Robert Mondavi's Napa Valley estate sold

2011-11-30T18:30:00Z 2011-12-14T11:33:54Z Robert Mondavi's Napa Valley estate soldJENNIFER HUFFMAN Napa Valley Register
November 30, 2011 6:30 pm  • 

Robert Mondavi’s iconic estate home in Napa Valley has been sold to an undisclosed buyer for an undisclosed amount. 

The home was originally advertised for sale in May 2010 for $25 million and then listed for auction in October with bids starting at $13.9 million.

There were two bids on the property, Jane Garassino-Blecksmith, of Pacific Union International, said. While they did not meet the minimum price, the bids were “strong,” she said. 

Garassino-Blecksmith would not reveal who the buyers are; only that they own property in the U.S. and overseas.

“I believe they are going to use it as a private residence,” she said.

The 11,800 square-foot, knoll-top estate is located on more than 53 acres in the Stags Leap district. It was designed by architect Cliff May in 1979. May also designed the Mission-style Mondavi winery in the 1960s.

Jocelyne Monello of Heritage Sotheby’s International Realty brought the buyer to the sale, a news release said. 

“My client is delighted to become the proprietor of this residence,” Monello said.

Besides the main home the property also includes a guest house, swimming pool and spa, tennis courts and extensive grounds. 

Garassino-Blecksmith and Chuck Sawday of Pacific Union International, along with Sheldon Good & Co., represented the Mondavi family in the sale of this property, the release said.

Copyright 2015 Napa Valley Register. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

(13) Comments

  1. NapaNana
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    NapaNana - November 30, 2011 6:43 pm
    The house around the corner from me sold too....and?
  2. jbmom
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    jbmom - November 30, 2011 9:19 pm
    Wyh do we need to know this??? I really don't care if the Mondavi property sold.
  3. chunk215
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    chunk215 - November 30, 2011 11:14 pm
    I don't care either.
  4. burgundywine
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    burgundywine - December 01, 2011 12:24 am
    jbmom said: "Wyh do we need to know this??? I really don't care if the Mondavi property sold. "
    Then get your Occupy peeps up there and raise some cane.

  5. vocal-de-local
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    vocal-de-local - December 01, 2011 1:01 pm
    Well, Napa Valley still holds it's real estate value compared to other regions. We've become a destination rather than just a drive thru. We now have the Napa Film Festival which is bound to grow. We have harvest and spring festivals, vineyards, and fairly good weather. We're close to cultural events in SF. Be glad that homes still sell for millions of dollars in this area. It didn't happen by accident. The preservation of ag lands are the reason this region is still desireable and attracts $$$.
  6. Report Abuse
    - December 01, 2011 3:34 pm
    Who is this Robert Mondavi? Am I supposed to know him?
  7. OK sooner
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    OK sooner - December 02, 2011 9:57 am
    Who was Robert? He was one of the 1% that OWS is trying to bring down. He and his family planted vinyards, built winerys, increased tourism by putting Napa on the map. Provided thousands of jobs in Napa, some low wage some high. Spent hundreds of thousands on frivolous things and his partys(and they were great!) But he also spent millions promoting his wine and the Valley thus providing many many jobs. I don't think I would be too far out of line saying that 25% of the people working in Napa have Robert to think for their job.
  8. wyngyrl
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    wyngyrl - December 02, 2011 10:18 am
    Actually, vocal, the property did NOT hold its' value. If it was listed at $25 million, and sold for somewhere between $10 - 12 million, then it experienced a 45% decrease. The buyer got a "bargain". My own little underwater mortgage house only had a 38% decrease in value. So I guess I should be thankful. Ha Ha.
  9. parallelparking
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    parallelparking - December 02, 2011 10:43 am
    Geez, mostly sour grapes from the commenters (pun intended). Actually, I see the sale as the end of an era.
  10. vocal-de-local
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    vocal-de-local - December 02, 2011 10:14 pm
    We, collectively, are on a downward spiral. However, Napa holds itself up high compared to other regions on the same downward spiral. Why? Because we worked hard to preserve agricultural lands. Napa is a special place. Let's keep it that way.
  11. GET REAL
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    GET REAL - December 03, 2011 7:26 am
    vocal-de-local said: "We, collectively, are on a downward spiral. However, Napa holds itself up high compared to other regions on the same downward spiral. Why? Because we worked hard to preserve agricultural lands. Napa is a special place. Let's keep it that way."

    It you bought your home in 2008 or earlier your home is at least 50 percent off the high of its market value. Everyone should call the assessors office and have their taxes reduced. As soon as a couple of short sales or bank owned properties sell in your neighborhood for 50-70 percent off, this become the new value of your own home, most everything that is selling right now is a short sale or a reo. I noticed that the tax assessors office is not keeping up with the reduction in value of homes, they have lowered taxes, but not enough. The just sold home next door to you many be paying a lot less in taxes than you. Call the tax assessor!
  12. chunk215
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    chunk215 - December 03, 2011 2:30 pm
    I still don't understand why homebuyers would be able to pay less taxes on their purchase price just because the value goes down. It doesn't work that way with a car that loses value once driven off the lot.
  13. valligirl
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    valligirl - December 04, 2011 3:46 pm
    Really? Undisclosed? Once the sale is closed all that information is public record. Come on Register!! Get with it.
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