Many recent updated have been done to this home, including new appliances, flooring and paint in the main house. A rare and versatile farm and ranch opportunity offering exceptional potential as a multi-generational family compound, income-producing ranch, or future custom estate with breathtaking mountain views. This unique property features three separate living areas, a producing hay field, and a rich blend of historic charm and modern updates. At the heart of the property is a beautiful historic barn with stalls and corral, complemented by multiple storage buildings and horse-approved acreage. With 7+ acre-feet of surface water rights, the land is well-suited for agricultural, equestrian, and lifestyle uses. Features include two separate septic systems, a recently updated exterior on the main residence including a newer roof, and tasteful updates to the cottage. A manufactured home is also located on the property and provides additional flexibility; it is not included in the reported square footage, bedroom count, or bathroom count. Whether you envision a working ranch, an income-producing investment, or the site of your future custom home, this property delivers space, water, history, and opportunity in an unmatched setting just minutes from health care, groceries, and restaurants.