240-Acre Nebraska Farm With 3-Bedroom Home Borders Sherman Reservoir Wildlife Area
A massive 240-acre property near Loup City, Nebraska, has hit the market through a sealed-bid auction, combining productive farmland, fenced pasture, a three-bedroom home and direct proximity to the recreational attractions surrounding Sherman Reservoir.
Located at 79452 Trail 8 in Sherman County, the property includes approximately 240 tax-assessed acres and sits about 12 miles northeast of Loup City.
Unlike a conventional real estate listing, there is no fixed asking price.
Instead, the property is being offered through a sealed-bid auction, with bids being accepted from October 9 through November 23, 2026.
The acreage is divided among several different uses.
Approximately 61.37 acres are described as productive tillable dryland, providing agricultural ground that could continue to be used for crop production.
Another approximately 167.63 acres consist of fenced grassland pasture, creating a substantial amount of grazing land for livestock or other agricultural purposes.
A roughly seven-acre farmstead makes up another portion of the property.
That farmstead includes the existing residence and several outbuildings, which are being sold in as-is, where-is condition.
The home itself offers three bedrooms, one full bathroom and approximately 1,546 square feet of living space.
While the listing places more emphasis on the land than the residence, having an existing homesite gives the property an advantage for a buyer who wants to live on the acreage or maintain an operational farmstead.
A well located on the property provides water to both the homesite and livestock stock tanks.
The property’s location may be just as important as its agricultural potential.
It sits on the north end of Sherman Reservoir State Recreation Area and borders the Sherman Reservoir Wildlife Management Area on multiple sides.
That setting creates access to a wide range of recreational opportunities.
The surrounding area is known for boating, camping, fishing, hunting and hiking, while marina access is also available at Sherman Reservoir.
For buyers interested in both agriculture and recreation, the combination could be particularly appealing. The land offers pasture and tillable acreage while also sitting next to a major wildlife and outdoor recreation area.
Annual real estate taxes for 2025 are listed at approximately $3,019.34.
The auction terms require bidders to provide proof of funds before a bid will be considered.
The successful bidder will also be required to provide a 10% down payment, which will be held in escrow until closing. The remaining balance will then be due at closing.
The seller reserves the right to accept or reject any offer before the bidding period officially closes.
Because there is no published asking price, the final selling price will ultimately depend on the sealed bids submitted during the auction period.
With 240 acres, more than 60 acres of tillable ground, nearly 168 acres of pasture, a three-bedroom home, multiple outbuildings and direct proximity to Sherman Reservoir, 79452 Trail 8 offers a rare combination of working land, recreation and rural living in central Nebraska.
Listed on Zillow