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Listed by Tom Larson • Luxe Places International Realty • 02056131 • 02056131 • Luxe Places International Realty
Paul Walia • 02056131 • Luxe Places International Realty
Paul Walia • 02056131 • Luxe Places International Realty
$ 3,750,000
Est. payment /mo
Active
4635 Renfro DR Lakeport, CA 95453
2 Beds
2 Baths
2,000 SqFt
UPDATED:
08/27/2024 03:10 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,875
MLS Listing ID 324065895
Bedrooms 2
Full Baths 2
HOA Y/N No
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
Community No
Area Lake County
Rooms
Kitchen Tile Counter
Interior
Heating Central
Cooling Central
Fireplaces Number 1
Fireplaces Type Other
Laundry In Garage
Exterior
Parking Features Attached, Garage Facing Front
Fence Fenced, Full, Partial
Utilities Available Electric
Building
Story 1
Sewer Engineered Septic
Water Well
Architectural Style Craftsman
Level or Stories 1
Others
Senior Community No
Special Listing Condition Offer As Is
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