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!
Active
$6,200,000
5555 Sage Flat Rd, Reno, NV 89510
3beds
1,100sqft
Farm
Built in 1976
1,144.58 Acres Lot
$-- Zestimate®
$5,636/sqft
$-- HOA
What's special
Pole hay barnEquipment shed
- 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#: 240014982
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
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Price change | $6,200,000+108.1%$5,636/sqft |
Source: | ||
| 9/19/2025 | Price change | $2,980,000-43.8%$2,709/sqft |
Source: | ||
| 2/14/2025 | Price change | $5,300,000-17.2%$4,818/sqft |
Source: | ||
| 12/3/2024 | Listed for sale | $6,399,000+16.3%$5,817/sqft |
Source: | ||
| 3/18/2020 | Listing removed | $5,500,000$5,000/sqft |
Source: Ferrari-Lund Real Estate Reno #190006989 Report a problem | ||
| 3/17/2020 | Sold | --0 |
Source: | ||
| 5/15/2019 | Listed for sale | $5,500,000$5,000/sqft |
Source: Ferrari-Lund Real Estate Reno #190006989 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: 89510
Nearby schools
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.

