119 Gemstone Farm Lane, CENTRE HALL, PA 16828 (MLS # PACE2519932)
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A rare opportunity to own an exceptional 31.5-acre gentleman's farm in the heart of picturesque Penns Valley, where rolling pastures, peaceful water views, and thoughtfully designed amenities create the perfect country retreat. Whether you're an equestrian enthusiast, hobby farmer, or simply dreaming of a private estate with room to roam, this remarkable property offers endless possibilities. The property features approximately 10 acres of productive hayfields, 20+ acres of fenced pastures surrounding the homes, and a beautiful stocked pond complete with a dock, providing a stunning backdrop for everyday living. Equestrians will appreciate the 6-stall horse barn, a large equipment building with four covered stalls, and ample acreage for horses, livestock, or recreational use. The main residence blends comfort and functionality with four spacious bedrooms and four full baths. The main-level owner's suite offers a private retreat with an ensuite bath, while an additional full bath on the first floor adds convenience. The heart of the home is the eat-in kitchen featuring granite countertops, which flows effortlessly into the inviting great room highlighted by a dramatic floor-to-ceiling stone fireplace. Across from the formal dining room, step outside onto the updated composite deck, where you'll enjoy sweeping views of the farm and surrounding countryside. Upstairs you'll find three generously sized bedrooms, a full bath, and an expansive unfinished bonus room ready to become additional living space, a studio, home office, or abundant storage. The walkout lower level is partially finished, offering even more room for recreation or hobbies, while the greenhouse provides the perfect space for indoor gardening and year-round cultivation. Designed with efficiency and peace of mind in mind, the home is equipped with geothermal heating powered by the property's pond, two water heaters (electric and tankless), a whole-house generator, and the added value of an updated roof, providing years of worry-free ownership. Adding tremendous flexibility is the second residence, a well-maintained 2-bedroom, 2-bath home situated on its own permanent foundation. Complete with a 2-car garage, this home has been retrofitted for handicap accessibility, making it ideal for extended family, caretakers, guests, or potential rental income. Recent improvements include an updated roof, newer HVAC system, and its own backup generator. From sunrise over the pond to evenings spent overlooking your horses in the pasture, this extraordinary Penns Valley estate offers the perfect balance of luxury, functionality, and rural tranquility. Properties of this caliber"”offering 31.5 acres, two residences, equestrian facilities, productive farmland, and modern energy-efficient amenities"”are seldom available. Come experience the lifestyle you've been dreaming of.
| DAYS ON MARKET | 0 | LAST UPDATED | 7/21/2026 |
|---|---|---|---|
| TRACT | NONE AVAILABLE | YEAR BUILT | 1988 |
| COMMUNITY | Potter Twp (16420) | GARAGE SPACES | 2.0 |
| COUNTY | CENTRE | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | PENNS VALLEY AREA |
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| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Gas Water Heater |
| AREA | Potter Twp (16420) |
| BASEMENT | Partially Finished, Yes |
| CONSTRUCTION | Other |
| EXTERIOR | Other |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Electric, Fireplace Insert, Geothermal, Heat Pump |
| LOT | 31.64 acre(s) |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Garage, Driveway, Attached |
| POOL DESCRIPTION | None |
| SEWER | Septic Tank |
| STORIES | 2 |
| STYLE | Traditional |
| SUBDIVISION | NONE AVAILABLE |
| TAXES | 5558 |
| WATER | Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Perry Wellington Realty, LLC
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.

