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    Land

    0 Laurelwood District Ava Vineyard, Hillsboro, OR 97123

    60.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 60.5-acre property in Hillsboro, Oregon's Laurelwood District AVA presents a rare opportunity to acquire a working vineyard and farm. The estate includes a charming 1,680 sq ft farmhouse, completely remodeled in 2015, boasting 2 bedrooms, 1 bathroom, forced air heating and cooling, and a covered deck and porch. A second dwelling, a 660 sq ft cottage with 1 bedroom and 1 bathroom, provides additional living space or guest quarters. A substantial 2,400 sq ft workshop/wine storage building, with light-industrial zoning and a 960 sq ft lean-to, features temperature-controlled storage, a galley kitchen, office, and laundry facilities. This building was formerly a berry packing facility. The property also includes a unique "bank barn" built into the hillside, offering 24'x50' of shop space, a 16'x50' covered area, and a lower-level machine shed. The existing 9.8-acre vineyard (8.4 acres Pinot Noir, 1.4 acres Pinot Gris) offers immediate production, with an additional 20-22 acres suitable for further vineyard development. The property benefits from water rights from a neighboring reservoir, with irrigation lines already in place. Situated at an elevation of 700-900 feet, the vineyard enjoys a sunny east/northeast aspect and Laurelwood soils. Enjoy exceptional views and a peaceful, private setting bordering BLM forest land. This property is conveniently located near the metro area and a short drive from Newberg, offering numerous development possibilities, including a custom home, tasting room, or winery expansion. The asking price is $2,950,000. Zip code: 97123.

    Property profile
    Verified
    Property type Land
    Lot 60.5 ac (2,635,380 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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