NOT LISTED FOR SALE
1,181.21 Acres
-- Price per Acre
51,453,500 Sq Ft Lot

Sale Details

Date Sold: September 10, 2020

Last sale price $11,500,000

384 Days on Market

Highlights

  • 1,181.21 Acre Lot
  • No HOA
  • Agricultural
  • Vineyard View

About This Lot

As of September 2020

Ideal for discerning leaders with vision, Joseph Vineyard is a rare opportunity to dream bigger. Found in breathtakingly
scenic Southern Monterey County, the coveted ranch property consists of nearly 1,200 acres. Rows upon rows of
high-yield Chardonnay, Cabernet Sauvignon, and Merlot (421 acres) stretch generously across the ranch along with
100+ plantable acres and an abundant water supply (9 wells and 2 reservoirs). Located only 4 miles west of Highway
101 near Lake Nacimiento, the lush natural paradise features a winding creek and friendly neighbors in the form of elk.
As insiders attest, the Monterey AVA wine region offers relatively lower input costs and greater potential to scale brands
with higher gross margins. At Joseph Vineyard, the all-encompassing vineyard offers straightforward farming with a
strong production history averaging 7.82 tons per acre, sold for $1,300+ per ton. These grapes produce wine for the
trending premium wine segment, making the property an outstanding opportunity to expand or tap into the increasingly
popular premium wine sector. The ranch also includes an expansive shop, equipment barn, and three sizeable modular
homes; an added convenience for housing a ranch manager or vineyard team on-site.
Between its appealing size, high historic yields, and ample water resources, Joseph Vineyard is truly a California
treasure perfect for growing a winegrape legacy. Video:https://www.youtube.com/watch?v=Zm5ebbGAb80

Last Agent to Sell the Property

Jenny Heinzen

Vineyard Professional Real Estate License #01436553 Listed on: 05/28/2019

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Property Type

  • Land

Lot Details

  • 1,181.21 Acre Lot
  • Rural Setting
  • Property is zoned F40, PG40

Additional Features

  • Vineyard Views
  • Agricultural
  • Agricultural Well Water Source

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Tract Number 114
  • Assessor Parcel Number 424091016000

Property Details

Property Type

Land

Lot Details

1,181.21 Acres

Listing Details

  • Improvements: 421 acres of wine grapes. 9 Ag wells & 2 reservoirs. Drip and overhead sprinkler systems. Equipment barn, large shop and 3 modular homes.
  • View: Yes
  • Zoning: F40, PG40
  • Property Type: Land
  • Parcel Number: 424091016000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 0.22

Exterior Features

  • View: Vineyard

Utilities

  • Water Source: Agricultural Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Agricultural - Vine/Vineyard
  • Lot Size Sq Ft: 51453507.60
  • Lot Size Acres: 1181.2100

Multi Family

  • Lot Size Area: 1181.2100 Acres

Tax Info

  • Tax Tract Number: 114.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Sep 7, 2020
Sold by
Joseph Vineyard Estates Llc
Bought by
Nbinv Ap8 Llc
Seller's Agent
Jenny Heinzen
Vineyard Professional Real Estate
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$19,500,000
Sold Price
$11,500,000
Premium/Discount to List
-$8,000,000
-41.03%

Purchase Details

Closed on
Nov 8, 2001
Sold by
Lavelle Lee Vincent
Bought by
Lavelle Lee Vincent and Lavelle Laurette Marie

Purchase Details

Closed on
Nov 7, 2001
Sold by
Lavelle Lee Vincent
Bought by
Lavelle Lee Vincent and Layous Patricia Ann

Purchase Details

Closed on
Jul 3, 2001
Sold by
Lavelle Lee Vincent
Bought by
Lavelle Lee Vincent and Lavelle Laurette Marie
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Nbinv Ap8 Llc $11,500,000 First American Title Company
Lavelle Lee Vincent -- --
Lavelle Lee Vincent -- --
Lavelle Lee Vincent -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2020 09/10/20 Sold $11,500,000 -25.8% --
01/15/2020 01/15/20 Price Changed $15,500,000 -20.5% --
05/28/2019 05/28/19 For Sale $19,500,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $106,045 $8,605,689 $3,665,798 $4,939,891
2024 $106,045 $8,420,667 $3,593,920 $4,826,747
2023 $104,976 $8,064,380 $3,523,451 $4,540,929
2022 $99,329 $7,906,256 $3,454,364 $4,451,892
2021 $95,431 $7,751,232 $3,386,632 $4,364,600
2020 $63,576 $4,754,379 $1,229,295 $3,525,084
2019 $62,339 $4,676,256 $1,205,192 $3,471,064
2018 $59,852 $4,750,248 $1,199,744 $3,550,504
2017 $59,177 $4,674,943 $1,176,220 $3,498,723
2016 $57,481 $4,603,462 $1,153,157 $3,450,305
2015 $55,807 $4,543,132 $1,135,836 $3,407,296
2014 $55,338 $4,465,255 $1,113,587 $3,351,668
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS19123736

California Regional Multiple Listing Service (CRMLS)

APN: 424-091-016-000

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