A working ranch larger than the city of San Francisco is asking $72 million. The property, just 40 miles from Oakland, is believed to be the largest piece of land for sale in the state of California, according to the listing agent.

At 50,500 acres, the property accommodates up to 1,500 cow and calf pairs. The right buyer is someone who “wants to relive the Old West,” said listing agent Todd Renfrew of California Outdoor Properties.

The N3 Cattle Company ranch has been in the same family for about 85 years and spans four counties, including Santa Clara County, Alameda County, San Joaquin County and Stanislaus County.

It has a diverse terrain that includes watersheds, creeks, steep canyons, woodlands, meadows, ponds and rock outcroppings, and it is sprinkled with hunting cabins, Mr. Renfrew said. At its high point, the ranch has an elevation of about 4,000 feet. The main house is a low-slung four-bedroom home, and there are four cabins used for employee housing.

The property also includes 200 miles of private roads for hiking, trail-running, mountain biking and all-terrain vehicles.

The sellers are sisters and fourth-generation ranchers Sandra Naftzger and Natalie Naftzger Davis. Their family has been cattle ranching for 135 years in Arizona, California and Oregon, Sandra Naftzger said. The original parcels for the California ranch were purchased in the 1930s and 1940s by their grandmother, and their father, Roy Edgar “Ted” Naftzger, Jr., expanded it significantly through the 1980s.

The sisters spent much of their childhood on the ranch, Sandra Naftzger said, and have been operating the property for the last 20 years. “My father was all business,” she added. “We were always taught to be respectful of the cattle operation. We’d be spending time with the managers and the buckaroos. It takes a village.”

Sandra Naftzger said she and her sister are selling because they are ready to move on.

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