$575,000

NEW PRICE $575,000! Now offered at approximately $48,000 per acre, this 12-acre Penn Valley property presents a compelling opportunity with abundant water, multiple residences, and significant upside potential. Fully fenced and ideally located just minutes from Grass Valley and Penn Valley Village, the property combines usable farmland, privacy, history, and future flexibility. The land features rolling pasture, irrigated areas, scenic hilltop views, multiple fenced enclosures, and potential to split the property into two separate parcels. Water is a major highlight, with 2 miner's inches of NID irrigation water, a high-producing well, an additional capped well, and a picturesque approximately 2-acre pond. A remodeled 1-bedroom, 1-bath manufactured home is move-in ready and offers an excellent option for immediate occupancy, guests, extended family, caretaker housing, or rental income. The historic two-story cabin, dating back to the early 1900s, offers approximately 1,432 square feet with 4 bedrooms and 1 bathroom. Rich with character and history, it provides a unique renovation opportunity for someone with the imagination to transform it into a truly special home with a story to tell. With a move-in-ready second residence and a historic cabin ready for renovation, this property may also be an excellent candidate for buyers exploring rehab or renovation financing, offering the opportunity to improve the property while financing eligible renovation costs. Additional improvements include a historic barn converted to a functional chicken coop, covered equipment storage, a large fenced garden area, livestock infrastructure, two septic systems, and two propane tanks. Whether envisioned as a working farm, multi-generational property, investment, homestead, or future development opportunity, this is a rare chance to acquire 12 beautiful acres with exceptional water resources and tremendous potential at an attractive new price.