San Francisco, CA (PRWEB) October 28, 2011
Pacific Union International (PUI), the San Francisco Bay Area’s premier international luxury real estate brand, is partnering with Sheldon Good & Co and the family of the late, legendary winemaker and philanthropist Robert Mondavi to auction a stunning, 11,500 square-foot home and 57 acres in Napa Valley. The auction, scheduled for November 16, 2011, is expected to draw international interest. The estate was originally listed for $25 million; the published auction reserve is $13.9 million.
"Pacific Union International is thrilled to represent this magnificent property. The Mondavi brand and culture are in close alignment with PUI’s--we both represent luxury products, are dedicated to client service and have deep roots in the Northern California communities we serve," said Mark A. McLaughlin, president and CEO of Pacific Union International.
The Napa Valley estate—perched atop a private mountain top with 360-degree views--has been in the Mondavi family since….. The property will be sold via sealed bid auction by Sheldon Good & Company, a Racebrook Portfolio Company and America’s leading real estate auctioneer in cooperation with Pacific Union International. The 11,500-square-foot home, set into a grove of 100+ year old oak trees on a sprawling 56-acre estate, is being offered with a minimum bid of $13,900,000—a 44% reduction from the original asking price of $25,000,000. Sealed bids should be submitted to Sheldon Good & Company by November 16, 2011.
“The likely lucky bidder? It would be a dream property. We think the historic significance and private grounds will attract a music or entertainment celebrity, Silicon Valley entrepreneur or International investor,” said Chuck Sawday, Pacific Union Real Estate Professional and listing agent.
Coordinates: Napa Valley, California
Price: Published reserve $13.9 million; original list price of $25 million
Architect & History: Designed by pre-eminent architect Cliff May in 1979 and located in the Stags Leap district of California’s lushest wine country, this longtime home of Robert Mondavi and his wife, Margrit Mondavi, sits atop a high knoll and enjoys stunning 360-degree views of the surrounding mountains, meadows and vineyards of Napa Valley. Accessed via private road, the estate is on the Silverado Trail near Yountville, with two acres suitable for planting grapes; the balance of the property includes untouched oaks and meadow.
Features: The main house features artisan-crafted stucco walls, high ceilings, three fireplaces, timber beams and sliding walls of glass, along with a 50-foot indoor pool, and a romantic tower overlooking the entire Napa Valley. The extensive master suite includes two baths and dressing areas, a fireplace, and a private terrace.
Gated and secure, with a long private drive through the oaks, the house is located in one of the world’s great wine-making areas, and just minutes from the world’s largest concentration of Michelin-starred restaurants (xx total). A local airport with private jet accommodations is under 30-minutes away. Downtown San Francisco and all the world-class cultural, educational and medical institutions the Bay Area has to offer is a 90-minute drive.
Listing Agents: Pacific Union Christie’s International Real Estate
-Jane Garassino Blecksmith: 707.486.1754(m); jgarassino(at)pacunion(dot)com
-Chuck Sawday: 707.738.6868(m); Chuck.Sawday(at)pacunion(dot)com
EDITORS NOTE: Images available upon request.
The property will be available for inspection — by appointment only — beginning in October and continuing through November 13. A representative of Sheldon Good & Company will be on hand to outline the bidding process. Copies of the Bidder’s Information Packet, which contains due diligence information, will be available at the scheduled onsite inspection and online at MondaviAuction.com.
Bids are due on Tuesday, November 16, 2011, no later than 2:00pm Pacific Standard Time, delivered to the offices of Sheldon Good & Company, 488 Madison Avenue, Suite 201, New York, NY 10022. For more information on the auction and to view the property by appointment, call (800) 516-0012 or visit http://www.MondaviAuction.com.
ABOUT PACIFIC UNION INTERNATIONAL: Pacific Union International (PUI)
PUI is the San Francisco Bay Area’s premier international luxury real estate brand operating in six counties including Alameda, Contra Costa, Marin, Napa, San Francisco and Sonoma for 35 years. Locally owned, PUI leadership operates with an entrepreneurial mindset and unwavering commitment to invest in the right people, processes and tools to ensure deep, long-standing client and agent relationships. In 2009, its team of over 425+ brokers achieved #1 ranking in average sales price and #1 ranking for professional productivity in all six counties. Through its exclusive relationship with Christie’s International Real Estate in the San Francisco Bay Area, Pacific Union delivers international reach in its property marketing programs and provides clients with access to international investors.
ABOUT ROBERT & MARGRIT MONDAVI:
Robert Mondavi is considered one of the world’s most notable wine makers, an innovator in both viticulture and marketing, He led a group of charismatic vintners who brought international attention to the wines of the Napa Valley and made them a global standard. Together with his wife Margrit, an innovative wine marketer and ambassador in her own right, Mondav worked with architect Cliff May and Robert’s son Michael Mondavi to create a house that suited their life perfectly. A classic of California design, this serene and comfortable home is a reflection of the Mondavi family’s passion for a life well-lived.
ABOUT CLIFF MAY:
The father of the California ranch home, Cliff May was one of the most important and influential Mid-Century American architects. He developed a style influenced by his youth near San Diego amidst the adobe ranchos of his Anglo-Mexican familya –a rubric of one story houses, built close to the ground. The defining element of his home designs was an open connection with the outdoors, the weather, and the light. Beginning with his first house in 1932, May’s career encompassed a wide array of projects, ranging from speculative tract and pre-fabricated housing, plus large-scale civic and commercial projects, to the Robert Mondavi Winery in Oakville in the late 1960s. Throughout his long career, May maintained a substantial practice in luxurious custom-built country homes located in Santa Monica, Los Angeles, Santa Barbara and the Bay Area.
ABOUT SHELDON GOOD & COMPANY:
Sheldon Good & Company is America's premier Real Estate Auctioneer. As the nation's leading provider of strategic momentum-building marketing and structured accelerated sales solutions, the firm has a 45-year track record of proven results, has sold billions of dollars worth of properties in every real estate asset class, and has the highest closing ratio in the industry.
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