UPDATED:
10/10/2024 11:39 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,380 sqft
Price per Sqft $454
MLS Listing ID PI23231104
Bedrooms 7
Full Baths 3
Half Baths 1
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1986
Lot Size 50.000 Acres
Property Description
country. The property is situated just 15 minutes from downtown Paso and Atascadero and 35 minutes from SLO. Nestled within
this renowned wine region, the estate boasts a fully remodeled main residence. The 3,024 square foot single-level ranch home offers modern
comforts and an expansive garage that presents possibilities, from viticulture storage to potential conversion ADU. Spanning 50 acres, Madison
Cellars Vineyards is not only expansive but also meticulously cultivated. The vineyard covers 28 acres, all benefiting from precise 6x10 spacing,
efficient drip irrigation, and either double or unilateral cordon training at 36 inches. The property is safeguarded by a deer fence, ensuring the
protection of the vines. The vineyard has a history of producing award-winning and critically acclaimed wines, with past vintages consistently
scoring between 89 and 93 points. The diverse plantings include 7 acres of Merlot, 6 acres of Cab, 1 acre each of Cab Franc and Petite Verdot, 9
acres of Syrah, 2 acres of Mourvedre, and 2 acres of Viognier. These vines are professionally managed with ZERO OWNER responsibilities and
generate a passive income of $40,000 annually through vine production at $1,350 per acre. Additionally, the estate features a small winery building
that could be re-bonded into a tasting room. With the potential for subdivision, the new owner could build up to four homes, offering flexibility for
future development or personalization. Madison Cellars Vineyards offers lucrative income opportunities, generating substantial income through a short-term vacation rental. The main residence serves as a short-term rental, boasting estimated earnings from $10,000 to $20,000 per month. Additionally, the 2-bedroom, 1-bath mobile home offers an additional revenue stream with rent at $900 per month. The estate is well-equipped with a robust irrigation system delivering over 500 gallons per minute consistently for two decades. To meet all operational needs, the property is serviced with both 3-phase and 2-phase power sources. This exceptional vineyard estate is not just a home but a luxurious lifestyle investment in one of California's most sought-after wine regions. Madison Cellars Vineyards invites discerning buyers to embrace the epitome of viticulture and the opportunity to own a piece of Paso Robles' wine legacy.
Location
State CA
County San Luis Obispo
Area Prne - Pr North 46-East 101
Zoning AG
Rooms
Other Rooms Barn(s), Outbuilding, Storage, Workshop
Main Level Bedrooms 5
Interior
Interior Features All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Multiple Primary Suites, Wine Cellar, Walk-In Closet(s)
Heating Central
Cooling Central Air
Fireplaces Type Insert, Wood Burning Stove
Inclusions wine equipment - can be sold fully furnished.
Fireplace Yes
Laundry Inside, Laundry Room
Exterior
Garage Asphalt, Covered, Driveway, Garage, Guest, Gated, On Site, Paved, RV Hook-Ups, RV Potential, RV Access/Parking, Garage Faces Side
Garage Spaces 4.0
Garage Description 4.0
Fence Chain Link, Excellent Condition, Wire
Pool None
Community Features Horse Trails, Suburban
View Y/N Yes
View Hills, Vineyard
Porch Rear Porch, Concrete, Covered, Deck, Front Porch, Open, Patio, Porch, Terrace
Parking Type Asphalt, Covered, Driveway, Garage, Guest, Gated, On Site, Paved, RV Hook-Ups, RV Potential, RV Access/Parking, Garage Faces Side
Attached Garage No
Total Parking Spaces 24
Private Pool No
Building
Lot Description Agricultural, Horse Property, Lawn, Lot Over 40000 Sqft, Landscaped, Rectangular Lot, Rolling Slope, Ranch, Sprinkler System, Value In Land, Yard
Dwelling Type House
Story 1
Entry Level One
Foundation Slab
Sewer Septic Tank
Water Well
Architectural Style Ranch
Level or Stories One
Additional Building Barn(s), Outbuilding, Storage, Workshop
New Construction No
Construction Status Updated/Remodeled,Turnkey
Schools
School District Paso Robles Joint Unified
Others
Senior Community No
Tax ID 042211009
Acceptable Financing Cash, Conventional
Horse Property Yes
Horse Feature Riding Trail
Listing Terms Cash, Conventional
Special Listing Condition Standard
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