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705 200 Highway 395, 
Termo, CA 96132

$2,500,000


Bed


Bath


-

Sq Ft


2170.00

Acres (Lot)


Land

Active

Listed by

Morgan Nevin

Far West Real Estate

Last updated:

July 24, 2026, 06:01 PM

MLS#

20250621

Source:

CA TSBOR

About This Land

705 200 Highway 395

Wood-N-Peg Ranch - 2,170 Deeded Acres + Grazing Allotment Permits - Termo, Lassen County, CA. For the first time in several decades, the Wood-N-Peg Ranch is available for purchase. This historic property presents an unparalleled opportunity for ranchers, investors, and outdoor enthusiasts alike. With a strong foundation for a cow/calf operation and recreational use, this expansive ranch is ready for revitalization and growth. Exceptional Features: Expansive Acreage – 2,170 deeded acres of prime ranch land. Grazing Rights – Includes a BLM Grazing Allotment (Williams Individual Allotment #00406) covering approximately 5,328 acres. Water Resources – 6 wells on the property and a year-round creek. Irrigation Potential – Approximately 1,140 acres suitable for flood irrigation with room for pivots, wheel lines, or ditch irrigation. Rich Agricultural Land – Fertile soil offering strong productivity potential. Structures & Infrastructure – Hay barn, historic wooden barn, brick shop building, and various additional outbuildings requiring renovation. Hunting Paradise – Located in the X5a hunting zone, with potential for landowner tags?. A Value-Add Opportunity. The Wood-N-Peg Ranch presents a true sweat-equity investment. While the improvements require attention, the bones of this ranch offer a solid base for restoration and modernization. With ample water, fertile land, and vast grazing capabilities, the potential for transformation into a high-functioning cattle or hay operation is immense. Whether you're an experienced rancher looking to expand your operation, an investor seeking a prime land opportunity, or an outdoor enthusiast drawn to the rugged beauty and abundant wildlife, this ranch delivers unmatched potential. Don’t miss your chance to own a slice of Northern California’s ranching heritage. Contact us today to schedule a tour and experience the possibilities of the Wood-N-Peg Ranch firsthand!

Land Facts

Description/Design:

Land

Lot Size (Acres)

2170.00

MLS #:

20250621

Last Updated:

July 24, 2026, 06:01 PM

Added:

a year ago


Finances & Disclosures

Finances

Price:

$2,500,000

Source:CA TSBOR
The information being provided by Tahoe Sierra Multiple Listing Service, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Tahoe Sierra Multiple Listing Service, Inc.. Far West Real Estate is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Far West Real Estate, a broker participant of Tahoe Sierra Multiple Listing Service, Inc.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Tahoe Sierra Multiple Listing Service, Inc. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Tahoe Sierra Multiple Listing Service, Inc.. All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.