For over a decade I have used the results of Auction Napa Valley as a barometer for how the real estate market will fare each year. The results have always proven to have a direct correlation to the luxury sales market in Napa Valley. We have seen a surge in sales of some of the highest priced luxury homes and estates (without a commercial component) in years. For example, there have been 5 sales priced over $11 million since 2012.
One other property (in which I am representing the buyer) will close next month and will rank as the highest price ever paid for a residential home in the history of Napa Valley. Only 2 other properties have ever sold In Napa Valley for over $11 million. One was in 2006 and the other was in 2007. There were no sales over $11 million between 2007 and 2012.
Since Auction Napa Valley began in 1981, there have been only 4 years where funds raised were over $10 million. In 2005, $10.5 million was raised, in 2008, $10.35 million, in 2013, $16.9 million and in 2014, $18.7 million. Take a peek below for the highest priced luxury home sold listings in Napa Valley over the last 2 years.
- 20 Campbell Creek Road, Oakville
- List Price: $13,995,000
- Sales Price: $13,500,000
- Close of Escrow: 6/20/13
- This 11,750 square foot estate has been meticulously designed for indoor and outdoor living, situated on a sprawling 47 acres. Offering nearly 3 acres of Cab vines, a tennis and bocce court, pool and spa, guest house, and caretaker’s quarters, the residence is perfect for wine country living.
- 80 Clear Creek Road, Oakville
- List Price: $13,950,000
- Sales Price: $13,310,586
- Close of Escrow: 11/19/12
- 3082 White Sulphur Springs Road, St. Helena
- List Price: $13,950,000
- Sales Price: $13,250,000
- Close of Escrow: 06/10/14
- A 10,000 square foot, 63 acre, estate offering privacy with a convenient, close to town locale. With 3 bedrooms and 4 baths, this property enjoys all the bells and whistles of luxury living such as a screening room with full bar, wine cellar, pool/spa, tennis court, gym, and views.
- 40 Auberge Road, Rutherford
- List Price: $12,500,000
- Sales Price: $11,250,000
- Close of Escrow: 11/01/13
- Award-winning architecture for both the main house and guest house. Approximately 21.5 glorious acres with 3,500 sf in the 2 bedroom, 2.5 bath main house. The guest house was 1,000 sf with 2 bedrooms and 2 bathrooms. A 75-foot lap pool and approximately 4 acres of hillside Cabernet with spectacular views of the valley.
- 7820 Silverado Trail, Oakville
- List Price: $12,000,000
- Sales Price: $11,000,000
- Close of Escrow: 04/09/12
- This Tuscan-inspired, 9,000 square foot estate includes 3 acres of premium Cabernet fruit near cult vineyards. The residence is luxurious, private, peaceful, and offers panoramic views, an infinity pool, and tennis court.
In addition to these awe-inspiring, Napa properties, the luxury home described below is the listing I currently have in escrow that will be closing in July:
870 Meadowood Lane, in beautiful St. Helena, a stunning 11,700 square foot estate complete with a nearly one acre Cabernet Sauvignon vineyard, is listed for $19.5 million. The listing is poised to take the place of the highest priced residential sale in the history of Napa Valley. Remarkable!
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