SOURCE: Albert Burney Auction Company

Albert Burney Auction Company

August 11, 2009 12:54 ET

Ranch With Citrus Grove and Vineyard to Sell at Auction

CARMEL, CA--(Marketwire - August 11, 2009) - Sage Ridge Ranch, a 104-acre ranch with its own citrus grove and vineyard overlooking the Carmel Valley, will sell at auction Saturday, Sept. 19, with Albert Burney Auction Company managing the sale.

"The property appraised at $2.8 million and a similar ranch next door sold recently for $2.65 million, but our seller will sell it with a published reserve of only $999,000. It will go to the highest bidder at or above that amount," said Warren Ward, president of the company.

The ranch is part of the Village Ranches gated community approximately 13 miles from Carmel and one mile from Carmel Valley Village. The organic citrus grove grows Lisbon Lemon, Bearss Lime, Meyer Lemon, Satsuma Mandarin and Rangpur Lime. The vineyard currently grows Zinfandel grapes that will be ready for winemaking this season.

Owner Lin Eldridge, who lives in Carlsbad, said he has used the property as a weekend escape.

"It's close enough to Carmel Valley Village, Carmel and San Francisco that someone can just drive out and enjoy it for the day. In fact, it's close enough that someone could have stables and keep horses there without having to build a house," said Eldridge. The property is fenced and cross fenced and has watering troughs fed by well water in all six pastures.

But for someone who wishes to build, approved plans for a Tuscan villa will be included in the sale, according to Ward.

"Lin has done a great job with the orchard and vineyard, and he's established a local clientele of restaurants for the citrus," said Ward.

Individuals interested in additional information about the auction may contact Albert Burney Auction Company at 800-434-1654 or visit the company's web site at www.albertburney.com.

Albert Burney, headquartered in Gadsden, Ala., is a leading auctioneer of luxury homes, ranches, land and other high-end properties. Recent sales include a home site in Santa Lucia Preserve, a ranch in Soledad and Kern River Golden Trout Resort in Kernville.

Contact Information

  • For more information:
    Carl Carter
    205 823-3273