4635 Renfro Drive
Lakeport, CA 95453
2000 sqft | 2 beds | 2 baths | 45.57 acres | #LC24175757
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.
Property Details
- Property SubtypeSingleFamilyResidence
- Utility FeaturesElectricityConnected
- School DistrictKelseyville Unified
- Sewer InformationEngineeredSeptic
- Original List Price$3,750,000
- MLS #LC24175757
- MLS #LC24175757
- ViewVineyard
- Property TypePurchase
- Cost3750000
- Lot DescriptionLevel
- Acres45.57
- Structure TypeHouse
- Square Feet2000
- Year Built1952
- Utility SourceWell
- CountyLake
- Bedrooms2
- Bathrooms2
- Full Baths2
- Stories1
- Parking Spaces2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Tom Larson (#LC3645006)
Listing Office: Luxe Places International Realty (#LCluxeplaces)
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