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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

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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.

Sleeping Elephant

Property Facts

Price	$9,000,000	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Commercial Retail Mixed Use Apartment Units Hold For Development Hold For Investment Manufactured Homes or Mobile Home Park Master Planned Community Open Space Planned Unit Development Single Family Development Agricultural Pasture Ranch
Sale Condition	Bulk/Portfolio Sale	Total Lot Size	1,553.00 AC
No. Lots	1	No. Stories	1
Property Type	Land
Zoning	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

Price	$9,000,000
Sale Type	Investment
Sale Condition	Bulk/Portfolio Sale
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Commercial Retail Mixed Use Apartment Units Hold For Development Hold For Investment Manufactured Homes or Mobile Home Park Master Planned Community Open Space Planned Unit Development Single Family Development Agricultural Pasture Ranch
Total Lot Size	1,553.00 AC
No. Stories	1
Zoning	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

1 Lot Available

Lot

Price	$9,000,000	Lot Size	1,553.00 AC
Price Per AC	$5,795.24

Price	$9,000,000
Price Per AC	$5,795.24
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 favorably zoned for single-family residential, multi-family residential, tourist commercial, and commercial uses, making it an attractive investment opportunity. The property features ample water rights (to be sold separately), reliable three-phase power servicing all parcels, and existing road and public utility easements. For those searching for wide open space, 40-acre parcels are a perfect choice for constructing dream homes, while providing ample space for other amenities and outbuildings. 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. Additionally, Water Will Serves have been acquired from Topaz Ranch Estates General Improvement District for development. 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, coupled with the panoramic views of the Pine Nut Mountains and proximity to the Walker River and Topaz Lake, making it ideal for residential development or commercial ventures. This property offers unparalleled potential and value, catering to a broad spectrum of aspirations and needs.

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Property Taxes

Parcel Numbers	Multiple 1022-23-000-004 1022-22-000-008 1022-15-002-015 1022-22-000-009 1022-14-001-038 1022-22-000-003 1022-15-002-016 1022-14-002-002 1022-22-000-005 1022-22-000-002 1022-14-002-005 1022-22-000-007 1022-14-002-007 1022-22-000-001 1022-16-002-105 1022-23-000-003 1022-23-000-006 1022-14-001-021 1022-14-001-022 1022-15-002-012 1022-23-000-005 1022-15-002-013 1022-23-000-002 1022-22-000-004 1022-15-002-014 1022-15-002-018 1022-23-000-001 1022-22-000-006 1022-22-000-012 1022-14-002-008 1022-14-002-001 1022-15-002-017 1022-22-000-010 1022-14-002-003 1022-22-000-011 1022-14-002-006	Improvements Assessment	$35,586
Land Assessment	$160,997	Total Assessment	$196,583

Property Taxes

Parcel Numbers

Multiple

1022-23-000-004
1022-22-000-008
1022-15-002-015
1022-22-000-009
1022-14-001-038
1022-22-000-003
1022-15-002-016
1022-14-002-002
1022-22-000-005
1022-22-000-002
1022-14-002-005
1022-22-000-007
1022-14-002-007
1022-22-000-001
1022-16-002-105
1022-23-000-003
1022-23-000-006
1022-14-001-021
1022-14-001-022
1022-15-002-012
1022-23-000-005
1022-15-002-013
1022-23-000-002
1022-22-000-004
1022-15-002-014
1022-15-002-018
1022-23-000-001
1022-22-000-006
1022-22-000-012
1022-14-002-008
1022-14-002-001
1022-15-002-017
1022-22-000-010
1022-14-002-003
1022-22-000-011
1022-14-002-006

Land Assessment

$160,997

Improvements Assessment

$35,586

Total Assessment

$196,583

(775) 720-5768

Contact

Michelle McGrath
20 LINE Ventures LLC

Listing ID: 31866853
Date on Market: 5/20/2024
Last Updated:
Address: 0 US Highway 208, Wellington, NV 89444

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