A 40-acre private estate above Okanagan Lake, only minutes from downtown Kelowna. Its first residence, 4855 Chute Lake is a magnificent European Craftsman with 6,855 square feet of handcrafted living space with five bedrooms and four bathrooms, countless old world details, and a spacious courtyard. Plus an oversized garage and workshop connected by a breezeway. With successful future rezoning to Agriculture 1 Tourism, it could become an ideal setting for a tasting room, restaurant, or boutique inn. Its second residence, 4895 Frost Rd is a three bedroom and four bathroom, 3,714 square foot rancher with basement featuring a covered backyard patio for enjoying sunset views and city lights against the backdrop of the Okanagan’s natural beauty. Plus a renovated log cabin (with one bedroom & one bathroom) and vintage red barn, add character and charm to the estate. The fully fenced, irrigated grounds sit on a gentle northwest-facing slope with rows of vines aligned north-south, ensuring full sun exposure and refreshing mountain breezes, fostering optimal grape-growing conditions. The rows currently produce six acres of Pinot Gris, with five acres of Riesling and four acres of Pinot Noir planted in May 2025. Future plantings include three acres of Chardonnay and one and a half more acres of Pinot Noir. With high-quality grapes in high demand, it is ready to be managed and leased by a prominent winery. This property offers a rare opportunity to combine luxurious living with an agricultural enterprise, and potential tourism and hospitality ventures.