The Gates Ranch is a beautiful historic property in the Sierra Foothills. This 317 acre property nestled in Lazy Valley is an exceptional, unique, piece of Nevada County. Only 1 mile from the charming town of Penn Valley and 7 miles to Grass Valley, you will feel miles away from everything, but are minutes to any amenity. The beautiful 5000+- square foot home is ready to be personalized. It is completed through the finishing of the walls, has radiant heat, fire place, and lovely open floor plan with expansive views from every room. There is a 1400+- square foot caretaker home, barn, corrals and Nevada Irrigation District irrigation water. The property has 6 wells, a seasonal pond and a year round creek. The ranch is fenced and cross fenced, currently running cattle and producing hay. This is a rare opportunity to find a large piece of property so close to town yet completely private.PROPERTY HIGHLIGHTS:In California water is gold, and the Gates Ranch has plenty of it. The ranch has deeded access to 15 miners inches of Nevada Irrigation water and 6 productive wells throughout the property. There is a large seasonal pond and year round creek that provides water for livestock and an abundance of wild game. The property is irrigated by both sprinkler pipe and flood irrigation. With lots of open acreage there are opportunities for vineyards, orchards, row crops or any other agriculture suited for the area. The 5000+- square foot main residence has been completed through the tape, texture and finishing of the walls. It has a fabulous open floor plan that provides opportunity to design and finish your own dream home. The construction is high end with zoned radiant heat throughout, quality doors and windows, ample storage and spacious rooms. There is a master suite at one end and guest rooms at the other for ultimate privacy. The home has an oversized 3 car garage practically tied into the residence with a large breezeway. Sitting on an open knoll the views from every room look out to rolling pastures and oak studded hills in all directions. The original ranch home now serves as a caretaker’s residence. Far enough away from the main home to be completely private the caretaker’s home is by the corrals and historic ranch barn. Fenced for pets and with its own garage this home could serve as rental, guesthouse or continue to be used for the ranch caretaker. Recreation opportunities are endless on 317 private acres. The ranch obviously lends itself to horseback riding and should run about 30 pair of cows year round. Other recreation could include ATV’s, motorcycles, mountain biking, or hiking.