2375 Latigo Canyon Road This 8.64-acre (an additional 20 is available) property is adjacent to the Colcanyon Estate Winery at Latigo Canyon and McReynolds Ln in Malibu. The property has at least two building sites. The building site at the top features panoramic ocean views, Catalina Island, and the Santa Monica Mountains.If used as a winery, it gains from the traffic from the Colcanyon Estate Winery next door. The income from a winery of this size is in the $100k+ range.''Established in 2001, Colcanyon Estate Wines were amongst the early entrants in the up-and-coming Santa Monica Mountain wineries. Located 2000 feet above Malibu, the vineyard is situated on a south facing slope with uninterrupted views of the Pacific Ocean. Our location is as near to perfect for grape growing as it gets. We enjoy a rocky topsoil and a 45 degree south facing slope - the result are vines that are optimally positioned for even sun exposure throughout the growing period.The yard benefits from early morning mists that rise up the canyon from the Pacific Ocean immediately below - nature's irrigation system that means we add little additional irrigation even in the hottest of summers.'' Retrieved from: Colcanyon Estate Wines at Colcanyon-estate-wines.com