Napa Valley: Inglewood Estate and winery sold for about $20 million

(NVR) - The son of Costco co-founder and former CEO James Sinegal has purchased the historic Inglewood Estate, accompanying vineyard and winery in St. Helena for somewhere in the neighborhood of $20 million.

Sinegal-Inglewood LLC closed on the sale in late April, according to County Recorder documents. An application filed with the California Department of Alcoholic Beverage Control lists David Edward Sinegal as the managing member of Sinegal Family Estate, located at Inglewood’s address, 2125 Inglewood Ave.

The new owners will do business as the Sinegal Family Estate, according to the ABC application.

Formerly known as the Jaeger family estate, the property was most recently home to Doug and Jane Wolf and Wolf Family Vineyards.

In December 2011, the property was offered for sale privately, said Pacific Union International’s Robyn Bentley. The broker associate co-listed the property with Birgit Hall of TRI Coldwell Banker, she said. Chuck Sawday and Jane Garassino of Pacific Union International represented the Sinegal family.

Originally priced at $25 million, the price for the estate was later dropped to $20 million, Bentley said. The exact sale price was not disclosed but “it was close” to the $20 million asking price, she said.