A New Lease on Life: Pahrump’s 30-Acre Horse Ranch is Set for Transformation
A sprawling 30-acre horse ranch nestled in the heart of Pahrump, Nevada, is on the verge of a new chapter as it recently went under contract, listed at an impressive $1.95 million. This significant property, complete with a racetrack, 19 horse stalls, a stable with second-floor living quarters, and 3,000 metal bench seats, is more than just a piece of real estate—it's a canvas for endless opportunities. With substantial water rights totaling 30 acre-feet and multiple outbuildings, the ranch offers tremendous potential for a variety of uses under its new owner.
Susan Hunt-Krygiell of Masterpiece Properties in Las Vegas has confirmed the property is now under contract, and the sale is expected to close in the near future. Though the final terms of the deal remain undisclosed, the buyer, a Las Vegas-based businessman, has expressed plans to rehabilitate and revitalize the ranch. Specific details about his vision are being kept under wraps, leaving many eager to see how this property will evolve.
A Versatile Canvas with Endless Potential
The sheer versatility of this property makes it one of the most exciting real estate prospects in the greater Las Vegas area. While its equestrian roots, complete with an expansive racetrack and ample stabling facilities, make it an ideal choice for horse enthusiasts, its potential stretches far beyond equine activities.
Under current zoning laws, the ranch could continue to operate as an equestrian facility or transform into something entirely different. It has the potential to be redeveloped into a hemp farm, thanks to Nevada’s growing interest in agricultural ventures. Alternatively, the property could be subdivided into residential lots, bringing much-needed housing to the Pahrump area. With one home allowed per every 4.5 acres under current zoning laws—or potentially more if rezoning permits higher-density builds—the ranch could be transformed into a residential subdivision.
Interest in the property has been significant, not just from private buyers, but also from nonprofit organizations and other stakeholders in the Las Vegas area. However, any plans for the future will require extensive rehabilitation work to bring the property to its full potential.
Exceptional Features Bolster Long-Term Value
One of the most attractive aspects of this property is the 30-acre-feet of water rights that accompany the sale. Water is a highly regulated and valuable resource in Nevada, and having these rights in good standing with the state significantly increases the ranch’s overall appeal.
Jeromee Sullivan of Berkshire Hathaway HomeServices, a co-listing agent for the property, characterized the ranch as a "unique asset," noting its dual function as both a premier horse facility and a blank slate for creative redevelopment. Sullivan explained that the ranch is being sold as a lender foreclosure, though it is not classified as a traditional bank foreclosure. Its foreclosure status has piqued significant interest but also means the property will likely require capital investment to restore and modernize its infrastructure.
Rooted in Possibility and Purpose
Beyond its practical attributes, the ranch is imbued with a strong sense of potential for community and economic growth. With its existing infrastructure—such as the racetrack seating 3,000 spectators—the property could easily serve as a venue for smaller-scale events like rodeos, equestrian competitions, or exotic exhibitions. These uses would align perfectly with the expanding equestrian event scene in the Las Vegas valley, adding vibrancy and economic vitality to the growing Pahrump locale.
Hunt-Krygiell and Sullivan both highlighted this vision of community-centered activities as one of the ranch’s most exciting possibilities. Such events could transform the property into a hub of activity, attracting locals and visitors alike and providing a substantial return on the buyer’s investment.
Anticipation Builds for the Ranch’s Future
As the deal’s closing date approaches, the community waits with great anticipation to see how this remarkable property will be utilized. Given the buyer’s stated commitment to rehabilitate the ranch, hopes are high that its future will honor its rich history while charting a bold new path. Whether it remains a cornerstone of Nevada’s equestrian culture, pivots to agricultural production, or becomes the site of a residential development, this 30-acre ranch represents endless possibilities for growth, innovation, and prosperity.
This story offers a snapshot of the dynamic landscape of real estate in Pahrump, Nevada. With its rare combination of features, prime location, and potential for visionary development, the ranch is poised to become an exceptional asset for its new owner and the community it serves. In a state like Nevada, where opportunities are as vast as its desert skies, this sprawling property stands as a beacon of promise and reinvention.