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48453 Lonoak Road, King City, CA 93930

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For Sale

$22,000,000

Estimated Payment

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APR for 30 years

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Located in the heart of Monterey County in King City, lies the 743 ± acre Reynold Land and Cattle Co. Farmland. Comprising of 743 ± acres, the farm boasts 552.60 acres of highly productive, level Class I & II soils, ideal for a wide range of row crops. Currently farmed in leafy greens, the irrigated acreage is supported by a developed irrigation system including two high-production wells and retention ponds with an income-producing lease in place with a large local agricultural cooperative, providing reliable annual revenue. The soil quality, water availability, mild Mediterranean climate, and existing infrastructure offer significant flexibility for future crop rotations or diversified production. Utilities are also in place, making this farmland fully equipped for ongoing agricultural or other diversified can be sold three ways:1.) Both Farm & Ranch; $30,700,000 2.) Farm; $22,000,000 3.) Ranch; $8,700,000 PROPERTY HIGHLIGHTS:·       743.96 ± acres in the Farm section·       552.60 ± acres of Class I & II irrigated soils-   40 of those acres are certified organic production·       Leased for leafy greens - steady income·       Developed irrigation system including two high-production wells and retention ponds
MLS# 11556006

Courtesy Of California Outdoor Properties

(707) 455-4444

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Directions to 48453 Lonoak Road, King City, CA 93930

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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