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1147 County Road 1110 - Vineyards at Meridian - 150 Lot Development 158 Acres of Residential Land Offered at $5,862,864 CAD in Meridian, TX 76665
INVESTMENT HIGHLIGHTS
- 65% to 75% IRR --Crazy Returns
- No Land Development Competition
- Vineyard Living without the Vineyard work
- Acceptable Down - Seller Carry 4-years
- Vineyard Community -- Only One in Texas
- Adjacent to Actual Operating Winery & Vineyard !!!
EXECUTIVE SUMMARY
Owner’s decision to retire has created an opportunity uniquely intrinsic to this offering. Whether you intend to enhance and expand the existing wine business and capitalize on a potential 44% IRR upside, or develop the additional land and sell 150-vineyard estate lots (a 65% to 75% IRR return) the offering provides countless wealth generating and wealth preservation opportunities. Seller financing with acceptable down payment.
Out of the wineries 42 acres, 40 have been cultivated as a vineyard that historically produces 20 to 30-tons of premium grapes annually. There are seven different varieties with two “noble” i.e., Tempranillo, Syrah, Tannat, Touriga Nacional, Zinfandel, and Black Spanish (Lenoir).
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $5,862,864 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 158.00 AC |
| Property Type | Land |
| Price | $5,862,864 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 158.00 AC |
1 LOT AVAILABLE
Lot
| Price | $5,862,864 CAD | Lot Size | 158.00 AC |
| Price Per AC | $37,106.74 CAD |
| Price | $5,862,864 CAD |
| Price Per AC | $37,106.74 CAD |
| Lot Size | 158.00 AC |
The $4,200,000 subject is a proposed 158-acre “vineyard community” development of 150 one-acre estate lots nestled within 200-acres that has an operating winery and vineyard established in 2003 known as the Red Caboose Winery & Vineyard. The adjacent
DESCRIPTION
100% ownership interest. The $4,200,000 subject investment is a proposed 158-acre “vineyard community” development of 150 one-acre estate lots nestled within an original 200-acre parcel. The 200 acres would be split into two separate parcels, one at approx. 42-acres that has an operating winery and vineyard established in 2003 known as the Red Caboose Winery & Vineyard. And a second parcel of approximately 158-acres which is the subject of this investment proposal. The adjacent winery and vineyard sits on 42 acres that are also available –contact broker for information. 50% mineral rights will transfer to the new owner with the purchase. Ideal Age Restricted Development The existing winery & vineyard operation would compliment the vineyard community by managing and harvesting the community’s grapes that would be grown in small quantity on 70% of the estate lots. The 1-acre lots would set aside approx. 300 SF to 500 SF along a front area of the lot to accommodate a micro-vineyard. Grapes from the small micro-vineyards would be maintained, harvested, and purchased in bulk from the HOA by the winery which would help in keeping HOA costs low. The property is noted for its wonderful wildlife, exceptional views and stunning oak tree canopy.
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1147 County Road 1110 - Vineyards at Meridian - 150 Lot Development
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