A rare chunk of undeveloped Bay Area land, stretching across 767 acres of oak-studded grassy hills, is on the market for $13.9 million.

The Wool Ranch spanning Milpitas and Sunol is selling for the first time since Ernest Wool purchased the property to raise sheep in the 1900s.

The sheep business failed when coyotes killed off the flock, and Wool transitioned to cattle.

Wool’s grandchildren now lease the land to a cattle rancher and they are ready to pass their stewardship to a new owner.

The land is zoned for agricultural use and the property includes facilities for raising cattle. There’s no residence, but a buyer could build several homes or agricultural buildings.

“I think they’d like to see it developed as far as fixed up the way it was. Make it a working ranch,” says listing agent Todd Renfrew, owner of California Outdoor Properties. “Someone who will build a home and live here. Someone from the Bay Area is the most likely person who wants a ranch and a place to escape and not that far from the Bay Area.”

The property is a relic of California’s old Spanish land grants. This particular property was part of a 4,394-acre concession known as Rancho Los Tularcitos and given in 1821 to José Loreto Higuera by the last Spanish governor of Alta California, Pablo Vicente de Solá.

The land feels incredibly private as it’s surrounded by vast swaths of undeveloped land owned by the San Francisco Water District, East Bay Municipal Utility District and East Bay Regional Parks.

“People can’t hunt on the water district land so there’s a lot of wildlife,” says Renfrew. “There are lots of wild deer, pig, turkey, quail, doves.”

Yet while the property is relatively remote for the Bay Area, it’s also only a couple minutes’ drive to modern-day conveniences. The closest school is 7 miles away in Fremont. The San Jose Airport is 22 miles away, and it’s a 20-minute drive to downtown Sunol.

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