$6,200,000
3 Beds
2 Baths
1,100 sqft (on 1,144.58 acres)
5555 Sage Flat Rd, Reno, NV 89510
Est. Mortgage $35,647/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 1976
1,144.58 acre lot
$5,636/sqft
2 Car Garage
Local Information
- Map ViewExplore the area around 5555 Sage Flat Rd.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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!
Last check for updates: 2 minutes ago
Listing courtesy of Todd Renfrew B.1001686, (707) 455-4444
Outdoor Properties of Nevada
Source: NNRMLS, MLS#240014982
Also Listed on NNRMLS.
Home Details for 5555 Sage Flat Rd
|
|---|
MLS Status: Active |
|
|---|
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1100 Square Feet |
Appliances & Utilities Utilities: Electricity AvailableAppliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, WasherDishwasherDryerLaundry: Laundry RoomMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Window: BlindsFlooring: Carpet, Wood |
Levels, Entrance, & Accessibility Stories: 1Floors: Carpet, Wood |
|
|---|
Exterior Home Features Roof: CompositionFencing: NoneVegetation: See Remarks, Alfalfa/HayOther Structures: Barn(s), Shed(s), Workshop, Bunk HouseExterior: Dog RunFoundation: Other |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached,Garage,Parking Pad |
Frontage Road Frontage: Private RoadResponsible for Road Maintenance: Private Maintained RoadRoad Surface Type: GravelNot on Waterfront |
Water & Sewer Sewer: Septic Tank |
Farm & Range Horse Amenities: Hay Storage |
|
|---|
Days on Market: 180+ |
|
|---|
Year Built Year Built: 1976 |
Property Type / Style Property Type: FarmProperty Subtype: FarmStructure Type: HouseArchitecture: House |
Building Construction Materials: Other |
Property Information Parcel Number: 07709003 |
|
|---|
Price List Price: $6,200,000Price Per Sqft: $5,636 |
Status Change & Dates Possession Timing: Close Of Escrow |
|
|---|
|
|---|
Direction & Address City: Reno |
School Information Elementary School: Spanish SpringsJr High / Middle School: SparksHigh School: Spanish Springs |
|
|---|
Listing Agent Listing ID: 240014982 |
|
|---|
Building Area Building Area: 1100 Square Feet |
|
|---|
Lot Area: 1144.58 Acres |
|
|---|
Listing Terms: Cash, Conventional |
|
|---|
Mls Number: 240014982 |
Around this home
What Locals Say about Reno
At least 1662 Trulia users voted on each feature.
88 % Say it's dog friendly
85 % Say car is needed
83 % Say there are sidewalks
74 % Say parking is easy
72 % Say yards are well-kept
71 % Say there's holiday spirit
63 % Say people would walk alone at night
61 % Say it's quiet
61 % Say kids play outside
54 % Say streets are well-lit
50 % Say it's walkable to restaurants
50 % Say they plan to stay for at least 5 years
49 % Say neighbors are friendly
49 % Say there's wildlife
45 % Say it's walkable to grocery stores
24 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Reno
Last updated August 2026
Avg. sale price
$584K
$4KMoM
Sale-to-List Price
99.7%
Price per sq ft
$338
$3MoM
Available listings
1077
8MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.63 | Single-Family Home | $625,000 | 09/24/25 | 3 | 2 | 2,036 | |
2.22 | Single-Family Home | $975,000 | 06/30/26 | 4 | 2 | 1,925 | |
2.26 | Single-Family Home | $728,000 | 12/05/25 | 3 | 2 | 2,151 | |
2.33 | Single-Family Home | $735,000 | 07/06/26 | 3 | 2 | 2,151 | |
2.37 | Single-Family Home | $740,000 | 05/22/26 | 3 | 2 | 2,151 | |
2.71 | Single-Family Home | $957,500 | 03/17/26 | 4 | 3.5 | 2,556 | |
2.95 | Single-Family Home | $781,500 | 12/08/25 | 3 | 3 | 2,590 | |
3.68 | Single-Family Home | $730,000 | 05/22/26 | 3 | 2 | 1,604 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.40 | $550,000 | - | - | - | For Sale | |
0.70 | $350,000 | - | - | - | For Sale | |
0.85 | $722,700 | 2 | 2 | 2,664 | Off Market | |
1.09 | $574,400 | 3 | 2.5 | 1,658 | Off Market | |
1.15 | $175,000 | - | - | - | For Sale | |
1.20 | $300,000 | - | - | - | Recently Sold | |
1.20 | $350,000 | - | - | - | For Sale | |
1.23 | $959,100 | 3 | 2 | 1,757 | Off Market | |
1.44 | $1,520,000 | - | - | - | For Sale | |
1.47 | $483,100 | 2 | 2 | 1,960 | Off Market | |
1.46 | $145,000 | - | - | - | For Sale |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 18, 2026 Source: NNRMLS #240014982 | PriceChange | $6,200,000 Price increased by 108% |
Sep 19, 2025 Source: NNRMLS #240014982 | PriceChange | $2,980,000 Price decreased by 44% |
Feb 14, 2025 Source: NNRMLS #240014982 | PriceChange | $5,300,000 Price decreased by 17% |
Dec 3, 2024 Source: NNRMLS #240014982 | Listed For Sale | $6,399,000 |
Mar 18, 2020 Source: Agent Provided | ListingRemoved | $5,500,000 |
Mar 17, 2020 Source: NNRMLS #190006989 | Sold | $0 |
May 15, 2019 Source: Agent Provided | Listed For Sale | $5,500,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | $3,694 | $313,196 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Todd Renfrew, Outdoor Properties of Nevada
Agent Phone: (707) 455-4444
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The content relating to real estate for sale on this web site comes in part from the Broker Reciprocity/ IDX program of the Northern Nevada Regional Multiple Listing Service°. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Broker Reciprocity logo and detailed information about those listings includes the name of the listing brokerage. Any use of the content other than by a search performed by a consumer looking to purchase or rent real estate is prohibited. © 2026 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.
Similar Homes You May Like
- Results are loading
New Listings near 5555 Sage Flat Rd
- Results are loading
Frequently asked questions about 5555 Sage Flat Rd
- What is the estimated monthly payment for 5555 Sage Flat Rd?Based on a $6,200,000 list price with 20% down at today's rates, the estimated monthly payment for 5555 Sage Flat Rd in Reno, NV is approximately $36,144 (about $33,796 principal & interest, $2,273 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What are the closest schools to 5555 Sage Flat Rd?The closest schools to 5555 Sage Flat Rd in Reno, NV are Alyce Savage Taylor Elementary School (Pre-K, rated 7/10), Spanish Springs High School (rated 4/10), Yvonne Shaw Middle School (rated 6/10).
- Does 5555 Sage Flat Rd have air conditioning?Yes, 5555 Sage Flat Rd in Reno, NV has air conditioning.
- Does 5555 Sage Flat Rd have laundry facilities?Yes, 5555 Sage Flat Rd in Reno, NV has in-unit laundry.
- How big is the lot at 5555 Sage Flat Rd?The lot at 5555 Sage Flat Rd in Reno, NV is about 1144.6 acres.
- Does 5555 Sage Flat Rd have a garage?Yes, 5555 Sage Flat Rd in Reno, NV has an attached garage.
5555 Sage Flat Rd, Reno, NV 89510 is a 3 bedroom, 2 bathroom, 1,100 sqft single-family home built in 1976. This property is currently available for sale and was listed by NNRMLS on May 17, 2025. The MLS # for this home is MLS# 240014982.