107,540 +9%
        2023$3,075 +8%$98,629 +14.7%
        2022$2,847 +3%$86,001 +2.9%
        2021$2,764 +5%$83,574 +1.8%
        2020$2,632 -4.8%$82,073
        2019$2,764 +5%$82,073 +1.2%
        2018$2,632 +10.1%$81,138 +3.6%
        2017$2,391 $78,282 +1.3%
        2016$2,391 $77,250 +14.1%
        2015$2,391 +100.4%$67,711 +1%
        2014$1,193 -48.4%$67,021 -0.2%
        2013$2,312 $67,162
        2012-- $67,162 +0.7%
        2011-- $66,670 +20.5%
        2010-- $55,313 -19.1%
        2009-- $68,356 +35.6%
        2008-- $50,422 -28.8%
        2007-- $70,835 +34.5%
        2006-- $52,671 +2.6%
        2005-- $51,319 -1.2%
        2004-- $51,942 -1%
        2003-- $52,480
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 89510

        Getting around

        0 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        29 / 100
        Somewhat Bikeable

        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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