27
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$3,750,000
Est. payment /mo
2 Beds
2 Baths
2,000 SqFt
Active
4635 Renfro Drive Lakeport, CA 95453
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Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,875
MLS Listing ID LC24175757
Bedrooms 2
Full Baths 2
Year Built 1952
Property Sub-Type Detached
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
Zoning APZ
Direction Highway 29 north on the Renfro Drive, property is on the west hand side
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplaces Type FP in Living Room
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 2.0
Utilities Available Electricity Connected
View Y/N Yes
Water Access Desc Well
View Vineyard
Building
Story 1
Sewer Engineered Septic
Water Well
Level or Stories 1
Others
Tax ID 008036320000
Special Listing Condition Standard
Listed by Tom Larson Luxe Places International Realty
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