Have you dreamed of owning your Own Napa Valley Vineyard?
Have you ever dreamed of owning a vineyard in the Napa Valley? Does the thought of waking up and walking through rows of Cabernet Sauvignon vines make you happy? If so, now seems to be the perfect time to buy. There are quite a few Napa Valley Vineyards on the market that seem to be moving slowly and are ripe for the picking.
Although the price tags are borderline ridiculous, there are tangible benefits to buying existing vineyards over developing new ones. The permits and Environmental Impact Reports, coupled with development costs make developing vineyards an overly difficult ordeal. If you have the money, buying a producing vineyard is probably the best way to go.
Broker Steve Gregory of Morgan Lane in Napa said, “It takes a long time and a huge bureaucratic hassle to get approvals for a winery, and if your vineyard has a slope over 5%, it takes a $100,000 environmental impact plan and 3 years to get approval.”
It is not a surprise that many aspiring vintners are buying developed properties rather than dealing with the hassle. But there seems to be a dip in the market, as buyers are turning their heads to properties that were historically bought very quickly. Chuck Sawday, of Pacific Union real estate said, “There’s not much urgency among buyers. Even if you reduce prices, there’s not much action.”
Prominent Napa Valley Vineyard listings include:
- Waters Ranch: A 22 acre estate in the Atlas Peak AVA owned by Jayson Pahlmeyer. Price tag: $28.5 million.
- Pillar Rock Vineyards: A 114 acre estate in the Stags Leap AVA owned by Ron and Teri Kuhn. Price tag: $19.5 million.
- Unnamed property: 40 acre vineyard that just received a mid-90 score from Robert Parker for its first wine. Price tag: $21 million
- Twin Creeks Vineyard: A 120 acre vineyard in Wooden Valley. Price tag: $12.5 million.
Anyone who truly loves wine would love to have their own vineyard in the Napa Valley. However, as you can see by the above price tags, it’s not cheap. For those who can afford it, now is a perfect time to quit your day job and start living your dream as a vintner in the Napa Valley.