Listed by 707-433-8000 - Tom Larson - DRE #01057428 - Luxe Places International Realty 707-462-1600
$3,750,000 affordable loan icon Calculate Payment

4635 Renfro Drive Lakeport, CA 95453

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Single Family Residence
2 Beds
2 Baths
2,000 Sq. Ft.
45.57 Acre Lot

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Last updated on 11/21/2024 11:08 AM
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. Continue reading
MLS#
LC24175757
Property Type
Single Family
Status
Bedrooms
2
Bathrooms
2 Full
Year Built
1952
Square Feet
2,000 sq. ft
Lot Size
45.57
Stories
1.0
Sewer
Septic

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Listed by 707-433-8000 - Tom Larson - DRE #01057428 - Luxe Places International Realty 707-462-1600
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 11/21/2024 11:08 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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