The buyers of the former Robert Mondavi Napa Valley residence, also known as Wappo Hill, have finally been revealed. According to the Wine Spectator, the buyers are Jean-Charles Boisset and Gina Gallo.
Boisset is president of Boisset Family Estates of Burgundy, France and St. Helena. France’s third largest wine group, Boisset Family Estates also owns Buena Vista winery and a number of other
The 11,800 sf Napa Valley home on nearly 54 acres received two bids at the recent auction. The sales price has not been revealed yet, but neither bid was at the opening auction bid of $13,900,000. They are reportedly close but we will wait and see and I will let you know the sales price in a future post.
The other news was in the city of St. Helena were the council took up the matter of allowing vacation rentals. This would be a first for St. Helena for in the past they have been against any increase in the number of businesses which cater solely to tourists. Don’t get me wrong, they want tourists to come and spend their money but in the past have resisted many things which could have increased the number of tourist who visit this middle of the Napa Valley city.
The city was against the Napa Valley Wine Train, then against the train stopping in their city. They limit the total number of restaurant seats there and have been very tough on permitted any new businesses which where consider tourist only types. They also have as limit on the number of hotel rooms in the city but currently are discussing this as well. Those transient occupancy taxes (TOT) are pure gold since none of these monies are split with anyone.
I guess the empty city coffers has changed their minds and now the city council is scheduled to have their staff report back to them on the feasibility at the January 24th council meeting. Ironically, the city just did a survey and found there are 19 illegal vacation rental properties currently operating in the city.
Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com
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