Wood-N-Peg Ranch - 2,170 Deeded Acres + Grazing Allotment Permits - Termo, Lassen County, CA. For the first time in several decades, the Wood-N-Peg Ranch is available for purchase. This historic property presents an unparalleled opportunity for ranchers, investors, and outdoor enthusiasts alike. With a strong foundation for a cow/calf operation and recreational use, this expansive ranch is ready for revitalization and growth. Exceptional Features: Expansive Acreage – 2,170 deeded acres of prime ranch land. Grazing Rights – Includes a BLM Grazing Allotment (Williams Individual Allotment #00406) covering approximately 5,328 acres. Water Resources – 6 wells on the property and a year-round creek. Irrigation Potential – Approximately 1,140 acres suitable for flood irrigation with room for pivots, wheel lines, or ditch irrigation. Rich Agricultural Land – Fertile soil offering strong productivity potential. Structures & Infrastructure – Hay barn, historic wooden barn, brick shop building, and various additional outbuildings requiring renovation. Hunting Paradise – Located in the X5a hunting zone, with potential for landowner tags?. A Value-Add Opportunity. The Wood-N-Peg Ranch presents a true sweat-equity investment. While the improvements require attention, the bones of this ranch offer a solid base for restoration and modernization. With ample water, fertile land, and vast grazing capabilities, the potential for transformation into a high-functioning cattle or hay operation is immense. Whether you're an experienced rancher looking to expand your operation, an investor seeking a prime land opportunity, or an outdoor enthusiast drawn to the rugged beauty and abundant wildlife, this ranch delivers unmatched potential. Don’t miss your chance to own a slice of Northern California’s ranching heritage. Contact us today to schedule a tour and experience the possibilities of the Wood-N-Peg Ranch firsthand!
Lot/land
$2,900,000
705-200 Highway 395 Hwy, Termo, CA 96132
--beds
--baths
2,170Acres
Unimproved Land
Built in ----
2,170 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Grazing rightsStructures and infrastructureRich agricultural landExpansive acreageWater resourcesYear-round creekIrrigation potential
- 111 days
- on Zillow |
- 152 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 04:37pm
Listed by:
Morgan Nevin 530-414-1796,
Far West Real Estate
Source: TSMLS,MLS#: 20250621

Travel times
Facts & features
Property
Features
- Fencing: Partial
- Has view: Yes
- View description: Meadow
- Waterfront features: RIVER CREEK
Lot
- Size: 2,170 Acres
- Dimensions: 2,170+/- Acres
- Features: Zoned For Horses
- Topography: Gently Rolling,Varies
Details
- Parcel number: 055060007000
- Zoning description: Ag
- Special conditions: Standard
- Horses can be raised: Yes
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Not Available, Electricity Available, Phone Not Available, Propane Needed
Community & HOA
Community
- Subdivision: SurroundingArea
Location
- Region: Termo
Financial & listing details
- Price range: $2.9M - $2.9M
- Date on market: 4/21/2025
- Listing agreement: EXCLUSIVE RIGHT
- Road surface type: Gravel, Dirt
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