The price on a Napa Valley estate owned by San Francisco restaurateur Pat Kuleto has been cut by $2.8 million since it was first listed more than a year ago.
The 6,000-square-foot home at 2460 Sage Canyon in St. Helena went on the market in May 2018 for $8.499 million and has since seen a series of reductions, including one this week that pushed the price down to $5.699 million.
With this latest development, the price per square foot is now $95o, putting it closer to the city’s $745 average reported by real estate site Trulia.
Listing agent Lisa Sheppard of Sotheby’s International Realty said the new price is a reflection of a “normalizing” market.
“This is incredible value on a one-of-a-kind incredible property,” Sheppard said. “You will never find anything like this again.”
St. Helena home values have dropped slightly year over year, from $1,446,500 in July 2018 to $1,417,300 in July 2019, according to Zillow spokesperson Matt Kreamer.
At the end of a two-mile snaking driveway, the Italian country–style home sits atop a hill overlooking a lush valley of vines, dozens of wineries, Lake Hennessey and the town of Rutherford.
“There are literally views out of every single window,” Sheppard said when the home was initially listed.
Kuleto – creator of such well-known San Francisco restaurants as Boulevard, Farallon and Jardiniere – built Villa Cucina (Kitchen House, in Italian) in 1995. He and his wife raised their son at the home, and Kuleto is now looking to downsize.
The estate is situated on 40 acres with a five-bedroom residence. As you can imagine, the kitchen is extraordinary. The 1,000-square-foot restaurant-size space features a handcrafted madrone countertop made from trees cleared to create space for grapevines on the 40-acre property.
The Wolf range is commercial grade and massive, and the indoor grill has a revolving spit. Dried herbs hang from the beamed ceiling. There’s a pizza oven inside and another one outside the French doors leading from the kitchen to the garden.
“They’ve barbecued pigs in the ground right out there,” says Sheppard. “This house is designed to entertain as many people as you’d ever want to entertain.”
The indoor kitchen opens up to the living room and dining room, all with 30-foot ceilings and rose-colored travertine flooring mined from the same vein in Verona, Italy.
“Everything has a story,” says Sheppard. “There’s an 18-foot white oak branch that was created to be the light fixture in the dining room. He found it on the property and then he made it to hold candles and then he suspended it 14 feet down from the 30 foot ceiling.”
The 4.5 acres surrounding the property are planted with 20-year-old cabernet sauvignon, zinfandel and muscat grapes. An infinity pool overlooks the valley and Sheppard says the pool house has been featured in Jeep and Subaru commercials.
Three small lakes are connected by locks and they offer the perfect spot for swimming, boating and fishing.
Other highlights include a two-bedroom guest house, a helipad and a 50-foot-long wine cave.
“If you’re looking for something that’s really one of a kind and unique, there’s nothing like this property,” says Sheppard. “It’s for somebody looking for something exquisite and out of the ordinary and who wants to have the ultimate Napa Valley wine experience.”