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390 N MADSEN LN

Gunnison, UT 84634

$14,775,000

MLS #2120933

Beds
5
Baths
4
Sq Ft
4,910
Lot
926 ac
Built
1975
Garage
4 car
Has view Fireplace ADU Horse property Attached garage Central A/C

About this home

This home for sale at 390 N MADSEN LN Gunnison, UT 84634 has been listed at $14,775,000.

Full description

Exceptional 926 Acre Farm & Ranch Operation Two Premier Properties Combined! An incredible opportunity to own one of the most productive and versatile farm and ranch operations in the region! This expansive 926+/-acre offering includes approximately 640 top-producing irrigated acres and 283 dry, non-irrigated acres. All irrigated ground is serviced by pivots and wheel lines, ensuring maximum efficiency and yield. Included are 1,283 combined shares of Gunnison Irrigation Canal water, providing a strong and reliable water right portfolio. Main Residence: The showcase of the property is an impressive nearly 5,000 sq ft custom home featuring 5 bedrooms and 4 bathrooms, designed with comfort and function in mind. Beautifully landscaped grounds surround the home, complete with an expansive covered patio, outdoor cooking station, and plenty of space for entertaining. Multiple detached shops, garages, and storage sheds provide ample room for equipment, tools, and vehicles. Second Farmhouse & Working Operation: The second home is a charming and functional 5-bedroom, 2-bath farmhouse, set among mature trees and surrounded by a full complement of outbuildings, working cattle corrals, scales, and a large hay barn. This is a fully operational setup ready for livestock, hay, or mixed agricultural use. Additional Features: Turn-key operation: All working farm equipment included (detailed equipment list attached) Two separate ownerships combined to create this exceptional 923 acre package Efficient, well-managed operation with diversified income potential Rare opportunity to purchase a large, contiguous, high-producing farm and ranch property This property is truly one-of-a-kind-efficient, unique, and nearly impossible to replicate in today's market. Whether you're expanding an existing operation or seeking a top-tier agricultural investment, this offering represents the best of both production and lifestyle living.

Property highlights

  • Main Residence: The showcase of the property is an impressive nearly 5,000 sq ft custom home featuring 5 bedrooms and 4 bathrooms, designed with comfort and function in mind. .
  • Beautifully landscaped grounds surround the home, complete with an expansive covered patio, outdoor cooking station, and plenty of space for entertaining. .
  • Multiple detached shops, garages, and storage sheds provide ample room for equipment, tools, and vehicles. .
  • Second Farmhouse & Working Operation: The second home is a charming and functional 5-bedroom, 2-bath farmhouse, set among mature trees and surrounded by a full complement of outbuildings, working cattle corrals, scales, and a large hay barn. .
  • Additional Features: Turn-key operation: All working farm equipment included (detailed equipment list attached) Two separate ownerships combined to create this exceptional 923 acre package Efficient, well-managed operation with diversified income potential Rare opportunity to purchase a large, contiguous, high-producing farm and ranch property This property is truly one-of-a-kind-efficient, unique, and nearly impossible to replicate in today's market. .
  • An incredible opportunity to own one of the most productive and versatile farm and ranch operations in the region!

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Property details

Property Type
Residential
Sub-type
Single Family Residence
Status
Active
Days on Market
0
Bedrooms
5
Bathrooms
4
Year Built
1975
Stories
2
Living Area
4,910 sq ft
Lot Size
926 acres
Price/sqft
$3,009.16
Garage Spaces
4.00
Parking Total
4.00
Horse Property
Yes
Fireplaces
4
County
Sanpete
City
Gunnison
Zoning
Single-Family, Agricultural
Tax Annual
$7,503
Preferred Financing
Cash,Conventional,Exchange
Parcel #
00010133X1
MLS Area
Fayette; Gunnison; Cntrvl; Axtl
Listed By
Coldwell Banker Preferred Properties

Inclusions

  • Ceiling Fan
  • Dryer
  • Fireplace Equipment
  • Microwave
  • Range
  • Refrigerator
  • Storage Shed(s)
  • Swing Set
  • Washer
  • Water Softener: Own
  • Window Coverings
  • Wood Stove
  • Workbench

Interior features

  • Bath: Primary
  • Bath: Sep. Tub/Shower
  • Closet: Walk-In
  • Den/Office
  • Kitchen: Updated
  • Range/Oven: Free Stdng.
  • Vaulted Ceilings

Exterior features

  • Horse Property
  • Out Buildings
  • Porch: Open

Building & construction

Roof
Asphalt
Construction
Asphalt,Brick,Stucco
Flooring
Carpet,Hardwood

Garage & parking

Garage spaces
4.00
Parking total
4.00
Covered spaces
4.00
RV parking
0.00

Land description

  • Fenced: Part
  • Road: Unpaved
  • Sprinkler: Manual-Full
  • View: Mountain
  • View: Valley
  • View: Red Rock

Utilities

  • Natural Gas Connected
  • Electricity Connected
  • Sewer: Private
  • Sewer: Septic Tank
  • Water Connected

Additional features

Patio & porch
  • Porch: Open
Fireplace
  • Fireplace Equipment
View
  • Mountain(s)
  • Valley
  • View: Red Rock
Window features
  • Blinds
Laundry
  • Electric Dryer Hookup
Sewer
  • Sewer: Private
  • Septic Tank
Water source
  • Culinary
Other structures
  • Workshop
Other equipment
  • Fireplace Equipment
  • Storage Shed(s)
  • Swing Set
  • Window Coverings
  • Wood Stove
  • Workbench
Current use
  • Single Family

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Schools

Elementary
Gunnison Valley
South Sanpete
Middle/Jr
Gunnison Valley
South Sanpete
High
Gunnison Valley
South Sanpete

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Neighborhood

Walk · Transit · Bike

Walk Score

Most errands require a car. Minimal public transit available. It's convenient to use a bike for a few trips.

Price History

11/3/2025
$14,775,000 $3,009/sqft
Listed
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Sanpete County primary residence — already accounts for 55% exemption.

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Estimated monthly payment
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  • Property tax
  • Home insurance
  • HOA fees
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Location

Location of 390 N MADSEN LN

Gunnison, UT · approximate location

Listed by: Kacey Nielson · Coldwell Banker Preferred Properties. 435-896-5550.

Source: UtahRealEstate.com. Information deemed reliable but not guaranteed. All measurements and calculations of area should be independently verified.

Based on information from UtahRealEstate.com as of Jun 24, 2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Publisher's notice: All real estate advertised herein is subject to the Federal Fair Housing Act and Utah Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, family status, or national origin.

Gunnison market context

How this property sits against recent sales in the area.

This listing: $14,775,000 — 3,376.5% above the median sale price.

Gunnison market — Residential

What homes are doing.

Latest data through May 2026.

Full report

Median sale price

$425,000

-24.8% year over year

Median days on market

12

-36 days year over year

Sale-to-list ratio

96.2%

-1.4pp year over year

Homes sold last month

3

+1 year over year

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