8951 Hwy 175, Kelseyville, CA 95451 - For Sale

Red Hills Vineyard If you are looking for vineyards in the Red Hills then this could be a great opportunity. This is one parcel with two separate APN's and two addresses 8951 and 8971. The home and shop sits on approx. 1/2 acre. The second parcel is approx 17.4 acres planted in Cabernet. The 17 acre parcel was planted by Beringer (now Treasury Wine Estates) and was originally under a 30 year lease. There are 14 years remaining on the lease. T.W.E. presently pays $15,312 per year on the lease plus they pay the taxes on that parcel of approx $4700 per year. At the end of the lease the vines become the property of the owner or could extend the lease if both parties agree. The home is in great shape. The tax assessor has the sq ft at 1060, seller says the back porch/laundry area was added years ago so sq ft is approx. 1230. There is also a shop that is approx 27x30. The home has a 2 year old roof plus monitor heater and swamp cooler. The sellers are installing a new propane stove and a new refrigerator. Some of the furniture can also be included. This is a great opportunity for some one to live in the home while receiving approx $20,000 total compensation for the 17 acres and ending up with a producing vineyard at the end of the lease.