Sage Ridge Ranch
Carmel Valley, CA
Sage Ridge Ranch, a 104-acre ranch with its own citrus grove and vineyard overlooking the Carmel Valley, sold for $1,400,000.00 through Albert Burney Auction Company continued its string of successful sales in California’s Monterey County area.
“People in this area always seem to respond to an auction of high-quality property, as we’ve already seen with the sale of Soledad Mountain Ranch in July and today’s sale of Sage Ridge,” said Warren Ward, president of the auction company. “The sale of Sage Ridge Ranch exceeded the seller’s reserve by 40 percent,” said Ward.
In the Sage Ridge Ranch sale on Saturday, the competition came down to two bidders who worked their way up from $1 million to the $1.4 million sale price in increments as small as $25,000.