274 County Road 1403 - 55 Lot Vineyard Community Development 73 Acres of Residential Land Offered at $1,587,500 in Lometa, TX 76853

approximately 73.5 acres of undeveloped land for $1,587,500. The subject development investment consists of 73.5 “view acres” sitting atop a mesa approx. 100’ above the adjacent Country Road 1403 in Lometa, TX, Lampasas County and is being proposed as a “vineyard community” development of 55 one-acre estate lots nestled within an area originally consisting of 123 acres that will be divided into two separate parcels. One of approximately 50 acres that has an operating winery and vineyard know as Stoneledge that was established in 2017. With the remaining 73± acres devoted to the vineyard community development. (The adjacent winery is also available –contact broker for information.) 100% mineral rights will transfer with the sale to the new owner. Seller financing with acceptable down payment.
Stoneledge Winery established in 2017 has won many medals for its viticultural excellence including a Platinum for its Malbec and Double Gold for its Sangiovese 2019
The winery & vineyard operation would compliment the vineyard community by managing and harvesting the community’s grapes that would be grown in small quantity on 60% to 75% of the estate lots (see page 21). The 1-acre lots would set aside approx. 300 SF to 500 SF for frontage micro-vineyards that would be purchased in bulk 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.
Ideal Age Restricted Development
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 58+vineyard estate lots (a 65% to 75% IRR return) the offering provides countless wealth generating and wealth preservation opportunities. Note: The development could actually pay for the winery and still leave a very nice profit.
Out of the wineries 50 acres, 11 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).