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Arizona’s Priciest Listing Is $175 Million of Empty Land. The Real Asset Is 1.7 Billion Gallons of Water.

River View Ranch lists 1,846 acres in northern Arizona for $175 million, with reserved groundwater central to its development pitch.

Arizona’s Priciest Listing Is $175 Million of Empty Land. The Real Asset Is 1.7 Billion Gallons of Water.

Photo: Raychel Sanner / Unsplash. Vermilion Cliffs near Page, Arizona. Illustrative stock photograph; not River View Ranch or its reserved groundwater. The most expensive listing in Arizona has no house on it. River View Ranch, 1,846 acres straddling Interstate 15 in Mohave County’s Beaver Dam and Littlefield area, has hit the market for $175 million, according to AZ Big Media. Russ Lyon Sotheby’s International Realty has the listing, with Brenda Buck and Tod Christensen as agents. That’s more than four…

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