For the past few months, I've noticed a large vineyard on Rancho California Road that seemed to be a bit neglected. The vines are growing quite nicely, but the acreage is marred by weeds and tall grass.
Today, the property was lined with "Private Auction" signs along its frontage, and one giant sign on the corner. So, of course, I rushed home and looked it up.
Here is your chance to own your very own producing vineyard. I find it interesting that, in the "Harvest Information", it reports 2004-2005 "retail value" production of over $8,600,000, but there is no expense information of how much it costs to make all that wine.
By the way, the pictures on the auction site look nothing like the real property (surprise!). I guess that's why an inspection is always wise before forking over your 10% down after the 7% commission fees are tacked on to the sale price.
Oh, and, if you'd like some property out here, you may want to compare the cost of a "producing vineyard" with that of just plain land.
About Me
- Carol
- Whine Country Temecula
- Juggling one husband, seven children, twenty-four chickens, three dogs, two rentals, and one business . . . while trying to find the time to write about it all.