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Listed by Tom Larson • Luxe Places International Realty
$ 3,750,000
Est. payment /mo
Active
4635 Renfro Drive Lakeport, CA 95453
2 Beds
2 Baths
2,000 SqFt
UPDATED:
08/29/2024 09:35 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,875
MLS Listing ID CRLC24175757
Bedrooms 2
Full Baths 2
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1952
Lot Size 45.570 Acres
Property 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.
Location
State CA
County Lake
Interior
Heating Central
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry 220 Volt Outlet, In Garage
Exterior
Garage Spaces 2.0
Pool None
View Vineyard
Private Pool false
Building
Lot Description Level
Story 1
Schools
School District Kelseyville Unified
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