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20441 cove road

Montgomery Creek, CA 96065

$1,899,000

264.2 AC LOT
Land
New Listing
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Acreage 264.2
Status Active
MLS # 26673169
County Shasta
More Info
Category Land
Status Active
Acreage 264.2
MLS # 26673169
County Shasta
A truly rare Northern California offeringapproximately 265 acres of usable, private land combining documented water rights, natural springs, existing income, and expansive development potential. This is not just landit is a self-sustaining asset with vision-driven upside. The property includes two existing residences (one currently rented and one vacant) with combined rental potential of approximately $2,798/month, providing immediate usability and supplemental income. In addition, the property generates consistent hydroelectric and utility-related revenue historically averaging approximately $8,500 to $9,000 annually based on prior 1099 reporting. Total stabilized income potential is estimated at approximately $40,000+ per year (buyer to verify). What truly sets this property apart is its exceptional water profile. The land includes multiple artesian springs that have historically provided reliable, year-round water. Additionally, the property includes documented senior pre-1914 appropriative water rights originally recorded in 1899, along with riparian rights along Hatchet Creek, an increasingly rare and valuable asset in California (buyer to verify all water rights and usage). Zoned "U" (Unclassified), the property offers broad flexibility for a wide range of potential uses including agricultural operations, vineyard development, eco-lodge or glamping concepts, wellness or spiritual retreat, energy development potential, or long-term land holding with income. The setting is expansive and private, featuring a mix of open usable land, natural landscape, and historic character, including a barn dating back to approximately 1895. The property has also previously attracted interest from solar and energy developers, further highlighting its long-term potential. Whether you are seeking a large-scale land investment, a development opportunity, or a rare property with water, income, and flexibility, this offering presents a unique combination that is increasingly difficult to find. Seller owns the property free and clear and is open to negotiating flexible seller financing terms. Buyer to verify all information including zoning, income, water rights, and potential uses.
Location not available

Exterior Features

  • Construction Single Family
  • Garage No
  • Water Private
  • Sewer SepticTypeUnknown
  • Lot Description Agricultural, HorseProperty, Ranch, ValueInLand, Yard

Financial Information

  • Parcel ID 027060067000

Additional Services

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Listing Information

Listing Provided Courtesy of The Estates Group
The data for this listing came from the California Regional MLS
Listing data is current as of 04/06/2026.
California DRE #02247371

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