Investment Overview

Marcus & Millichap is pleased to bring to market Bonavita Estates, a 560 Acre assemblage in Middletown California with its own private waterski/wakeboard lake. The offering consists of 3 parcels spread out over 560 acres with a single family home, private ski-lake, 2,500 SF lakeside clubhouse, 3,000 SF enclosed barn, 6-car garage and multiple wells. At a half mile in length, the lake has an approximate volume of 20-million-gallons fed by a well. The aquifer was water pump tested and produces 1,200 gallons of water per minute. Zoning for the property is RR – Rural Residential which specifies a minimum lot size of 5 Acres. Prior to Close of Escrow seller will complete a lot line adjustment to increase the parcel containing the ski lake (Parcel 1) to 140 acres, and reduce larger parcel (Parcel 2) to 390 acres. Available as an assemblage or separately as individual parcels. Opportunity to purchase a 50% interest in the ski-lake as well. Middletown is a city in Lake County, California, United States. Its population was 1,323 at the 2010 census, up from 1,020 at the 2000 census. Middletown was given its name because it is halfway between Lower Lake and Calistoga, which is 17 miles to the south. At one time, the community was known as Middle Station, and was a halfway point on the stagecoach route over Mt. St. Helena from Calistoga to Lower Lake. The first house was built at the site by J.H. Berry in 1870. The town known as Middleton began in 1871, and changed its name to Middletown in 1875. Middletown enjoyed a robust quicksilver (mercury) mining industry through the end of the 19th century. By the early 1900s, cattle and sheep ranching were prominent, along with some pear and walnut production. A resort economy sprung up around the various natural springs, and the area around Middletown attracted vacationers from the Bay Area through the 1950s. In the 1970s and early 1980s, exploitation of nearby geothermal energy resources brought an influx of workers into the local economy. Electrical power plants powered by “steam wells” were built in the mountains above Middletown. As housing prices in the Bay Area increased in the late 20th century, Middletown and nearby Hidden Valley Lake enjoyed a population boom as commuters moved to the Middletown area looking for affordable housing. Nearby tourism includes Harbin Hot Springs and the Twin Pine Casino located on the local Rancheria south of the town. Guenoc Valley Resort, 2 miles (3.2 km) southeast of town, was proposed in 2020, consisting of low-density residential development, preserved open space, retail space, restaurants, and several boutique hotels.