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 sat on the market for more than 18 months without a viable offer,” the press release stated.
The Victorian-style house was built in 1997 and includes five bedrooms, four bathrooms and two half baths. The property also has a separate office/studio of 760 square feet and a three-car garage.
Platinum managed the transaction in cooperation with Dreyfus Sotheby’s International Realty in Menlo Park and listing agent Chris Iverson.
“I really applaud all of the parties on this fantastic sale,” Platinum President and found Trayor Lesnock said in the statement.