Listing by: Tom Larson, Luxe Places International Realty, 707-433-8000
2 Beds
2 Baths
2,000 SqFt
Active
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.
Property Details | ||
|---|---|---|
| Price | $3,750,000 | |
| Bedrooms | 2 | |
| Full Baths | 2 | |
| Total Baths | 2 | |
| Lot Size Area | 1985029 | |
| Lot Size Area Units | Square Feet | |
| Acres | 45.57 | |
| Property Type | Residential | |
| Sub type | SingleFamilyResidence | |
| MLS Sub type | Single Family Residence | |
| Stories | 1 | |
| Year Built | 1952 | |
| View | Vineyard | |
| Heating | Central | |
| Lot Description | Level | |
| Laundry Features | In Garage | |
| Pool features | None | |
| Parking Description | Garage | |
| Parking Spaces | 2 | |
| Garage spaces | 2 | |
| Association Fee | 0 | |
Geographic Data | ||
| Directions | Highway 29 north on the Renfro Drive, property is on the west hand side | |
| County | Lake | |
| Latitude | 38.987941 | |
| Longitude | -122.857147 | |
| Market Area | LCLPS - Lakeport South | |
Address Information | ||
| Address | 4635 Renfro Drive, Lakeport, CA 95453 | |
| Postal Code | 95453 | |
| City | Lakeport | |
| State | CA | |
| Country | United States | |
Listing Information | ||
| Listing Office | Luxe Places International Realty | |
| Listing Agent | Tom Larson | |
| Listing Agent Phone | 707-433-8000 | |
| Attribution Contact | 707-433-8000 | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Standard | |
| Ownership | None | |
School Information | ||
| District | Kelseyville Unified | |
MLS Information | ||
| Days on market | 6 | |
| MLS Status | Active | |
| Listing Date | Aug 23, 2024 | |
| Listing Last Modified | Aug 29, 2024 | |
| Tax ID | 008036320000 | |
| MLS Area | LCLPS - Lakeport South | |
| MLS # | LC24175757 | |
This information is believed to be accurate, but without any warranty.