In yesterday’s Napa Valley Register article by Jennifer Huffman, reported the Carneros Inn, Napa’s luxury resort has been listed for sale. The property along with it two restaurants, the Boon Fly Cafe’, one of my favorite breakfast joints, and the Farm Restaurant are both among the locals places to dine.
The sales price for the Carneros Inn was not given, but according to Jennifer’s article “the estimated value for the 27-acre property was listed at $60 million, the Real Estate Alert publication said”. More from the article:
The Carneros Inn is managed by the PlumpJack Group. Key members of that organization include Lt, Gov. Gavin Newsom; Hilary Newsom, president of the group; and Philip Kendall, vice president of resort operations, according to the PlumpJack Group website.
The Carneros Inn property includes approximately 86 units, from smaller cottages to larger suites, as well as 24 private homes, according to the inn’s website. Home prices were reported to start at $1 million, according to a 2004 Napa Valley Register story about the resort. The popular Boon Fly Café is also located on site.
Nightly stays at the high-end resort range from approximately $400 to more than $2,500 a night, according to the Carneros Inn website.
I have visited the resort several times for one of their sales presentations to the local Realtor community and found it a very wonderful place. The sales of the fractal shares seemed a bit slow but this site is definitely quite the place. This and the similar resort, Calistoga Ranch, just south of the city of Calistoga compete for the same buyer. I always felt the Ranch was a better deal.
You will need to come back for I am going to write about fractals and what both of these offer when you buy into them.
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