Silverado Resort on block for estimated $30-40 million

Silverado Resort in California’s Napa Valley is up for sale.
 
Owned by the family of Japanese investor Setsuo Okawa, whose family purchased it in 1989, the 120-acre resort property includes two 18-hole, Robert Trent Jones Jr.-designed golf courses, a 280-room resort hotel, clubhouse, conference center, 10 pools, spa, 17 tennis courts and three restaurants.
 
The Okawa family paid more than $100 million for the property in 1989, but that figure included some additional land for development and sale for guest condominiums and private homes.
 

A representative of PKF Capital, Inc., the San Francisco-based firm handling the sale, told the Press Democrat of Santa Rosa, Calif., that although no firm sale price had been posted, the sale might bring $30 to $40 million.

Silverado was originally part of a Mexican land grant, and was developed into a Southern-style estate by retired Civil War General John Franklin Miller in the 1870s. The current resort was built by Amfac Corp. in the late 1960s, and has hosted nearly 30 PGA and Champions Tour events.

 

  

Add new comment

If you enjoyed this article and would like to sign up for a FREE digital subscription, click here!