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Lot/land
  • Price cut: $13.3K (6/12)
    $1,299,000

    Castroville Rd, Salinas, CA 93907

    --beds
    --baths
    66.28Acres
    Unimproved Land
    Built in ----
    66.28 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Martella Home Farm is a 20% Partnership Investment Opportunity. The farm has 66.28 Total Cultivated acres, and the family home, which is rented. Located in 4 separate parcel numbers, it is being offered at 20% ownership. The farm has been long-term leased by a local farmer; the current lease is till 2029. This is not a farming opportunity; this is currently a passive investment opportunity. The other 80% is owned by family members. Discover a remarkable investment opportunity at Martella Home Farm, offering a 20% Partnership Investment in a thriving agricultural setting. The unique opportunity allows you to acquire a 20% ownership stake in this tranquil haven, currently leased long-term to a reputable local farmer, ensuring consistent income through 2029. This investment is specifically designed as a passive income opportunity, not a farming venture, making it an ideal choice for those looking to diversify their portfolio. The current five owners are motivated to sell due to an over-dilution of ownership stemming from family circumstances, presenting a rare chance for you to take part in this unique family legacy. With income distributions occurring biannually, you can enjoy a steady return on your investment.
    403 days
    |
    134
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Celeste Faraola Perie 01077450 831-239-4646,

    Schooner Realty 831-425-1515

    Source: MLSListings Inc,MLS#: ML82006514MLS Logo

      Facts & features

      Property

      Features
      • Fencing: Other
      Lot
      • Size: 66.28 Acres
      • Features: Agricultural, Mostly Level
      Details
      • Parcel number: 207011028000
      • Zoning: agriculture
      • Special conditions: Standard

      Utilities & green energy

      • Gas: PublicUtilities
      • Water: Well
      • Utilities for property: Public Utilities

      Community & HOA

      Location
      • Region: Salinas

      Financial & listing details

      • Date on market: 5/12/2025
      • Listing agreement: ExclusiveRightToSell

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/12/2026Price change$1,299,000-1%
        Source: MLSListings Inc #ML82006514 Report a problem
        5/12/2025Listed for sale$1,312,344
        Source: MLSListings Inc #ML82006514 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 93907

        Getting around

        12 / 100
        Car-Dependent
        15 / 100
        Minimal Transit
        31 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: GravesElementary

        Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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