40-Acre Foothill Retreat with Two Homes. Overlooking Lake $585,000

Lake Home For Sale near Oroville Lake

40-Acre Foothill Retreat with Two Homes. Overlooking Lake Oroville in Yankee Hill, this property blends privacy, natural beauty, and convenience. Located in the *banana belt* below the snow line, you'll enjoy a mild climate just 20 minutes from Oroville or Paradise and 35 from Chico. A private electric gate leads to the 2,179 sq. ft. main home, originally built in 1930 and expanded in 1984. It features Southwest flair, open-beamed ceilings, plantation shutters, and a cozy wood-burning fireplace. The gourmet kitchen includes stainless appliances, wood cabinetry, a restaurant-grade gas stove, butcher block island, and ample prep space. The primary suite opens to a private deck and features a walk-in closet and luxurious en-suite bath with dual sinks, soaking tub, and tiled walk-in shower. There are two more bedrooms, a versatile bonus room for a gym or second living area, indoor laundry, newer HVAC, tankless water heater, and a wraparound deck. Nearby, the 800 sq. ft. ADU offers modern comfort and privacy with Corian/quartz countertops, luxury vinyl plank flooring, fireplace, private kitchen, and full bath. It has its own well, septic, and electric meter--ideal for extended family, guests, or as a rental. The grounds include two wells with solar pumps, three water storage tanks, and artesian spring rights for self-sufficiency. Two seasonal creeks cross the land. Additional structures: 800 sq. ft. detached garage with art studio, She Shed-style cottage, well house, and storage buildings offer space for creative and practical needs. For sustainability, there's a greenhouse, raised beds, chicken coop, and a large orchard with mature trees: peach, cherry, apricot, plum, apple, orange, mandarin, lemon, fig, loquat, pomegranate, and blackberries. With certified organic history and no chemical pesticides, it's ideal for a family farm, homestead, or boutique ag venture. Surrounded by wildlife and sweeping Northern California foothill views, this property offers endless possibilities--whether as a farm, multi-generational compound, or peaceful retreat. A rare chance to create your dream lifestyle close to town.