Welcome to your 70 acre farm including three water shares with ditch rights. This agricultural property (currently growing alfalfa and oats) offers a unique opportunity to live near historic downtown Merino, own your water and have irrigated land. Nestled on the property is a fixer-upper single-family farmhouse, offering a rustic retreat amidst the countryside. With four bedrooms and two bathrooms, this home is in need of some TLC and holds great potential for those with a vision for renovation. Upon entry, you'll find a woodburning fireplace, offering a glimpse into the home's charm. The farmhouse features a kitchen with appliances and cabinetry, awaiting a creative touch to bring it back to life. Adjacent to the farmhouse stands a horse barn, including five stalls that speaks to its storied past. You've got all your basic amenities for the horses, farming equipment and livestock. The greenhouse presents an opportunity to cultivate plants and embrace sustainable farming practices.