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
Price:
$3,750,000
MLS #:
LC24175757
Status:
Active
Beds:
2
Baths:
2
Address:
4635 Renfro Drive
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
lclpslakeportsouth
City:
Lakeport
Listed Date:
Jul 31, 2024
State:
CA
Finished Sq Ft:
2,000
ZIP:
95453
Lot Size:
1,985,029 sqft / 45.57 acres (approx)
Year Built:
1952
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Schools
Interior
Cooling
Central Air
Fireplace Features
Living Room
Heating
Central
Exterior
Community Features
Lake
Electric
220 Volts in Laundry
Garage Spaces
2.00
Lot Features
Level
Parking Features
Garage
Parking Spots
2.00
Pool Features
None
Sewer
Engineered Septic
Stories Total
1
View
Vineyard
Water Source
Well
Financial
Association Fee
0.00
Utilities
Electricity Connected
Map
Community
- Address4635 Renfro Drive Lakeport CA
- AreaLCLPS – Lakeport South
- CityLakeport
- CountyLake
- Zip Code95453
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Courtesy of Luxe Places International Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
4635 Renfro Drive
Lakeport, CA
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