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.

(13) comments

valligirl

Really? Undisclosed? Once the sale is closed all that information is public record. Come on Register!! Get with it.

chunk215

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.

GET REAL

[quote]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."[/quote]

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!

vocal-de-local
vocal-de-local

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.

parallelparking

Geez, mostly sour grapes from the commenters (pun intended). Actually, I see the sale as the end of an era.

wyngyrl

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.

OK sooner

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.

Who is this Robert Mondavi? Am I supposed to know him?

vocal-de-local
vocal-de-local

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 $$$.

burgundywine
burgundywine

[quote]jbmom said: "Wyh do we need to know this??? I really don't care if the Mondavi property sold. "[/quote]
Then get your Occupy peeps up there and raise some cane.

chunk215

I don't care either.

jbmom

Wyh do we need to know this??? I really don't care if the Mondavi property sold.

NapaNana

The house around the corner from me sold too....and?

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.