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.
Lot/land
$1,899,000
20441 Cove Rd, Montgomery Creek, CA 96065
--beds
--baths
264.2Acres
Unimproved Land
Built in ----
264.2 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Documented water rightsNatural springs
- 3 days |
- 162 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: April 03, 2026 at 02:26pm
Listed by:
Derek Saelee DRE # 02176730 310-694-1743,
The Estates Group 310-694-1743
Source: CLAW,MLS#: 26673169
Facts & features
Property
Features
- Has view: Yes
- View description: Water, Trees/Woods, Tree Top, Rocks, Mountain(s), Panoramic, Hills, Park/Greenbelt, Creek/Stream, River
- Has water view: Yes
- Water view: Water,Creek/Stream,River
Lot
- Size: 264.2 Acres
- Features: Agricultural, Farm, Horse Property, Ranch, Yard, Value In Land
Details
- Parcel number: 027060067
- Special conditions: Standard
- Horses can be raised: Yes
Utilities & green energy
- Sewer: Septic Tank
- Water: Private
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: Montgomery Creek
Financial & listing details
- Date on market: 4/3/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/3/2026 | Listed for sale | $1,899,000-2.6% |
Source: | ||
| 10/8/2025 | Listing removed | $1,950,000 |
Source: | ||
| 7/24/2025 | Price change | $1,950,000-7.1% |
Source: | ||
| 4/14/2025 | Price change | $2,100,000-4.5% |
Source: | ||
| 10/7/2024 | Listed for sale | $2,200,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 96065
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 2/10Montgomery Creek Elementary SchoolGrades: K-8Distance: 2.4 mi
- 9/10Foothill High SchoolGrades: 9-12Distance: 26.8 mi
Local experts in 96065
- California
- Shasta County
- Montgomery Creek
- 96065
- 20441 Cove Rd
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