Lake Home For Sale
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
- Beds: 2
- Baths: 2.0
- Sq Feet: 2000
- Year Built: 0
- Location: Clear Lake
- Acres: 45.570
- County: Lake County
- Heat/AC: Central Furnace
- Garage: Garage
- Roof:
- Stories: 1
- MLS #: 324065895
Location
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Listing Agent: Tom Larson, Full Spectrum Properties, Inc., 707-433-2000, 707-433-2000 Listing Site, Listing Status: Active
Copyright © 2024 Bay Area Real Estate Information Services, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 5293627 |
| Viewed: | 22 times |
| Added: | Aug 28, 2024 |
| Updated on: | Aug 28, 2024 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
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