The 1,493.2 +- acre Wallace Ranch located in the beautiful Sierra Valley at 5,000 ft. elevation is a short 45-minute drive west of Reno, NV, and a one-hour drive north of Lake Tahoe. An income-generating livestock and productive hay ranch with some of Sierra Valley's most coveted water rights that irrigate the grazing pastures and high-capacity ag wells that provide irrigation to harvest up to 1,200 to 1,500 tons of hay a year. Approximately 293 acres of the hay crop are pivot irrigated and 47 acres are wheel-line irrigated. The ranch currently supports 300 cows year-round with 653.2 acres of irrigated pasture, 500 acres of dry pasture, 51,931 permitted acres of US Forest Service allotments, and an additional 597.73 permitted acres of BLM allotment. During the winter months, the cattle are fed supplemental hay. Necessary ranching infrastructure includes fencing and cross-fencing, corrals, chutes, barns, shop, & outbuildings. Two pole barns provide ample hay storage. Four well-equipped homes in the southern portion of the ranch, along with two homes in the northern portion, all boast 360-degree views of Sierra Valley and the mighty Sierra Nevada mountains. The homes provide abundant accommodations for family, friends, ranch manager/labor housing, or income-generating opportunities for leasing. Opportunities to purchase ranches do not come along often in Sierra Valley. Seize the rare opportunity to acquire Wallace Ranch today.