Ten years ago, I could have told you exactly who bought a working ranch or a winery estate on California’s Central Coast. A short list: retiring executives who wanted a hobby to show for forty years of building something; investors who ran the numbers on wine tourism; occasionally, someone whose inherited wealth made the whole thing more trophy than plan.
What I couldn’t have told you is what I see now. The buyers showing up today are different in almost every way that matters, and what they’re actually after is something the real estate industry hasn’t quite found the vocabulary to describe yet.
