$3,750,000
Beds:
2
Baths:
2
Sqft:
2,000
Sqft lot:
1,985,029
Acre lot:
45.57
95 Days On Market -
Property listed by Luxe Places International Realty, Tom Larson 707-433-8000
Status:
Active
Property Type:
Single Family Residence
Year Built:
1952
Days On Website:
95
Description
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.
Features
Bathrooms
- 2 main level bathrooms
- 2 full bathrooms
- 2 total bathrooms
Bedrooms
- 2 main level bedrooms
- 2 total bedrooms
Building
- Built in 1952
- Levels: One
- Living area: 2000
- 1 story
- Common walls: NoCommonWalls
Community
- Lake
Cooling
- CentralAir
Fireplaces
- LivingRoom
Garage
- 2 spaces
Heating
- Central
Laundry
- InGarage
Listing
- ListingID: LC24175757
- Standard status: Active
- 6 days on market
Location
- Country: US
Lot
- 45.57 acres
- 1,985,029 square feet
- Size: 1,985,029
- Level
Parking
- 2 totals parking
- Garage
Pool
- None
Possession
- CloseOfEscrow
Property
- Zoning: APZ
- Vineyard
Sewer
- EngineeredSeptic
Utilities
- Volts220InLaundry
- ElectricityConnected
Property Map
Map View
$3,750,000 - 4635 Renfro Drive, Lakeport, CA 95453
Street View
Directions
4635 Renfro Drive
Lakeport, CA 95453
Country: US