World · India Bureau
California Luxury Vineyard Estate Sells for $11 Million
A prestigious vineyard property in California's Portola Valley has sold for $11.04 million, significantly below its initial asking price of $15.5 million. The sprawling estate features a three-level Italian villa with commanding views of San Francisco Bay.
LSN India ·
The Portola Valley vineyard estate, formerly held by the Fogarty Family Trust, changed hands at $11.04 million in a transaction that reflects the current dynamics of the luxury real estate market in California's prestigious wine country region.
The property is anchored by a three-level Italian villa overlooking San Francisco Bay. The main residence comprises six bedrooms and nine bathrooms, designed to accommodate both family living and extensive entertaining. The estate was initially listed at $15.5 million, with the final sale price representing a 28.7 percent reduction from the asking price.
Beyond the main villa, the estate incorporates numerous high-end amenities catering to luxury lifestyle preferences. These include a private theatre, full-service spa facilities, and multiple outdoor entertainment areas designed to take advantage of the property's panoramic views and temperate climate.
The estate's provenance is linked to Dr. Thomas J. Fogarty, the vineyard's founder, whose family held the property through a trust arrangement. The sale underscores ongoing activity in California's luxury real estate sector, where high-value properties continue to attract buyers despite market pressures.