Penn Valley Homes with Waterfront Site location

Welcome to Penn Valley, California—a hidden gem nestled in the enchanting Sierra Nevada foothills of Nevada County. Known for its serene landscapes and close-knit community, Penn Valley offers a unique blend of natural beauty and modern convenience. With its stunning views, lush greenery, and an abundance of outdoor recreational activities, this charming town is perfect for those seeking a tranquil lifestyle.

One of the most captivating features of Penn Valley is its beautiful waterfront properties. Imagine waking up to the gentle sounds of water lapping against the shore, with picturesque views right from your window. Homes with waterfront sites in this area provide not just a residence but a lifestyle filled with adventure and relaxation. Whether you enjoy fishing, kayaking, or simply soaking in the sun by the water, these properties offer a gateway to endless outdoor fun.

Penn Valley is also conveniently located just a short drive from the vibrant town of Grass Valley, where you can explore boutique shops, delightful restaurants, and rich cultural events. The community is known for its friendly atmosphere and a variety of local festivals that celebrate everything from art to agriculture.

With its stunning waterfront homes and a welcoming community, Penn Valley is not just a place to live—it's a place to thrive. Whether you’re looking for a family home, a vacation retreat, or a peaceful escape from the hustle and bustle, Penn Valley invites you to discover the joys of lakeside living in Northern California. Come and experience the charm of this beautiful town—your dream home awaits!

Newest Penn Valley Homes with Waterfront Site location

$650,000

3 Beds ⋅ 3 Baths ⋅ 2,475 SqFt. ⋅ 226113783 MLS

**DIAMOND IN THE ROUGH Extraordinary Potential on Nearly 10 Private Waterfront Acres!** A rare opportunity to transform a truly special property into a spectacular private estate. With a very large pond, dramatic mountain and sunset views, distinctive Modern Spanish architecture, and **no neighboring homes in sight**, the ingredients are already herethe next owner simply has the opportunity to unlock its full potential. Tucked behind a stone-pillared gated entrance and approached by a long winding driveway, the property feels remarkably private and secluded, yet is just minutes from shopping, dining, and conveniences. Expansive windows frame captivating water views while wildlife, changing skies, and sunsets create an ever-changing natural backdrop. The custom residence has tremendous character and great bones, highlighted by a dramatic Great Room with soaring 17-foot ceilings, hand-hewn Sitka spruce beams, Kiva fireplace, and walls of glass. The spacious kitchen features a large center island, custom cabinetry, pantry, fireplace, breakfast nook, and beautiful views across the water. Curving walls and distinctive architectural details give the home a style rarely found in today's construction. The generous primary suite features tray ceilings, views, and a spacious bath. A private guest suite offers its own bath and patio, while the office/optional bedroom includes custom built-ins. Stucco construction, pecky cedar trim, and a classic Spanish tile roof reinforce the home's timeless Southwestern character. The detached art studio offers even more upside with potential for conversion to a guest apartment, private retreat, office, or wellness space. Nearly 10 gently sloping acres provide room for gardens, horses, a future ADU, workshop, or additional improvements, while **NID irrigation water** adds tremendous versatility. **Bring your vision.** With thoughtful cosmetic improvements and a deck replacement, this Diamond in the Rough has the potential to become an exceptional waterfront showplace. Properties offering this combination of **acreage, privacy, water, architecture, views, and proximity to town are exceedingly difficult to replicate.** An outstanding opportunity for the buyer who recognizes what this property can become.

19787 Calle Toro Lane, Penn Valley

Listing courtesy of Coldwell Banker Grass Roots Realty.

$649,999

4 Beds ⋅ 1 Baths ⋅ 1,432 SqFt. ⋅ 226075396 MLS

Set on 12 fully fenced acres in Penn Valley, 13598 Desperado Dr is a rare, well-improved ranch property offering exceptional versatility, abundant water, and multiple living options. The land is thoughtfully laid out with rolling pasture, irrigated areas, gravel pathways throughout, multiple scenic settings, and elevated hilltop views overlooking the property.Potential exists to split the lot into 2 seperate parcels. As it stand now there are 4 primary structures on the property. A charming two-story historical cabin dating back to the 1900s offers 4 bedrooms, 1 bathroom, a laundry room, and approximately 1,432 square feet of living space, rich with character and a true sense of history. A nicely remodeled manufactured home provides an additional residence with 1 bedroom, 1 bathroom, and approximately 700 square feet ideal for guests, extended family, caretakers, or rental use. Electrical service is in place to both homes, creating flexibility for independent or shared living arrangements. A historic barn has been converted into a functional chicken coop, and an additional covered storage structure supports agricultural and equipment needs. The property is fully equipped for livestock and currently supports cattle, featuring multiple fenced enclosures, two gated access points, and infrastructure designed for active ranch operations. A massive, fully fenced garden area sits near the chicken coop and includes water access and multiple planter boxes, ideal for large-scale gardening or homestead use. Water resources are a standout feature, including a very high-producing well, a second well that is currently capped, generous NID water rights, and multiple ponds. The property includes a large pond, an additional pond located within a livestock enclosure, and a seasonal pond below the historic cabin, providing both utility and scenic beauty. Two septics and two propane tanks are in place, offering added capacity and future flexibility. This is a rare opportunity to own a productive, private, and well-improved ranch property just minutes from town, combining rural self-sufficiency with convenience and long-term potential. The seller will entertain carrying a first mortgage with the right offer!

13598 Desperado Dr, Penn Valley

Listing courtesy of Better Brokers Realty Group, Inc..

Start Your Search

metrolist logo

All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .