A high-end Napa Valley winery with 13,000 square feet of caves is for sale for $65 million.
Founded in 1989 within the St. Helena hillsides, Vineyard 29 is selling its high-tech winery, visitor center and caves; three vineyards totaling 38 acres; an additional tasting room; two brands; and inventory, as first reported by the Sacramento Bee. The sale also includes the estate’s 2,700-square-foot residence with a pool.
Vineyard 29 (2929 Hwy 29, St. Helena) is the latest in a string of high-profile winery sales taking place amid a historic, global downturn in wine sales. Just last week, legacy estate William Harrison Vineyards & Winery sold to two longtime Napa Valley wine families. But owner Chuck McMinn said industry headwinds weren’t a factor in his and his wife Anne McMinn’s decision to sell…