4540 Shandon Hwy, Paso Robles, CA 93446

1 Unit Apartment Building Offered at $2,499,000 in Paso Robles, CA 93446

Date Added:
September 16, 2024
Days on Market:
13 days

Asking Price $2,499,000

Property Type
Multifamily
Square Feet
2,178,000 SF

Listing Contacts

Abel Contreras
Abel Contreras
Verified Profile
  • Property Info

Property Overview

Welcome to Madison Cellars Vineyards, a premier vineyard estate located in the heart of the Paso Robles appellation, "The new Napa" of wine country. The property is conveniently situated just 15 minutes from downtown Paso and Atascadero, and a 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 leasing 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 also presents lucrative income opportunities through a short-term vacation rental license, with estimated earnings ranging from $10,000 to $20,000 per month. An additional income stream is provided by renting out the spacious main residence and a 2-bedroom mobile home for $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 viticultural excellence and the opportunity to own a piece of Paso Robles' wine legacy.

Property Details

Year Built
1996
Stories
1
Lot Size (sq. ft)
2,177,564 SF
Units
1

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