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4540 E Highway 41

Paso Robles, CA 93446

PRICE REDUCED

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-$509,000 (-20.37%)

$1,990,000

List Price

7

bed Beds

4

shower Baths

4,380 sqft

straighten / sqft

1986

calendar_month Built

Property Description

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 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.

Listing Information

List Price $1,990,000
Status Active
MLS PI23231104
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1986
Lot Size 2,178,000
Structure Size 4,380
DOM 201
Courtesy Of Invest SLO
Listing Agent Abel Contreras DRE#02062620

Interior Features

Laundry Information
Location(s) Inside, Laundry Room
Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 4
Fireplace Information
Features Insert, Wood Burning Stove
Additional Information
Additional Features All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Multiple Primary Suites, Wine Cellar, Walk-In Closet(s)
Cooling Type
Cooling Type Central Air

Exterior Information

Other Structures
Structures Barn(s),Outbuilding,Storage,Workshop
Features Rear Porch, Concrete, Covered, Deck, Front Porch, Open, Patio, Porch, Terrace
View Yes

Maps

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Listing information courtesy of: Abel Contreras, Invest SLO . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 18th, 2024 at 5:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.