Founded in 1858, and named for John C. Fremont’s scout Christopher “Kit” Carson. President Abraham Lincoln recognized the importance of Nevada’s silver and gold to the Union’s Civil War effort, and signed the proclamation for Nevada statehood on October 31, 1864. Carson City was selected as the state capital and retains that honor today. Carson City and County in the beginning was dependent on the mining industry, but gradually developed economically as a freight and staging center, and a transportation hub for the Lake Tahoe timber harvesting. Once claiming to be the smallest state capital, today it spans an area of 146 square miles and even includes acreage around famously known Lake Tahoe. Property prices are typical of a community that is spread out over a large area and encompasses many types of developments. Prices can start in the low $100,000 and include multi-million dollar homes.