Intelligence Summary

Opportunities to acquire large, water-backed land holdings with existing income, historic water rights, and long-term development flexibility have become increasingly rare throughout California. Situated on approximately 265 acres in Northern California, 20441 Cove Road represents a unique combination of natural resources, existing infrastructure, and future optionality. The property benefits from documented pre-1914 water rights, multiple artesian springs, gravity-fed water systems, and riparian access along Hatchet Creek—assets that are becoming increasingly scarce and valuable. Beyond its exceptional water resources, the property generates existing income through residential rental, hydroelectric royalties, and utility-related revenue while offering significant upside through stabilization of the second residence and a variety of future land uses. Existing improvements include two residences, a historic barn dating to approximately 1895, hydroelectric infrastructure, internal road systems, and extensive usable acreage suitable for agricultural, recreational, hospitality, or retreat-oriented development. Zoned U (Unclassified), the property offers flexibility for a wide range of potential future uses, subject to buyer verification and governmental approvals. Whether maintained as a private legacy estate, expanded into a hospitality or wellness destination, utilized for agricultural production, or repositioned into a recreational land investment, the property’s greatest value lies in the combination of abundant water, existing infrastructure, diversified income, and long-term optionality. Seller owns the property free and clear and is willing to consider flexible seller financing for qualified purchasers.