The top executive of a Newport Beach-based finanical firm is asking more than $25 million for a Napa Valley estate with more than 40 acres of land, the priciest listing in the toney Wine Country market.
The estate would be the area’s most expensive sale in at least five years if it hits even close to the asking price. Tarsadia Investments CEO Greg Casserly and his wife Nola, a psychotherapist, bought the land for $2.1 million in 2011. They built the main home after three years of mulling the best site, according to Modern Luxury Interiors California Magazine.
Dubbed “Karinya,” after the Australian aboriginal phrase for “peaceful home,” the property includes a smaller A-frame from the 1980s that the couple renovated as well.
Casserly and his wife decided to sell after “unforeseen family health issues,” said listing agent Cyd Greer, who is affiliated with the St. Helena office of Coldwell Banker Brokers of the Valley.
The estate is located in Deer Park, just a few minutes drive from downtown St. Helena. A “disappearing gate” grants access to wooded hiking trails, a courtyard with an outdoor kitchen, a bocce court and a heated Infinity-edge swimming pool.
The nearly 9,000-square-foot main home has two wings connected by an enclosed glass hallway. On one side is the primary suite, which includes a massage room with exterior masseuse entrance, a home gym and an infrared chromotherapy sauna. On the other side are the more-public spaces, two ensuite guest rooms, an open concept great room and a home theater. The A-frame has another bedroom and two more bathrooms, as well as a kitchen and a loft.
Greer said via email that she based the $25-million asking price on nearby comps as well as “the acreage of the property, architectural style of the home, when it was built and by whom.” She said Karinya has already had “a handful of private tours.”
In nearby St. Helena, the second-most-expensive Napa listing is seeking $22 million for six bedrooms and seven bathrooms also spread across two homes. It has a slightly smaller total square footage but a similar acreage, with a bocce court and an infinity pool and has been on the market since May.
Napa County’s priciest single family deal of the last five years came in August, according to Redfin data, when a 2004 Howard Baken-designed St. Helena property sold for $18.5 million after listing at that price in January.
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