$3,500,000 or available separately as follows:

Six Parcels (60.00 +/- acres) - $2,950,000 (1)
Seventh Parcel (11.20 +/- Acres) - $ 550,000 (1)

(1) Note: Each with a vineyard, home and well. The exception is Lot 18 which has a vineyard and home, but no water well. Water for this property is provided from the agricultural well on Lot 17.

71.20 +/- deeded acres, Paso Robles, California, County of San Luis Obispo

The subject property is located on Magdalena Drive approximately 3/4 of a mile east and about two miles southeast of the community of San Miguel. The property is accessed via a dirt and gravel easement road off River Road, about 1/4 mile north of Estrella Road.

The subject property consists of five contiguous 10 +/- acre lots (Lots 16-21) rectangular in shape that are located along the southerly side of Magdalena Drive and two single 10 +/- and 11 +/- acre lots (Lots 12 & 15), rectangular in shape, that abuts the property on opposite ends on the north side of the road. Each of these exclusive parcels are currently farmed as a single entity, premium varietal, and wine grape vineyard.

The vineyard is improved with seven residences, each of which is located on a 10 +/- acre lots. Each of the seven homes are currently rented and under contract at approximately $1,450-$1,650 +/- per month. Six of the seven rural-residential lots will be qualified for sale on an individual basis when the Land Conservation ("ag preserve") Contract, which is currently in non-renewal status, expires in less than two years in February 2013. At that time, each parcel will be eligible for the building of a main residence in addition to the existing caretaker structure. One main residence can be constructed now on the entire property in the interim while awaiting the expiration of the ag preserve contract. The seventh parcel, Lot 15, consisting of approximately 11.20 +/- acres, is not subject to an agricultural preserve contract and can be sold separately now.

The topography varies from gentle rolling to moderately rolling hillsides. The property has a southerly exposure, with elevations ranging from 680 +/- feet along the bottoms of the drainage swales to 820 +/- feet on the hilltops.

Water to the subject property is provided by six onsite wells, four domestic wells and two agricultural wells, one of which also serves a domestic purpose. The two agricultural wells are tied together via a mainline that runs under Magdalena Drive and provides water for all of the property owner's adjoining vineyards. There presently is no water well agreement in place between these parcels, which are held under the same ownership with the Seller. Each of the residences is served by a 5,000 +/- gallon fiberglass water tank and each has a fire hydrant hook-up to meet county and CDF standards and codes.

5+/- Ac Cabernet Franc; 15+/- Ac Chardonnay; 12+/- Ac Petite Sirah; 26+/- Ac Zinfandel and 5+/- Ac Cabernet Sauvignon

The majority of the vineyard is estimated to have been planted around 1979, with the owner planting additional acreage in 1996 and 1998.

The Subject Property is zoned AG (Agriculture).

The six 10 +/- acre parcels, Lots 16-19, 12 and 20 (60 +/- acres) are subject to an agricultural preserve land contract. A Notice of non-renewal of the Land Conservation Contract was recorded October 10, 2003. The expiration date of the contract is February 21, 2013. The agricultural preserve contract currently prevents the owner from selling off the underlying parcels and as a result these lots are considered a single, legal 60 +/- acre parcel until the contract expires in February of 2013.

The seventh parcel, Lot 15 (11.20 +/- acres) is not subject to an agricultural preserve land contract.

Major public utility companies in the area provide electrical and telephone services (above ground). Sewage waste disposal is provided by individual on-site septic systems. Gas is liquid propane gas provided by private vendors.

A.P.N. 027-231-023 (Lot-12) 10.00+/- acres
A.P.N. 027-261-004 (Lot-20) 10.00+/- acres
A.P.N. 027-261-002 (Lots 16-19) 40.00+/- acres
A.P.N. 027-231-016 (Lots 15) 11.20+/- acres
71.20+/- acres

Six Parcels (60.00 +/- acres)
2010-11 Property Taxes = $19,110.24
Seventh Parcel (11.20 +/- acres)
2010-11 Property Taxes = $ 3,930.90
Total 2010-11 Property Taxes = $23,041.14

The Seller of this property also owns a seventh parcel of approximately 11.2 acres, located contiguous to the northeast of this property and would consider selling it. This seventh parcel also has a residence and vineyard, but is not subject to the Ag Preserve contract.

MLS Entire Property (71.20 +/- acres)
MLS link for 11.20 +/- acres
MLS link for 60 +/- acres)
Brochure