This 31-acre vineyard in the Big Valley District AVA of Lake County is a cash cow with a projected cap rate of over 12% for 2024. The vineyard was planted with premium Sauvignon Blanc in 2018 and 2019, and it boasts impressive yields of 350 tons in 2023, over 11 tons per acre. 2024 is set to surpass last year's performance with projections close to 12-13 tons per acre. With this year's current grape contracts and expected yield, the vineyard is set to gross annual income over $620,000, making it a highly lucrative investment. Enrolled in the California Certified Sustainable Vineyard program, the vineyard practices environmentally friendly and sustainable farming. The estate is well-equipped with two agricultural wells, ensuring efficient irrigation throughout the growing season. Also, it includes a comfortable 2,000 sq ft primary home, ideal for additional income or on-site living, along with a large agricultural barn and horse riding arena. With young vines, a trending varietal, and high yields, this property offers an unbeatable combination for agricultural cash flow in the North Coast.
|
DAYS ON MARKET
|
71
|
LAST UPDATED
|
8/23/2024
|
|
YEAR BUILT
|
1952
|
COMMUNITY
|
Lakeport South
|
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Lake
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
| School District |
Kelseyville Unified |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AREA |
Lakeport South |
| BARN/EQUESTRIAN |
Yes |
| FIREPLACE |
Yes |
| GARAGE |
Garage, Yes |
| HEAT |
Central |
| HOA DUES |
0 |
| LOT |
45.57 acre(s) |
| LOT DESCRIPTION |
Level |
| PARKING |
Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Engineered Septic |
| STORIES |
1 |
| UTILITIES |
Electricity Connected, Electric: 220 Volts in Laundry |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Vineyard |
| WATER |
Well |
| ZONING |
APZ |
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Listed with Luxe Places International Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/1/24 8:27 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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