1 FULL ACRE of WATER RIGHTS Fully Transferable. 1916 Water Rights never expire.There is plenty of water for multiple dwellings or livestock. If you are looking to find the perfect building lot that has views, space, privacy, and all the potential you could think of! This lot is #28 in the Red Canyon Subdivision. Build your dream house, use the property to have a small hobby farm, or conjure up what you would like to create your own oasis.