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    Santa Cruz Mountains Vineyard Estate Title is generated by Realmo AI

    18516 SKYLINE BLVD, Los Gatos, CA 95033

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    Organically farmed vineyard estate in the Santa Cruz Mountains AVA.

    Type:Business for Sale, Hospitality, Special Purpose
    Property size:
    871,000 SF
    Lot size:
    30.90 Acres
    Added:
    May 18, 2026
    Days on Market:
    16
    Last Refresh:
    May 20 at 4:54 am

    Property Features for 18516 SKYLINE BLVD

    General Information

    Standard status
    Active
    Size
    871,000 SF
    Lot size
    30.90 Acres
    Property subtype
    Business for Sale, Hospitality, Special Purpose

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Danielle Davenport
    Danielle Davenport

    Listing agent Danielle Davenport License #00954910

    Listing office Keller Williams Los Gatos

    Listing date May 18, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Los Gatos

    HighLights

    • Approximately 16 acres of organically farmed vines in the Santa Cruz Mountains AVA, ideal for boutique wine production.
    • Tuscany Revival farmhouse designed by renowned architect Thomas Bollay, offering luxurious finishes and inviting living spaces.
    • Professionally designed winery facility and infrastructure supporting ongoing production and future expansion.
    • Multiple wells, including a valuable artesian well, providing significant water resources.
    • Sweeping vineyard and countryside views from a private, fully fenced 30.9‑acre estate.
    • Conveniently located near Silicon Valley, offering privacy and natural beauty within reach of Bay Area business and cultural centers.

    Overview

    Located in the Santa Cruz Mountains AVA, Ascona Vineyards is set across approximately 30.9 gently rolling acres at approximately 2,400 feet in elevation. This wine country estate blends agricultural functionality with architectural elegance. Vineyard and countryside views frame approximately 16 acres of organically farmed vines planted with premium grape varietals, presenting an opportunity for boutique wine production, lifestyle ownership, or long-term legacy investment. The Tuscany Revival farmhouse, designed by Santa Barbara architect Thomas Bollay, evokes the warmth of a European vineyard retreat. The residence features luxurious finishes, inviting living spaces, and an effortless connection to the landscape. Designed for private enjoyment and commercial vineyard operations, the property is fully fenced and improved with a professionally designed winery facility, utility and storage buildings, and infrastructure supporting ongoing production and future expansion. The estate is supported by multiple wells, including an artesian well, providing water resources for vineyard operations and estate use. Positioned within one of California’s wine-growing regions, the property benefits from the climate, elevation, and terroir that define the Santa Cruz Mountains appellation. Located just outside Silicon Valley, Ascona Vineyards offers a combination of privacy, natural beauty, agricultural capability, and wine country living within reach of the Bay Area’s business and cultural centers. The property size is 871000 square feet.
    Location Intelligence

    Current Use by Public Records

    Rhizos Viticulture & Vineyard ... Agricultural Association

    Suggested Use

    HVAC Service Garden Center Electronics & Wireless Store Wine and Liquor Store Mobile Phone Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Gatos
    County
    Santa Cruz
    State
    California
    Longitude
    -122.0408648
    Latitude
    37.2006869

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    FAQs

    What type of property is this?
    Vineyard - Organically farmed vineyard estate in the Santa Cruz Mountains AVA.
    Where is this vineyard located?
    The property is located at 18516 SKYLINE BLVD Los Gatos, CA.
    What are key features of this property?
    This property features: Approximately 16 acres of organically farmed vines in the Santa Cruz Mountains AVA, ideal for boutique wine production.; Tuscany Revival farmhouse designed by renowned architect Thomas Bollay, offering luxurious finishes and inviting living spaces.; Professionally designed winery facility and infrastructure supporting ongoing production and future expansion.
    (408) 888-7794 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Danielle Davenport
    Danielle Davenport
    Real Estate License ID: 00954910
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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