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PROPERTY
PROFILE:
Magdalena Vineyard, 60 +/- Acres, Six Legal Parcels
Magdalena Drive, San Miguel, CA
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| Price:
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$4,500,000
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| Location: |
The Subject Property is located on Magdalena Drive approximately ¾ 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 ¼ mile north of Estrella Road.
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Description: |
The property is irregular in shape and consists of five contiguous 10-acre parcels south and one 10-acre lot located on the north side of Magdalena Drive. Each of these exclusive parcels is currently farmed by a single entity to a premium wine grape vineyard.
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Improvements: |
The vineyard is improved with six caretaker homes, each of which is located on a separate 10-acre parcel. The six rural-residential lots will be eligible to sell on an individual basis when the Land Conservation ("ag preserve") Contract, which is currently in non-renewal status, expires in 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 property in the interim while awaiting the expiration of the ag preserve contract.
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| Topography: |
The topography varies from gentle rolling to moderately rolling hillsides. The parcel has a southerly exposure, with elevations ranging from 680 feet along the bottoms of the drainage swales to 820 feet on the hilltops.
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| Water: |
Water to the Subject Property is provided by six onsite wells: four new domestic wells and two agricultural wells, one of which also serves a domestic purpose. Each of the residences is served by a 5,000 gallon fiberglass water tank and each has a fire hydrant hookup to meet county and CDF standards and codes.
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| Vineyard Planting: |
5 +/- Ac Cabernet Franc; 15 +/- Ac Chardonnay; 12 +/- Ac Petite Sirah; 21 +/- Ac Zinfandel
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| Zoning: |
The Subject Property is zoned AG (Agriculture).
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| Ag Preserve: |
The Subject Property is subject to an Agricultural Preserve land contract. A Notice of Non-Renewal of the Land Conservation Contract was recorded on October 10, 2003. The expiration date of the contract is February 21, 2013.
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| Utilities: |
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.
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| Assessor's Data: |
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
60.00 +/- acres
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| Property Tax: |
Total 2006-07 Property Taxes = $14,149.16
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| Adjacent Parcel: |
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.
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| Links: |
Listing Information
Brochure
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