Welcome to the quintessential ranch experience in Smith Valley, a stunning 120 acre property that truly has it all! This remarkable ranch is not just a haven for those seeking the charm of country living, but also a functional and productive agricultural gem. Spanning 120 acres, this ranch includes 121 acres of Decree 1864 water rights, ensuring ample resources for all your farming and ranching needs. Enjoy unparalleled 360-degree views of Smith Valley, enveloped by majestic mountains in all directions. , The centerpiece of this property is a fantastic 2,592 square foot, single-level, newly painted, ranch-style home, designed for both comfort and functionality. With 4 bedrooms and 3 bathrooms, this home is perfect for peaceful country living and entertaining. A spacious master suite provides a serene escape with ample privacy. Three additional guest bedrooms, each with walk-in closets, offer generous space for family and visitors. The home features a split floor plan with a large, open kitchen, nook, living room, dining area and radiant floor heating. Two additional large bathrooms, a spacious storage attic above the deep garage, and plenty of room for all of life's enjoyments. 60 acres are dedicated to alfalfa/grass production, yielding an average of 3,000 bales from three cuts annually. 55 acres of pasture provide year-round grazing for 25-30 head of cattle, eliminating the need for additional feed. Sale includes plenty of haying and farm equipment to keep your operations running smoothly. A well-constructed, 4-door, 30X60ft, shop with a concrete foundation and carport is perfect for all your storage and working needs. Four paddocks and corrals accommodate your equestrian needs and an over 100 years old charming blacksmith shop adds a touch of historical character to the property. Running water along the west side of the property attracts diverse wildlife, offering excellent opportunities for outdoor enjoyment and hunting. This centrally located Smith Valley gem is just 30 minutes from Gardnerville, Topaz Lake, and a short hour's drive from Lake Tahoe and Reno. With world-class skiing, 4wheel/4 legged trail riding, fishing and a variety of hunting opportunities nearby, outdoor enthusiasts will find endless ways to enjoy this unique location. Don't miss the chance to make this extraordinary property your own! Please read private remarks. !
RanchProperty Type
2000Year Built
119.57 acresLot Size
$559Price/Sq.Ft.
6 garage spacesParking
Listed by Chris Griffith•DRE #S.200935• Intero
Bought with Katie Brannan•DRE #S.199617• Engel & Volkers Lake Tahoe
Unfortunately, we don't have enough data to generate an accurate Estimate at this time.
Market trends in 89430, NV
Last updated August 2026
Sale-to-List Price
96.3%
1.1% MoM
Median sale price
$712K
$27K MoM
Avg. days on market
174d
10 days MoM
Recently sold homes
6
2 MoM
Provided by Redfin
Sale history for 88 Smith Gage Rd
Date
Event
Price
NNRMLS #240011524
Oct 23, 2025
Sold
$1,450,000
$559/sq ft
Sep 20, 2025
Contingent
—
Aug 22, 2025
Price Changed
$1,495,000
$577/sq ft
Apr 24, 2025
Relisted
—
Apr 22, 2025
Contingent
—
Apr 4, 2025
Relisted
—
Feb 25, 2025
Contingent
—
Feb 21, 2025
Relisted
—
Jan 14, 2025
Contingent
—
Sep 6, 2024
Listed
$1,580,000
$610/sq ft
NNRMLS #190016854
Dec 30, 2020
Sold
$1,150,000
$444/sq ft
Sep 7, 2020
Contingent
—
May 21, 2020
Relisted
—
May 21, 2020
Price Changed
$1,200,000
$463/sq ft
Mar 18, 2020
Listing Removed
—
Nov 8, 2019
Listed
$1,250,000
$482/sq ft
+15
Great ranching or farming opportunity available with a modern 2592 Sqft. , 4 bed, 3 bath, ranch home built in 2000. There is a large shop as well as a garage attached to the home. The carport attached to the shop has a slab and hitching rail that works well for horse shoeing while being protected from the elements. Half of the Meadow was farmed at one time and could be easily farmed again plus it has water for stock. Currently there is 15 acres in Alfalfa used for grazing. Lots of options to consider. , There are 121 acres of surface water included. Horse panels, tack shed, hitching rail, dog kennel, cow shoot, haystacks and horse shelters are not included in the sale. Light fixture inside entry is not included.
NNRMLS #170011646
Jan 9, 2019
Listing Removed
—
Sep 27, 2018
Price Changed
$1,600,000
$617/sq ft
Nov 22, 2017
Price Changed
$1,750,000
$675/sq ft
Aug 8, 2017
Listed
$1,250,000
$482/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,097 (+3.6%)
$31,273 + $111,719
$142,992
2024
$6,853 (+2.3%)
$31,712 + $113,311
$145,023
2023
$6,698 (+12.7%)
$28,435 + $106,360
$134,795
2022
$5,944 (+4.9%)
$17,993 + $97,743
$115,736
2021
$5,665 (+7.0%)
$17,466 + $95,340
$112,806
2020
$5,294 (+4.1%)
$17,466 + $89,297
$106,763
2019
$5,087 (+3.0%)
$17,440 + $86,458
$103,898
2018
$4,937 (+2.7%)
$17,970 + $84,205
$102,175
2017
$4,805
$18,201 + $84,433
$102,634
Tax history for 88 Smith Gage Rd
Year
Property tax
Land + Additions
Assessment*
2025
$7,097 (+3.6%)
$31,273 + $111,719
$142,992
2024
$6,853 (+2.3%)
$31,712 + $113,311
$145,023
2023
$6,698 (+12.7%)
$28,435 + $106,360
$134,795
2022
$5,944 (+4.9%)
$17,993 + $97,743
$115,736
2021
$5,665 (+7.0%)
$17,466 + $95,340
$112,806
2020
$5,294 (+4.1%)
$17,466 + $89,297
$106,763
2019
$5,087 (+3.0%)
$17,440 + $86,458
$103,898
2018
$4,937 (+2.7%)
$17,970 + $84,205
$102,175
2017
$4,805
$18,201 + $84,433
$102,634
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
3
Stories
—
Lot width
—
Lot depth
—
Lot size
119.57 Acres
Year renovated
—
Sq. Ft.
2,592
Year built
2000
Style
Other
County
Lyon County
APN
010-421-09
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 24, 2026.
RR-20
Rural Residential District
This zone is intended to promote the development of single-family detached units at a density and character compatible with agricultural and other rural and suburban fringe uses with a minimum lot size of 20 acres. Unless otherwise specified in this code, no more than one primary residence per parcel is permitted in this zoning district. The RR-20 zone implements the Rural Residential land use designation of the Master Plan in Rural Character districts.