The State of Napa Real Estate
Robert Mondavi’s estate is being auctioned
Posted: Oct 7, 2011 2:00pm ET
There's been little movement in wine country real estate. Few vineyards or wineries have been sold for the same reasons the rest of the country's real estate market has been stuck. It's a terrible time to sell, and a difficult time to buy or borrow.
Case in point: The late Robert Mondavi's Napa Valley estate is being offered at a sealed-bid auction Nov. 16 in what amounts to a half-off sale. The 56-acre property where the famous vintner and his wife Margrit resided for years came on the market in 2010 for $25 million, then dropped to $20 million, and now a minimum bid of $13.9 million is the asking price.
To continue reading this page, become a WineSpectator.com member today!
Do you have a Wine Spectator magazine subscription? Save 50% on your Online Membership right now!
Log In If You're Already a WineSpectator.com Member
