Amazing 81+ acre waterfront ranch in the heart of the Applegate Valley, offering exceptional versatility, income potential, and a premier location. This rare multi-family property includes 3 separate residences, each well-positioned for privacy and flexibility. With RR-5 zoning, the ranch carries significant development potential, creating incredible opportunities for expansion, family compound living, or long-term investment. The land is remarkably flat and usable, transitioning gently into beautiful sloped terrain, adjacent to BLM land. A historic barn, large shop, and extensive infrastructure improvements provide a powerful foundation for agricultural, livestock, or multi-use operations. The property boasts excellent irrigation water rights, a superb high-producing domestic well, and open pastures. Comprising four large parcels, the ranch is surrounded by gorgeous mountain views and offers unmatched tranquility while remaining close to everything—just 20 minutes to Grants Pass.