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5555 Sage Flat Road Reno NV 89510 | MLS #240014982

5555 Sage Flat Road
Reno, NV, 89510
$6,200,000
3 Beds
2 Baths
1,100 SqFt
1144.58 Acres
MLS #240014982 image #0
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!

Property Details

Price:
$6,200,000
MLS #:
240014982
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Farm
Listed Date:
Dec 2, 2024
Finished Sq Ft:
1,100
Total Sq Ft:
1,100
Lot Size:
49,857,905 sqft / 1,144.58 acres (approx)
Year Built:
1976
Spanish SpringsSparksSpanish SpringsFarm

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Schools

Elementary School:
Spanish Springs
Middle School:
Sparks
High School:
Spanish Springs

Interior

Appliances
Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Carpet, Wood
Heating
Forced Air
Interior Features
Ceiling Fan(s)
Laundry Features
Laundry Room

Exterior

Attached Garage YN
1
Construction Materials
Other
Exterior Features
Dog Run
Fencing
None
Garage Spaces
2
Lot Features
Landscaped, Level, Meadow, Pasture
Other Structures
Barn(s), Shed(s), Workshop, Bunk House
Parking Features
Attached, Garage, Parking Pad
Roof
Composition
Stories
1
Window Features
Blinds

Financial

Taxes
$12,592

Map

Community

Market Summary

Current real estate data for Single Family in Reno as of Sep 24, 2026
597
Single Family Listed
75
Avg DOM
414
Avg $ / SqFt
$1,175,292
Avg List Price

Property Summary

    5555 Sage Flat Road Reno NV is a Single Family for sale in Reno, NV, 89510. It is listed for $6,200,000 and features 3 beds, 2 baths, and has approximately 1,100 square feet of living space, and was originally constructed in 1976. The current price per square foot is $5,636. The average price per square foot for Single Family listings in Reno is $414. The average listing price for Single Family in Reno is $1,175,292.

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