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09.24.2007  
 

2000-Acre Kirkland Ranch for Sale

Mountainous south Napa County property is rare offering

 
by Paul Franson
 
 
2000-Acre Kirkland Ranch for Sale
Southerly View
 
Napa, Calif. -- More than 2,000 acres of the huge Kirkland Ranch in southern Napa County is for sale. It includes what may be the last large parcels to become available for vineyards--or development--close to Napa and its popular private airport.

On the market are four close-in parcels of the cattle ranch north of Jamieson Canyon Road, extending north to Syar Industries and Napa State Hospital land and almost to the Tuteur property adjoining Skyline Park.

Though mountainous, all are in the valuable Napa Valley American Viticultural Area. The four parcels (which could be subdivided into legal parcels of 160 acres each) total more than 2,000 acres. All would be eligible for wineries as well as estate homes.

Two of the parcels are just north of heavily traveled Jamieson Canyon Road, and fairly accessible. They're listed for $17 million each. The other two parcels are north of them--far from public roads, but the seller would surely grant easements. The two are bundled for $20 million. (A 20-acre parcel extends into Solano County).

2000-Acre Kirkland Ranch for Sale
Kirkland Ranch
The total price for the four parcels is $54 million. Steve Gregory of Morgan Lane real estate company is marketing the property with Rob Nicholson of International Wine Associates of Healdsburg.

A survey by Crop Care & Associates suggest they include more than 950 plantable acres (under 30% slope), a huge amount in Napa Valley, where about 45,000 acres are now planted and there's not much more available for grapevines. Crop Care also plotted the aspects of the slopes, which include all directions.

Mike Jordan of Associated Services Appraisal Partners estimates the value of the southern vineyards at $60,000 to $70,000 per acre. The less-accessible land is priced at $20,000 per acre for the 1,000 acres.

The property adjoins producing vineyards. Much of the land is mountainous but close to San Pablo Bay, and thus cooler than land farther north in Napa Valley. Chardonnay and other cool-climate varieties are planted in the vicinity.

This Kirkland Ranch property doesn't include the Kirkland Winery, an exceptional custom-crush facility, and its adjoining substantial property. Those are also for sale separately.

Gregory figures he has 33 vineyards and wineries altogether in his inventory totaling $200 million--he says that's 70% of the available vineyard inventory in Napa County. Find more information at stevegregorynapa.com.
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