Diamond Investment Ranch presents an exceptional long-term investment opportunity. Whether envisioned as a continued agricultural operation, a land-banking strategy, future residential or mixed-use development, or a legacy ranch holding, the property offers unmatched versatility with significant water rights including 26 free flowing artesian water wells and 57 shares of Ephraim irrigation water. Just west of the rapidly expanding community of Ephraim, Diamond Investment Ranch represents a rare opportunity to acquire a large, productive agricultural holding with exceptional long-term upside. Encompassing approximately 685 contiguous acres across three tracts, this premier working ranch combines irrigated farmland, extensive water resources, breathtaking mountain views, and immediate proximity to one of Sanpete County's fastest-growing development corridors. With its predominantly flat, highly usable terrain and strong agricultural foundation, Diamond Investment Ranch is ideally suited for continued ranching operations, long-term land banking, or thoughtfully planned development. The property offers a compelling balance of productivity, scenery, and future flexibility, an increasingly scarce combination in today's market. Situated in the heart of the Ephraim Valley, Diamond Investment Ranch features level, fertile ground optimized for efficient agricultural use. The ranch is dominated by irrigated fields, including productive Garrison grass hay that currently yields approximately 300 tons annually. Roughly 60 acres are served by pressurized riser and side-roll irrigation systems, supporting consistent yields and streamlined operations. Water is one of Diamond Investment Ranch's most valuable assets. The San Pitch River meanders through the northern tract for over a mile, providing reliable flow, scenic appeal, and flood irrigation opportunities supported by established Utah water rights. In addition, the ranch benefits from approximately 26 underground free flowing artesian wells and 57 shares of Ephraim Irrigation water supplying irrigation, stock water, and domestic use, offering exceptional water security rarely found at this scale. Operational capacity is further enhanced by the Manti Canyon C&H Forest Grazing Allotment, allowing for 1,713 AUMs, significantly expanding seasonal grazing potential and overall ranch productivity. Additionally, 220 bred cows will transfer with the sale!! Diamond Investment Ranch enjoys sweeping, unobstructed views of the San Pitch Mountains, Big Mountain, Ephraim Canyon, and portions of the Manti-La Sal National Forest. Open pastureland, fertile soils, and panoramic vistas create an environment that is both visually striking and highly functional. The ranch is offered as a turnkey working operation, with a herd of bred cows included in the sale-allowing a new owner to step seamlessly into ongoing operations without delay. Flat topography, contiguous acreage, and strong infrastructure support efficient livestock management and agricultural use. The property includes a growing suite of improvements that support both ranch operations and comfortable rural living. The newly constructed 3000 +/ square foot custom home provides modern on-site housing for owners, managers, or staff and reflect recent capital investment in the ranch. Multiple sets of working corrals and livestock-handling facilities further enhance day-to-day efficiency. Additional details regarding structures, utilities, and improvements will be provided as available. Diamond Investment Ranch offers access to outstanding year-round recreation. Nearby Skyline Drive and Ephraim Canyon provide hiking, mountain biking, OHV routes, wildlife viewing, and direct access into the Manti-La Sal National Forest, known for its alpine lakes, fishing streams, camping, hunting, and expansive trail systems. Palisade Reservoir State Park, just a short drive away, offers boating, fishing, paddleboarding, swimming, and camping. Winter recreat