MLS #2120933
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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Start your searchProperty 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
- Porch: Open
- Fireplace Equipment
- Mountain(s)
- Valley
- View: Red Rock
- Blinds
- Electric Dryer Hookup
- Sewer: Private
- Septic Tank
- Culinary
- Workshop
- Fireplace Equipment
- Storage Shed(s)
- Swing Set
- Window Coverings
- Wood Stove
- Workbench
- Single Family
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Neighborhood
Walk · Transit · Bike
Most errands require a car. Minimal public transit available. It's convenient to use a bike for a few trips.
Price History
Mortgage calculator
- Principal & interest
- Property tax
- Home insurance
- HOA fees
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Location
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.
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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.
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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