Estimate anchored to the MLS list price of **$12,950,000** and the AVM. Adjusted for acreage (3,135± acres), water rights (6.75 CFS), conservation easement constraints, and on-site operational improvements. No live comp search performed; values are directional.
Fall Run Ranch — 3,135± Acre Legacy Ranch with Water Rights
Fall Run Ranch is a rare, operable legacy property offered in its entirety — approximately 3,135 acres of productive land located north of Lincoln, California, with a substantial water package and operational infrastructure. Listed at $12,950,000, the ranch features 6.75 CFS of Nevada Irrigation District irrigation rights, nearly 2.5 miles of year‑round Raccoon Creek frontage, and three year‑round storage ponds that support waterfowl habitat and stockwater needs. The foothill topography, restored pastures, and vernal-pool habitats form a landscape that has been actively managed and improved for long‑term ranching.
The improvements are significant for a property of this scale: multiple barns and feeding barns, corrals and loading chutes, an equipment barn with dual roll-up doors, and an electrified shop with concrete floors for maintenance and storage. The listing references four homes on the property; the MLS main residence is recorded as a comfortable 3 bedroom / 2 bath house (≈2,750 sf, originally built 1920) and is supported by outbuildings and fenced pastures designed for livestock operations.
A recorded conservation easement secures the ranch as an open, working agricultural property while allowing 57.14 acres of designated building envelopes, including 20 acres planned for a potential boutique livestock processing facility. Recent stewardship work includes extensive riparian fencing, removal of diversions from Raccoon Creek, development of off‑creek stockwater facilities, and conversion of a defunct orchard back to natural pasture — actions that improve water quality and grazing management while enhancing long-term ecological value.
Location-wise, Fall Run Ranch balances remoteness and accessibility: it sits roughly 1.65 miles north of Lincoln Regional Airport and is about a 45‑minute drive to central Sacramento. For buyers seeking a long-term agricultural investment, an operational ranch with immediate production potential, or a conservation-forward legacy property, Fall Run Ranch stands out as a singular offering in Placer County.
A 1920 ranch on 3,135 acres.
Building
Site & utilities
Fall Run / rural Lincoln
Researched nearby locations
Location
4873 Gladding Rd, Lincoln, CA 95648
This parcel sits in a rural, agricultural section north of Lincoln characterized by large ranches, seasonal wetlands and riparian corridors. The nearby Lincoln Regional Airport and the downtown Lincoln services are within easy driving distance, while the surrounding area remains predominantly open space and working agricultural parcels.
Exceptional access to on-site creek corridors, ponds and open pasture for hunting, birding, equestrian and fishing activities; regional outdoor recreation within short drive.
A factual market snapshot around 4873 Gladding Rd.
Large ranch and agricultural land in Placer County trade on water rights, infrastructure, and easement status rather than strictly per-acre comparables. The Lincoln area continues to see population growth as exurban demand increases; however, a recorded conservation easement constrains subdivision upside and narrows the buyer pool to operators, conservation buyers, and specialty investors. Median single-family prices in Lincoln have been modestly appreciating (low-single digits annually) but ranch values are driven by scarcity of water-secured parcels. Expect a specialized marketing process to reach qualified ranch operators and institutional buyers. Price reflects the premium for an established water package, substantial improvements, and protected land status.
Agricultural/open-space classification typical for large ranch parcels in unincorporated Placer County. Conservation easement restricts subdivision and preserves agricultural use.
Zoning
Research-indicated uses
- Agriculture
- Ranching/Livestock
- Limited Residential Within Designated Building Envelopes
- Supporting Agricultural Structures And Processing (Subject To Local Approvals)
What the research supports — and what is still worth verifying.
Key findings
- Property size: approximately **3,135 acres** (136,560,600 sq ft).
- List price: **$12,950,000**; MLS AVM ~**$12.56M**.
- Main residence on file: **3 bed / 2 bath / 2,750 sf** (built 1920).
- Multiple agricultural improvements and four homes reported; full inventory should be verified during inspection.
- Conservation easement restricts subdivision but allows defined building envelopes including a 20‑acre parcel for a processing facility.
What stands out about this property.
Interior Features
- Primary residence: 3 beds, 2 baths, ~2,750 SF (per MLS)
- Historic farmhouse character with practical living spaces (updates unknown — verify)
- Multiple additional residences on the property (four homes referenced in listing)
Exterior & Lot
- Approximately 3,135 acres (136,560,600 sq ft)
- 6.75 CFS Nevada Irrigation District water rights
- ~2.5 miles of year-round Raccoon Creek frontage
- Three year-round storage ponds; vernal pool habitats
- Multiple barns, feed structures, electrified shop with concrete floor, equipment sheds, corrals and loading chutes
Location & Neighborhood
- 1.65 miles to Lincoln Regional Airport
- ~45-minute drive to Sacramento
- Surrounded by ranches, open space, and low-density residential tracts
- Placer County jurisdiction; agricultural zoning with a conservation easement
Walkability & Recreation
- Walkability Rating: 12/100
- Immediate access to private ranch trails and creek corridors
- Nearby regional recreation: hunting, fishing, birding, and equestrian activities
Sources & research confidence.
See where the property research came from and how confidence varies by field.