48453 Lonoak Road

Property facts

Price

$20,900,000

Status

For sale

Property type

Farm & ranch

Lot size

744 acres

County

Monterey County

MLS #

11556006

Description

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; $29,165,000, 2.) Ranch; $8,265,000, 3.) Farm; $20,900,000

Supplied by the listing agent and shown without edit.

Check these yourself before you buy

None of these can be settled by a listing description. Each one names who can answer it.

• Boundaries and cornersAsk: a licensed surveyor, not a listing map or a phone app
• Legal accessAsk: a title company, plus the county recorder for recorded easements
• Zoning and permitted usesAsk: the county planning department, in writing
• Building permission and septic feasibilityAsk: county building and environmental health
• Utilities and the cost to connectAsk: the serving electric and water utilities, by parcel
• Water rights and well permitsAsk: the state water authority
• Flood and wetland exposureAsk: FEMA flood maps, and a wetlands delineation where relevant
• Easements and encumbrancesAsk: a full title report, not a preliminary summary
• Taxes and assessmentsAsk: the county assessor and treasurer
• FinancingAsk: a lender that actually writes raw land loans

General information, not legal, engineering or financial advice.