Take a look: Top-notch, 200-acre Lincoln horse property hits market for $3 million
A 204-acre, premier equestrian property in Lincoln, between Roseville and Auburn, has hit the market for $3 million.
The historic Hanley Ranch offers three residences: a 3,300-square-foot, five bedroom, four-bathroom main house, as well as a caretaker’s dwelling and a 2,000-square-foot trainer’s home.
Built in 1990 and recently remodeled, the main home has views of the lush pastures and valley.
The property, about 25 miles from Sacramento, was listed just last week by Bruce Renfrew of California Outdoor Properties.
Renfrew said the ranch is unique for several reasons, including the property’s size, its ample irrigation rights, a cattle grazing lease and all of the other potential revenue streams.
There are three barns totaling over 40 stalls, including a gorgeous 15-stall show barn.
Renfrew said the property affords several possible revenue streams: boarding and training horses, cattle leasing, equine events and possibly a wedding venue.
Renfrew said the seller, whose core business is construction, made massive improvements to the homes and barn in 2019 “with the idea of putting it back on the market.”
The fenced and cross-fenced land comes with a 200-cattle summer grazing lease. Cattle can graze from pastures irrigated from a river with water rights of up to 85 miner inches, or the equivalent of 11 gallons per minute.
“(The cows) come out here around May and graze on this rich summer pasture grass all summer long,” Renfrew said.
The property has six cattle pens, with scales and a loading chute.
Renfrew sees a potential buyer as a high-net-worth individual who wants the property for a private estate, an equestrian enthusiast or someone who is interested in the revenue stream. A “ big-time CEO,” whose wife is a competitive rider, has shown interest, he said.
The property sold for $2.3 million in July 2018, according to realtor.com.
Lincoln is a historic town in Placer County that was laid out in 1859 along the proposed line of the California Central Railroad. It was named after the railroad’s director Charles Lincoln Wilson.
This story was originally published March 30, 2020 at 10:01 AM.
