Welcome to South Obenchain Ranch & Estate, a rare 120-acre offering with extreme privacy, water rights, a stunning 2,938 SF estate home, full second residence, and extensive improvements. The property features shops, horse stalls, livestock barn, pole barn, storage buildings, RV hookup, pond, seasonal creek, and miles of trails. Built in 2017 by Pagnini, the main home showcases quality craftsmanship, finishes, and a thoughtful contemporary floor plan for comfort and entertaining. Outdoor living is exceptional with a covered patio, outdoor kitchen, pool, and hot tub. The 2,286 SF second home offers 3 bedrooms and 2 bathrooms, ideal for multi-generational living, guests, or caretaker use. Water rights are supplied by a permitted ag well approved for year-round use, supporting nursery, pasture, or ag uses. Known for excellent hunting, wildlife, and recreation, this property blends luxury, privacy, production, and rural lifestyle just 8 miles from Eagle Point and 18 miles from the airport.