Mendocino County ranch sold for over $6 million
A 1,745-acre ranch in Redwood Valley has sold at auction for more than $6 million, a Miami-based auction house announced Thursday.
The buyer’s name and the exact sale price of the East Ranch weren’t disclosed, but the winning bid more than doubled the $3 million minimum, Platinum Luxury Auction said in a press release.
“The buyer of the property is reported to be an experienced real estate developer from the San Francisco area, who intends to use the ranch as a weekend retreat for his family,” the release stated.
Platinum last month announced the Sept. 17 auction for the Mendocino County ranch, which features a 7,500-square-foot residence and up to 75 acres of land suited for wine grapes.
The property previously was listed at $8 million, but failed to sell, the press release stated.
The Victorian-style house was built in 1997 and includes five bedrooms, four bathrooms and two and a half baths. The property also has a separate office/studio of 760 square feet and a three-car garage.