4635 Renfro Drive, Lakeport, CA 95453

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Glen Henderson

[email protected] +1(619) 889-7646

$3,750,000

Est. payment - /mo

2 Beds

2 Baths

2,000 SqFt

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UPDATED:

08/30/2024 07:20 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 LC24175757

Style Detached

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1952

Lot Size 45.570 Acres

Acres 45.57

Type of Financing Cash,Conventional

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.
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

Area Lakeport (95453)

Zoning APZ

Interior

Cooling Central Forced Air

Fireplaces Type FP in Living Room

Laundry Garage

Air Conditioning Central Forced Air

Exterior

Garage Garage

Garage Spaces 2.0

Utilities Available Electricity Connected

View Vineyard

Total Parking Spaces 2

Building

Story 1

Sewer Engineered Septic

Water Well

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Tom Larson • Luxe Places International Realty

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

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