4635 Renfro Drive
Lakeport, CA 95453
Active for $3,750,000
Beds: 2 Baths: 2 Structure Size: 2,000 sqft Lot Size: 1,985,029 sqft
| MLS | LC24175757 |
| Year Built | 1952 |
| Property Type | Single Family Residence |
| County | Lake |
| Status | Active |
| Active | $3,750,000 |
| Structure Size | 2,000 sqft |
| Lot Size | 1,985,029 sqft |
| Beds | 2 |
| Baths | 2 |
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.
Listing information courtesy of: Tom Larson, Luxe Places International Realty . *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Jose Florentino
REALTOR®
Direct: 626.653.6308
Email: Email Me
DRE: 02220657
DRE #01873088
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