Why You Don't Need Land For A Winery

Feb 27, 2019

(Forbes) - Last week a small patch of land went up for sale. Happens every day. But this happened to be the Cole Ranch AVA in Mendocino, Calif., a wine appellation that can be acquired in its entirety. Less than a quarter of a square mile (about 190 acres, of which 55 are planted to vineyard), it’s the smallest American Viticultural Area (AVA) in the country, and it can be yours for $3.3 million.

Fortuitously located between the Russian River and Anderson Valley—a prime cool-climate wine growing area—it comes with a good deal of provenance. Developed in 1971 by John Cole on the lands formerly occupied by a sheep ranch, it changed hands in 1999 to the Esterlina Vineyards & Winery. Though its output is miniscule, the grapes benefit from the unique microclimate in this tiny tucked-away valley that gives them a fresh streak of acid.

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