The Dream of Owning Real Estate In Napa County
Napa County is placed just north of the San Francisco Bay region in California. There you will discover some of the most stunning real estate on the planet. Napa County Real Estate was mainly farmlands that fashioned an assortment of diverse crops. Nowadays Napa County Real Estate is resident to a number of the finest vineyards on the globe.
Since the 1960’s when the wind industry in Napa County surfaced as one of the first rank wine regions in the world the price of Napa County Real Estate has always offered a 100% return on its investment. That is good to know in the economic woes many are experiencing in today’s market. There are 788 square miles of property in Napa County. About 754 square miles of that is land.
The wine industry in Napa County has exploded over the last two centuries. At the end of the 1800’s there were no less than a hundred and forty wine producing vineyards in the county. Four of the original wineries have managed to survive and prosper in this heralded Napa County Real Estate region. They would be Shramsburg, Beringer, Charles Krug Winery and Chateau Montelena.
Napa County Real Estate took a hit when prohibition was enforced in 1920. With no one to purchase their wine many wineries folded. It was not until after World War II that the wineries once again began to prosper and produce at a new level. As the vineyards prosperity rose so did the value of the counties real estate. The power of the grape swept the county. Napa County was the place to be.
Since the pre-prohibition age, times have altered significantly. The Napa Valley Real Estate now consists of about 300 wineries. The wineries there put out a great diversity of wines. For instance there is Cabarnet Savignon, Merlot, Zinfandel and Chardonnay.
Millions of guests commencing about the planet visit Napa County wine country every year to savor the wine and investigate the wineries. While several other close counties have altered course over the years and have permitted more and more land to be put up for sale for business purposes; the Napa County Real Estate has still managed to clasp onto its cultivation roots.
The Williamson Act in California presents landowners in the state tax relief if they make use of their Napa County Real Estate for farming purposes. The landowners in Napa County took gain of this in order to protect land for wineries for age groups to come.
It is true that the agricultural reserve has certainly interrupted residential growth in Napa County Real Estate but new homes are still being built around the preserves. There are opportunities in Napa County Real Estate even in tough times. The $8,000 tax credit allowed by the new stimulus package has opened the gates for many buyers who were once renting. The outlook in Napa County could not be better. Many new homeowners will drink to that.