$3,750,000
- Beds
- 2
- Baths
- 2.0
- sq ft
- 2,000
4635 Renfro Dr, Lakeport, CA 95453
4635 Renfro Dr
Lakeport, CA 95453
- 94 days on market
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.
Details
Property type
Single Family Residence
Lot size
45.57 acres
Price per sq ft
$1,875
Year built
Unknown
Price History
08/23/2024
BAREIS #324065895
Listed
$3,750,000
+477.81%
06/05/2017
CRMLS #LC17093489
Sold
$649,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 11/25/2024 at 1:55 AM
Listing updated: 08/27/2024 at 8:12 AM
Listed by: Tom Larson, Luxe Places International RealtyLuxe Places International Realty
MLS: BAREIS #324065895
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