The history of the Property dates back to the 1860s when the Conaway Ranch was one of the first cattle ranches in the region. It was a favorite place of writer Zane Grey, who enjoyed staying at the ranch while he was writing about the wild west. Howard Hughes, Summa Corporation, owned the Conaway Ranch in the 1970s where he intended to develop a destination resort. In the 1980s a developer drilled water wells, built a community sanitary sewer and leach field, and built a 9-hole golf course on the ranch.

The golf course is grown over with natural cover, but pressure pumps and some underground infrastructure remain. A domestic well and the community leach field served several homes and golf club facilities during the years that the golf course operated, and currently serves two existing homes on the golf course.

647+/- Total Acres including 592+/- acre-feet of water rights

List Price for total acreage and water rights of the ranch: $16,479,000

Ranch can also be purchased as follows:

120 Acres within the city limits of Caliente

30.98 acre parcel Fronts Highway 93, south of Highway 93, east of the citys Meadow Valley Industrial Park, views south into Rainbow Canyon, city sewer, city water, and city power to site.

List Price: $1,858,800.00

13.59 acre parcel Fronts Highway 93, north of Highway 93, views south into Rainbow Canyon, city water and city power to site, city sanitation close.

List Price: $611,550.00

75.41 acre parcel Hillside, north of Highway 93, views south into Rainbow Canyon, city water and city power to site, city sanitation close. Citys new 600,000 gallon water tank is located on this parcel.

List Price: $2,639,350.00

527 Acres in Rainbow Canyon

101.77 acre parcel Fronts Highway 317, east of Highway 317, nice corner parcel that could be commercial, several interesting home sites along the canyon walls, follows the canyon walls south into Rainbow Canyon.

List Price: $1,526,550.00

72.47 acres in two parcels Fronts Highway 317, east of Highway 317, north boundary is the entrance to Kershaw-Ryan State Park, parcel extends east along park entrance, gorgeous meadow with spectacular rock wall backdrop, includes 190.5 AFA of water rights.

List Price: $2,515,800.00

234.19 acres in five parcels Fronts Highway 317, east of Highway 317, former 9 hole golf course, year-round spring fed stream runs down through the middle of the former golf course, two 2 bedroom, 2 bath homes (currently leased month-to-month), community sanitation system still functioning, 4 reservoir lakes, underground golf course irrigation mainline still in serviceable condition, spectacular rock wall backdrop, includes 294.97 AFA of water rights.

List Price: $5,725,125.00

21.342 acres Fronts Highway 317, west of Highway 317, year-round spring fed stream running through, includes 38.04 AFA of water rights.

List Price: $605,430.00

25.857 acres Fronts Highway 317, west of Highway 317, meadow, includes 64 AFA of water rights.

List Price: $867,855.00

62.235 acres Access from Highway 317, cross over Union Pacific railroad, west of the railroad, meadow, spectacular rock wall backdrop, very private, north portion will have easement for existing underground community leach field for golf course sanitation system.

List Price: $933,525.00

Outdoor Recreation

Five of Nevadas state parks are in Lincoln County. Kershaw-Ryan state park, known for its wild grape vines climbing the sheer cliff walls, adjoins the Conaway Ranch and has full day use facilities including a volley ball court and horse shoe pits. Cathedral Gorge State Park and Beaver Dam State Park are approximately 15 miles north, Echo Canyon State Park and Spring Valley State Park are approximately 35 miles north and both have reservoirs stocked with rainbow and cutthroat trout. The region has miles of off-road trails for horseback riding, ATV riding, mountain bike riding, and hiking.

Hunting in Nevada

Nevadas big game species include mule deer, Rocky Mountain elk, three sub-species of bighorn sheep, pronghorn antelope, and mountain goat. Nevadas big game hunts are conducted by a random draw process and are available to those 12 years old or older. Applications are generally available in mid-March and the application deadline is around mid-April. A second drawing is conducted for remaining tags in June, and any remaining tags after that draw can be applied for on a first-come, first-served basis. Mountain lion tags are available over the counter and furbearers can be hunted or trapped with a trapping license. Upland game birds like chukar partridge, California and Gamble's quail, ruffed grouse, pheasant, blue grouse, dove, and the Himalayan snowcock are popular upland game, or hunters may choose to hunt waterfowl or certain migratory birds. Unprotected species like coyote and black-tailed jackrabbit may be hunted without a hunting license by both residents and nonresidents, but a trapping license is required to trap them.

Lincoln County

Lincoln County was established in 1866 after Nevada moved its state line eastward and southward at the expense of Utah and Arizona territories. It is named after Abraham Lincoln, the 16th President of the United States. Few places offer the rich mix of scenic and historic locations found in Lincoln County which lies at the very heart of Nevadas Pioneer Territory. Historic landmarks and colorful pasts epitomize the small towns scattered throughout Lincoln County. Lincoln County is home to five state parks and an endless variety of recreation opportunities. According to the U.S. Census Bureau, the county has a total area of 10,637 square miles. The population of Lincoln County is 4,100, with most of the population living in the towns of Caliente, Panaca, Pioche and Alamo. Caliente is the only incorporated community in Lincoln County. Evidence of Calientes historical roots as a railroad town is its mission-style railroad depot. City offices, an art gallery, library and Southern Nevada Community University computer lab now occupy the historical railroad depot. The Lincoln County Hospital is also located in Caliente and the Lincoln County Airport is about 12 miles north of Caliente.

Taxation in Nevada

The incentives of doing business in Nevada are expansive. Nevada boasts one of the most liberal tax structures in the nation and from a tax-planning perspective, the return on investment in the form of tax saving dollars can be enormous.

In Nevada, you WILL NOT pay any of the following state taxes:

Personal Income Tax

Corporate Income Tax

Franchise Tax on Income

Unitary, Inventory Tax Inheritance, Estate, Gift Tax

Admissions, Chain Store Tax

Taxation in Lincoln County:

In Lincoln County, the sales tax rate is 6.75. In Lincoln County, the 2006-07 average county wide tax rate is 3.0766.

Elevation

The elevation is 4,300 feet above sea level.

Climate

This area enjoys a high desert climate with temperatures typically 10-15 degrees cooler than Las Vegas. The average growing season is 140