Jacks Valley Ranch, Former Dwelling of On line casino Magnate, Hits Market
Posted on: June 20, 2024, 05:18h.
Final up to date on: June 20, 2024, 05:18h.
The historic Jacks Valley Ranch close to Nevada’s Carson Metropolis capital has hit the market with an asking value of $15 million.
Jacks Valley Ranch dates again to earlier than Nevada was even based. The greater than 160-year-old,1,230-acre working cattle ranch is being offered by the property of on line casino tycoon John Ascuaga and his spouse, Rose Ascuaga. Mrs. Ascuaga died in 2020 simply shy of her 87th birthday. Mr. Ascuaga died the next yr on the age of 96.
Quickly after graduating school the place he labored as a bellhop at a lodge in Idaho, which he stated offered him along with his first style of the hospitality business, Ascuaga moved to Sparks the place he labored on the Nugget Café. He would later purchase the small espresso store and would go on to develop the model into one in every of Northern Nevada’s largest on line casino resorts.
For greater than a half-century, Ascuaga owned and operated John Ascuaga’s Nugget in Sparks and regularly expanded the resort into the sprawling advanced that it’s in the present day. Ascuaga offered the on line casino resort in October 2013.
Jacks Valley Historical past
Ascuaga bought Jacks Valley Ranch in 1969. The storied property has referred to as a number of different outstanding Nevadans its proprietor, together with Richard Kirman, the seventh governor of the state, oil tycoon Robert Lytle, and millionaire philanthropist Max Fleischmann of the Fleischmann’s Yeast empire.
Steeped in historical past, Jacks Valley was the place John Wayne filmed his ultimate film — “The Shootist.” The Duke, as Wayne was affectionately identified, is synonymous with Hollywood Westerns.
Throughout his possession, Ascuaga completely preserved many of the land by putting it into the Nevada Land Belief. The nonprofit helped Ascuaga acquire a conservation easement on 1,169 acres, which bars the land from additional growth.
My need has at all times been to protect the character of Jacks Valley and to take care of the ranch as a working ranch,” Ascuaga stated in 2015 after the conservation easement was established.
Jacks Valley Ranch, situated 5 air miles east of Lake Tahoe and only a brief drive to Carson Metropolis, was the first residence of the Ascuaga household. Ascuaga raised his kids there, and Stephen and Michonne would go on to work on the Nugget and play essential roles in its perpetual growth and governance.
Itemizing Particulars
Jacks Valley Ranch has 4 residences, with the principle house consisting of three bedrooms, two baths and two half-baths, a research, and a two-car hooked up storage. The 5,428-square-foot house was inbuilt 1963.
The three different houses are older, every relationship again to 1942. They’re every two-bed, one-bath models. The property has 5 barns, 737 acres of irrigated pasture, and 4,112 acre-feet of deeded water rights.
Importantly, the property has the best to divert the movement of a portion of Jacks Valley Creek for five.5 days out of every eight-day cycle. The tributaries assist maintain pure springs on the property full and in addition replenish the property’s water tank.
The ranch additionally options 377 acres of blended conifer forest and 111 acres of sage and bitterbrush. Jacks Valley Ranch is being listed by Chase Worldwide. Extra info could be discovered right here.