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Agua Fria consists of 22 assessor parcels located in Merced County between the city of Los Banos and the San Luis Reservoir and recreational area, 45 minutes Southeast of San Jose. The Ranch is currently unimproved and consists of flat grazing land, gently rolling hills with pastoral views and areas of open space having conservation potential for Kit Fox, Burrowing Owl, and Swainson's Hawk. Proposed for ultimate residential development, Agua Fria presents a unique opportunity for interim revenue potential from energy generation, mitigation credits, habitat conservation and continued grazing.