A 107-year-old Balfe Ranch House in Clovis, California, is on the market for $25 million, offering 535 acres of prime Central Valley land steeped in Hollywood history. The Spanish-style estate, built in 1919 by New York businessman Harry Balfe, once hosted stars like Gary Cooper and Fred MacMurray for lavish parties and now represents a rare development opportunity.

Realtors estimate the land's development potential at $1.5 billion, positioning it as the second-most expensive property in the Fresno area. The estate includes the original ranch house with four bedrooms, three bathrooms, a pool, tennis court, and extensive farmland. The property has been owned by four families since its construction, with the current owners, the Indart family, having restored it since 1966.

Located just east of Clovis, the ranch sits on land larger than the Disneyland resort area and represents a unique opportunity in one of California's fastest-growing regions. The property's combination of historic significance, development potential, and prime location makes it an exceptional listing in the Central Valley real estate market, attracting attention from both preservationists and developers.