The upper Martinelli ranch is for sale, just north of Point Reyes Station. The ad said it’s a great place for a multi-family compound. No MALT easement. Three parcels totaling 1,040 acres, with an asking price of $12 million. At about $12,000 per acre, it’s priced much higher than other agricultural lands, suggesting the seller is hoping for someone wishing to build a rural estate.
Under the current Local Coastal Program, an agricultural landowner…