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0 US Highway 208 - The Sleeping Elephant Ranch

1,553 Acres of Residential Land Offered at $9,000,000 in Wellington, NV 89444

Investment Highlights

  • 5 mile east of Topaz Lake in Wellington, NV.
  • Adjacent to the picturesque Walker River and Topaz Lake.

Executive Summary

The Sleeping Elephant is being sold as a 1,553-acre property consisting of 36 forty-acre lots. The property has several hard zoning designations allowing for many uses. Currently in Agricultural status and cultivating 450 acres of crops, the property's highest use is to utilize the hard zoning of SFR 2, RA 5, MFR, GC and TC for a master planned development. Water Will Serves have been obtained from Topaz Ranch Estates General Improvement District. Total unit count determined by constraints and entitlement process through Douglas County Planning Department. There are 4 existing wells including a municipal grade well that was constructed in 2023 at the cost of $350,000. The wells are currently in use for irrigation. There are several acre feet of water to irrigate 450 acres and available to purchase at an additional price. Seller may consider carrying 1st deed of trust upon approved credit and substantial down payment. Major asset of the property is existing three phase power either on or less than 100 feet to all parcels. Electrical and access easements to all parcels have been recorded against the property. If the property's intended use is to remain agricultural, owner may sell existing irrigation equipment and other fixtures required for ranching and farming operations. Proof of funds required.

Property Facts

Price $9,000,000
Sale Type Investment
Sale Conditions Bulk/Portfolio Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1,553.00 AC

1 Lot Available

Lot

Price $9,000,000
Price Per AC $5,795
Lot Size 1,553.00 AC

20 LINE Ventures LLC is pleased to present the Sleeping Elephant Ranch, a remarkable property encompassing 1,553 acres divided into thirty-six 40-acre parcels, located just 5 mile east of Topaz Lake in Wellington, NV.

Description

The Sleeping Elephant Ranch features expansive views of the Pine Nut Mountain Range and is adjacent to the picturesque Walker River and Topaz Lake. This unique property is equipped with a functioning municipal grade well completed in 2023, existing three-phase power on or adjacent to the parcels and accompanying electrical and right of way easements ensuring easy access to all areas. The Sleeping Elephant Ranch is uniquely zoned for agricultural, single-family residential, multi-family residential, tourist commercial, and commercial uses, making it an attractive opportunity for a wide range of potential buyers. For ranchers, the property is ready with existing crops, irrigation wheels, and ample water rights (to be sold separately), alongside three-phase power servicing all parcels. For those searching for wide open space, 40-acre parcels are a perfect choice for constructing dream homes, providing ample space for horses and other amenities and outbuildings, with reliable three-phase power access enhancing the property's appeal. For serious developers, the property's hard zoning overlay allows for substantial development potential, supporting several hundred units. The combination of single-family residential, multi-family residential, tourist commercial, and commercial zoning provides a versatile foundation for various development projects. Water Will Serves have been acquired from Topaz Ranch Estates General Improvement District for development as well. Whether you're looking to create a residential community, a commercial hub, or a combination of both, the Sleeping Elephant Ranch offers the infrastructure and location to bring your vision to life. Sleeping Elephant Ranch combines natural beauty with extensive infrastructure and versatile zoning, making it an exceptional investment opportunity. Its strategic location, coupled with the panoramic views of the Pine Nut Mountains and proximity to the Walker River and Topaz Lake, makes it ideal for agricultural use, residential development, or commercial ventures. This property offers unparalleled potential and value, catering to a broad spectrum of aspirations and needs.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1022-22-000-005
  • 1022-22-000-003
  • 1022-14-002-002
  • 1022-14-001-038
  • 1022-15-002-016
  • 1022-15-002-015
  • 1022-22-000-009
  • 1022-23-000-004
  • 1022-22-000-008
  • 1022-22-000-002
  • 1022-23-000-006
  • 1022-16-002-105
  • 1022-14-002-005
  • 1022-14-001-022
  • 1022-22-000-007
  • 1022-22-000-001
  • 1022-14-001-021
  • 1022-23-000-003
  • 1022-15-002-012
  • 1022-14-002-007
  • 1022-23-000-005
  • 1022-14-002-001
  • 1022-14-002-008
  • 1022-22-000-006
  • 1022-22-000-004
  • 1022-15-002-014
  • 1022-15-002-017
  • 1022-15-002-013
  • 1022-23-000-002
  • 1022-23-000-001
  • 1022-22-000-012
  • 1022-15-002-018
  • 1022-14-002-006
  • 1022-14-002-003
  • 1022-22-000-011
  • 1022-22-000-010
Land Assessment
$179,518
Improvements Assessment
$33,779
Total Assessment
$213,297

zoning

Zoning Code SFR 2 RA 5 MFR TC GC AG (SFR 2 - Single Family Residential 2 Ac RA 5 - Rural Residential 5 Ac MFR- Multi-Family Residential TC - Tourist Commercial GC - General Commercial AG)
SFR 2 RA 5 MFR TC GC AG (SFR 2 - Single Family Residential 2 Ac RA 5 - Rural Residential 5 Ac MFR- Multi-Family Residential TC - Tourist Commercial GC - General Commercial AG)
  • Listing ID: 31866853

  • Date on Market: 5/20/2024

  • Last Updated:

  • Address: 0 US Highway 208, Wellington, NV 89444

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