Properties of this scale, with existing infrastructure and a strategic location within the Salinas Valley, rarely come to market.
Situated on approximately 17.1 usable acres in the Salinas Valley, this property offers a rare combination of functional improvements and long-term upside, suited to a range of investment strategies. Currently improved with an established equestrian facility, including 45 stalls, multiple arenas, barns, and grazing areas. The property will be delivered vacant, allowing a new owner to implement their own business plan or end use from day one. The existing infrastructure provides a strong foundation for revenue generation while preserving flexibility for repositioning. Residential components include a 3-bedroom main home, an attached studio, and additional on-site living options, supporting multiple income streams or on-site management. Zoned F40 with LDR/3-5 overlay, it supports various uses. Buyers should verify zoning and development possibilities with the county. Whether establishing immediate income, securing a long-term hold, or creating flexibility for future use, this property offers compelling usability. This rare offering combines productivity with versatility for investors seeking substantial agricultural or mixed-use opportunities.
For sale
Price cut: $432.5K (5/6)
$2,995,000
844 River Rd, Salinas, CA 93908
3beds
2,075sqft
Est.: Get pre-qualified
Farm, Residential
Built in 1965
17.1 Acres Lot
$2,796,900 Zestimate®
$1,443/sqft
$-- HOA
What's special
Dedicated practice arenaRegulation-size arenaSeparate studio
- 154 days |
- 551 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
The Russell Group 70010200 831-320-0201,
eXp Realty of California Inc 888-584-9427
Source: MLSListings Inc,MLS#: ML82029948
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Laundry
Bathroom
- Features: DoubleSinks, SolidSurface, StallShower, Tub, TubinPrimaryBedroom
Dining room
- Features: EatinKitchen, FormalDiningRoom
Family room
- Features: NoFamilyRoom
Kitchen
- Features: _220VoltOutlet, Countertop_Granite
Heating
- Central Forced Air
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Microwave, Electric Oven/Range
- Laundry: In Utility Room
Features
- Flooring: Carpet, Tile
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,075
- Total interior livable area: 2,075 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Stories: 1
- Fencing: Partial,Wood
Lot
- Size: 17.1 Acres
Details
- Additional structures: Barn, MobileHome, Stable
- Parcel number: 167061025000
- Zoning: LDR/5-VS | F/40-D
- Special conditions: Standard
- Horses can be raised: Yes
- Horse amenities: Arena, BarnAmenities, BoardingStable, Fenced, HayStorage, Paddocks, Pasture, RoundPen, Stalls, TrailerStorage, WashRack
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Farm, Residential
Materials
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Gas: PropaneOnSite, PublicUtilities
- Sewer: Septic Tank
- Water: Shared Well
- Utilities for property: Propane, Public Utilities
Community & HOA
Location
- Region: Salinas
Financial & listing details
- Price per square foot: $1,443/sqft
- Tax assessed value: $1,569,525
- Annual tax amount: $19,551
- Date on market: 12/27/2025
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Estimated market value
$2,796,900
$2.66M - $2.94M
$3,409/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Price change | $2,995,000-12.6%$1,443/sqft |
Source:  MLSListings Inc #ML82029948 Report a problem | ||
| 4/10/2026 | Price change | $3,427,500-7.2%$1,652/sqft |
Source: MLSListings Inc #ML82035507 Report a problem | ||
| 2/6/2026 | Price change | $3,695,000-19.7%$1,781/sqft |
Source: eXp Realty #ML82029948 Report a problem | ||
| 1/13/2026 | Price change | $4,600,000-6.6%$2,217/sqft |
Source: eXp Realty #ML82029948 Report a problem | ||
| 12/28/2025 | Listed for sale | $4,925,000+239.7%$2,373/sqft |
Source: MLSListings Inc #ML82029948 Report a problem | ||
| 5/28/2021 | Sold | $1,450,000+45.1%$699/sqft |
Source: Public Record Report a problem | ||
| 7/7/2017 | Sold | $999,000$481/sqft |
Source: Public Record Report a problem | ||
| 11/5/2016 | Listing removed | $999,000$481/sqft |
Source: Town'N Country Realty #ML81518434 Report a problem | ||
| 10/26/2016 | Price change | $999,000-33%$481/sqft |
Source: Town'N Country Realty #ML81518434 Report a problem | ||
| 6/9/2016 | Price change | $1,490,000-6.9%$718/sqft |
Source: Town'N Country Realty #ML81518434 Report a problem | ||
| 12/8/2015 | Price change | $1,599,900-2.4%$771/sqft |
Source: Town'N Country Realty #ML81518434 Report a problem | ||
| 10/10/2015 | Listed for sale | $1,639,000+455.6%$790/sqft |
Source: Town'N Country Realty #ML81518434 Report a problem | ||
| 3/24/2008 | Sold | $295,000-56.3%$142/sqft |
Source: Public Record Report a problem | ||
| 4/30/2002 | Sold | $675,000+2.3%$325/sqft |
Source: Public Record Report a problem | ||
| 4/8/1994 | Sold | $660,000$318/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,551 +6.1% | $1,569,525 +2% |
| 2024 | $18,430 +3.6% | $1,538,751 +2% |
| 2023 | $17,788 -0.3% | $1,508,580 +2% |
| 2022 | $17,841 +122.5% | $1,479,000 +134.5% |
| 2021 | $8,018 -35.1% | $630,707 -39.3% |
| 2020 | $12,363 +0.7% | $1,039,359 +2% |
| 2019 | $12,277 +1.6% | $1,018,980 +2% |
| 2018 | $12,082 -41.2% | $999,000 -41% |
| 2017 | $20,538 +3.7% | $1,693,866 +2% |
| 2016 | $19,804 +4.8% | $1,660,654 +1.5% |
| 2015 | $18,900 | $1,635,710 +2% |
| 2014 | $18,900 | $1,603,670 +33.6% |
| 2012 | -- | $1,200,000 -5.5% |
| 2010 | -- | $1,270,000 -16.8% |
| 2009 | -- | $1,526,585 +28.7% |
| 2008 | -- | $1,186,139 +2% |
| 2007 | -- | $1,162,883 +4% |
| 2005 | -- | $1,117,728 +2% |
| 2004 | -- | $1,095,813 +1.9% |
| 2003 | -- | $1,075,730 +41.7% |
| 2002 | -- | $759,273 +2% |
| 2001 | $7,993 | $744,386 +2% |
| 2000 | -- | $729,790 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 93908
Nearby schools
GreatSchools rating
- 5/10Spreckels Elementary SchoolGrades: K-5Distance: 6.5 mi
- 8/10Buena Vista Middle SchoolGrades: 6-8Distance: 5.8 mi
- 7/10Salinas High SchoolGrades: 9-12Distance: 9.3 mi
Schools provided by the listing agent
- District: SpreckelsUnionElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
Local buyer's agents are ready to help
- California
- Monterey County
- Salinas
- 93908
- 844 River Rd
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Salinas Topics
