For generations, Calpine Ranch has been part of the fabric of Sierra Valley. Set against the backdrop of the Sierra Nevada, this extraordinary property encompasses approximately 532+ acres across three contiguous parcels, where productive irrigated pasture, water resources, and well-established ranch infrastructure come together in one of Northern California's most significant private landholdings. Fletcher Creek and Spring Creek flow through the ranch, complemented by adjudicated water rights and an artesian well that have sustained productive pasture and ranch operations for generations. Improvements include two residences, including the original ranch home with an attached former bunkhouse, an approximately 6,000-square-foot shop, barn with tack room, feed room, runouts, multiple corrals, and the well-developed infrastructure suited for cattle and equestrian operations. Whether continuing its agricultural heritage, creating an exceptional equestrian property, or preserving it as a private family holding, Calpine Ranch offers a rare opportunity to become the next steward of one of Sierra Valley's landmark properties. Conveniently located approximately 35 minutes from Truckee and about one hour from Reno-Tahoe International Airport, it offers remarkable privacy with convenient year-round access. Offering includes three contiguous parcels totaling approximately 532+ acres (per seller) with addresses at 22440 State Highway 89, 22240 State Highway 89, and 175 Calpine Road. Property includes adjudicated water rights and an artesian well, is not subject to the Williamson Act, and is not encumbered by a conservation easement. Buyer is advised to independently verify all information, including acreage, water rights, improvements, zoning, and permitted uses.