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. **
Active
$2,980,000
5555 Sage Flat Rd, Reno, NV 89510
3beds
1,100sqft
Est.:
Farm
Built in 1976
710.97 Acres Lot
$-- Zestimate®
$2,709/sqft
$-- HOA
What's special
Pole hay barn
- 222 days |
- 290 |
- 8 |
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#: 240014982
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
| Date | Event | Price |
|---|---|---|
| 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: | ||
| 3/17/2020 | 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
Public tax history
| Year | Property taxes | Tax 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
- 8/10Alyce Savage Taylor Elementary SchoolGrades: PK-5Distance: 10.8 mi
- 6/10Yvonne Shaw Middle SchoolGrades: 6-8Distance: 11.4 mi
- 4/10Spanish Springs High SchoolGrades: 9-12Distance: 11.4 mi
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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