There’s a saying in the wine business: “If you want to make a small fortune in the wine business, start with a large one.”
While that may be true in marquis regions such as Napa Valley, where prime vineyard land can range from $50,000 per acre to more than $525,000 (and even higher for boutique vineyards of fewer than 10 acres), a dream winery can be yours in the North Fork for a relatively modest price. The industry has come a long way since Louisa and Alex Hargrave planted Long Island’s first commercial vineyard in Cutchogue in 1973. Today, North Fork wineries are not only agricultural endeavors, but have robust hospitality and public entertainment programming—from tours and tastings to live music and food truck events, allowing winery owners more options to generate awareness and income, while having a wine lifestyle.
“This is a once-in-a-generation opportunity to acquire a landmark North Fork estate that offers the perfect blend of prestige, lifestyle, and business potential,” says Susan Orioli the Engel & Völkers North Fork agent representing the sale of Peconic’s Osprey’s Dominion. “With a celebrated winery brand, expansive vineyard acreage, event capabilities and a loyal following already in place, Osprey’s Dominion represents the kind of legacy investment that simply cannot be replicated.”
Want to buy a drinkable dream? Here are the details.
Located on the iconic Route 25 wine route, Osprey’s Dominion, established in 1982 in Cutchogue, comes with everything you need to set up and do business. The offering does not include a place of residence. The 2025 harvest will be the winery’s first year as certified sustainable.
Acreage: The production compound is 4.46 acres and there is an additional 46.36 acres of vineyard with 34.5 acres under vine.
Grapes/wine: Current production includes aromatic whites and reds made from Bordeaux varieties; some specialty selections.
Primary facilities: The production winery, a 6,000 square-foot climate-controlled building divided into a barrel (storage) room, bottling line and fermentation cellar.
A 3,000-square-foot tasting house that includes an indoor tasting space and tasting bar with seating for 60 (or 100+ for only beverage and bar); an auxiliary bar and service bar; an outdoor patio that seats 48.
Other buildings: The agricultural building/barn and bonded warehouse, which also includes equipment and service shop, storage, office space, glass and case goods storage. Five storage containers, chemical trailer, walk-in refrigeration container, outdoor patio bar and pergola, a diesel fuel pump and a gazebo.
Fixed production equipment: Euro press, destemmer, pump, bottling line; 20 stainless-steel fermentation tanks and three Flextanks; 250 fermentation barrels.
Key moveable equipment: Harvester, hedger, fleet of tractors, tractor trailer, backhoe, fleet of busses, mowers forklifts, golf carts, 4-wheel-drive gator and viticulture equipment. Other equipment includes small-motor maintenance tools for lawn and landscaping (full list upon request).
Other: All HVAC systems are upgraded and functional; upgraded with a new chiller in 2021. About 20% of the vineyard has foldable non-automated drip irrigation.
Hospitality / other business opportunities: The wine club has 220 members. Inventory to be transferred available upon request. Their parking lot accommodates 108.
Location, location, location: The winery is at a prime location on an established wine route. It is 1.1 miles from the center of Peconic; 1.9 from Southold and 6.7 from Greenport.
Osprey’s Dominion is listing for $4,900,000 and the details can be seen here.
