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1147 County Road 1110
Meridian, TX 76665

$4,200,000 USD

Land For Sale  •  158 AC

Property Details

  • Property Type Land
  • Lot Size 158 AC
0 Transit Score
0 Walk Score

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.

Highlights

65% to 75% IRR --Crazy Returns
Acceptable Down - Seller Carry 4-years
No Land Development Competition
Vineyard Community -- Only One in Texas
Vineyard Living without the Vineyard work
Adjacent to Actual Operating Winery & Vineyard !!!

Property Flyers

Public Transportation

AirportDriveWalkDistance
Waco Regional 66 min - 46.1 mi
David Fisher, CCIM 936-320-3737 Fisher Advisors
David Fisher, CCIM 936-320-3737 Fisher Advisors