$4,699,000
$596K PRICE DROP

53582 Falcon Rd Olathe, CO 81425

Estimated payment $27,150/month

Total Views 4,387
8 Beds
12 Baths
41,840 Sq Ft
$112 Price per Sq Ft

About This Home

Berkeley Estate Cellars - A Premier Colorado Vineyard, Winery, Farm, & Guest Homes Property
Welcome to Berkeley Estate Cellars, an extraordinary 276-acre income-producing property that blends luxury living, agricultural excellence, and unmatched potential. Nestled in a quiet country setting adjacent to BLM public lands, this estate offers remarkable residential improvements, expansive vineyards, a state-of-the-art winery, and a wealth of fertile farmland. Conveniently located within 20 minutes of Montrose Regional Airport and nearby amenities, this property provides the perfect balance of privacy, beauty, and accessibility.

Key Assets of Berkeley Estate Cellars
218 total acres encompassing vineyards, farmland, and residential spaces.
Four guest homes (built in 2021) designed for short-term rental success.
7,475 sq. ft. winery building with tasting room, bar, and production facilities.
11,510 sq. ft. insulated shop building with offices and concrete floors.
4,092 sq. ft. equipment shed for farm operations.
12,000 sq. ft. greenhouse for produce or seedling cultivation.
120 irrigated acres with 109.6 shares of UVWUA water rights.
Impressive vineyards totaling over 30 acres.
Proximity to public lands with BLM adjacency for privacy and recreation.
Residential Improvements
The estate features four custom-built guest homes, each constructed in 2021 by Kuboske Construction. These 2-bedroom, 2-bathroom homes (ranging from 1,188 to 1,242 sq. ft.) boast modern finishes, mini-split heating and cooling systems, individual septic systems, and private hot tubs. Situated on the southern 40 acres of the property, the homes have their own dedicated access via a picturesque bridge over the UVWUA canal. These homes have proven to be successful short-term rental investments.
Winery Building and Vineyards
The winery building is the heart of the estate, spanning 7,475 sq. ft. It includes a large bar and tasting room, two bathrooms, and over 5,000 sq. ft. of warehouse space for wine production and storage. A supplemental geothermal system ensures energy efficiency for the facility. Surrounding the winery are 30+ acres of vineyards, with parcels distributed across the property for optimized production.

Vineyard Varieties include: Chardonnay, Pinot Gris, Riesling, Gewurztraminer, Table Grapes, Merlot, Cabernet Sauvignon, Marquette, Frontenac Gris, Petit Pearl, Dornfelder, Lemberger, and Baco Noir.
Farm and Ranch Operations
The estate includes approximately 120 irrigated acres supported by 134 shares of UVWUA water rights. This fertile farmland has been utilized for crops such as corn, winter wheat, beans, and hemp, with a proven track record of success. Farm operations are anchored by an 11,510 sq. ft. insulated shop building with office space and a two-story deck, as well as a 4,092 sq. ft. equipment shed. A 12,000 sq. ft. greenhouse in the southern section of the ranch has been used for produce and hemp seedling production.
Additional Land Parcels40-acre parcel bordering BLM land on two sides, offering potential for vineyard restoration or quiet country home sites.

Berkeley Estate Cellars is a rare opportunity to own an income-producing property with diverse uses, stunning improvements, and unmatched natural beauty. Whether as a turnkey business, luxury retreat, or both, this estate is a must-see for discerning buyers.

Listing Agent

Gary Hubbell

United Country Colorado Brokers, Inc. Listed on: 02/04/2025

Listing Provided By

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,775

Lot Details

  • Current uses include row crop, vineyard
  • Potential uses include vineyard

Bedrooms and Bathrooms

  • 8 Bedrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,775

Lot Details

0

Listing Details

  • Bedrooms: Beds: 8
  • BathsCombined: 8
  • Office Phone: 970-710-4135
  • Listing Website: https://www.land.com/property/218-acres-in-montrose-county-colorado/22553899/
  • Property Type: Residential
  • Property Sub-Type: Single-family Detached
  • Offered By: LandNetwork
  • Potential Use: Vineyard
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No
  • Full Bathrooms: 8
  • Half Bathrooms: 4

Lot Info

  • Current Use: Row Crop, Vineyard
  • Lot Description: Industrial

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,775 $196,570 $6,660 $189,910
2023 $12,853 $204,190 $6,800 $197,390
2022 $9,763 $155,100 $5,750 $149,350
2021 $9,827 $155,380 $6,030 $149,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $2,600,000 -44.7% $74 / Sq Ft
05/28/2025 05/28/25 Price Changed $4,699,000 +161.1% $112 / Sq Ft
02/06/2025 02/06/25 For Sale $1,800,000 -66.0% $51 / Sq Ft
02/04/2025 02/04/25 For Sale $5,295,000 +489.0% $127 / Sq Ft
06/12/2019 06/12/19 Sold $899,000 0.0% $103 / Sq Ft
05/27/2019 05/27/19 Pending -- -- --
08/28/2018 08/28/18 For Sale $899,000 -- $103 / Sq Ft

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Land Title Guarantee
Source: Public Records