Napa County communal ranch sold for nearly $16M

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The Lake House is seen by Heron Lake at Green Valley Ranch in Napa, Calif., Thursday, Nov. 7, 2019. A 950-acre ranch with three lakes in Napa County that was purchased in 1978 for $850,000 by eight young men and used communally was sold for $15.7 million in cash. Green Valley Ranch was sold Monday, Dec. 7, 2020 to a single unidentified buyer, according to listing agent Ginger Martin of Sotheby’s International Realty, the San Francisco Chronicle reported. (Scott Strazzante/San Francisco Chronicle via AP)

NAPA, Calif. (AP) — A 950-acre ranch with three lakes in Napa County that was purchased in 1978 for $850,000 by eight young men and used communally was sold for $15.7 million in cash.

The San Francisco Chronicle reports Green Valley Ranch was sold Monday to a single unidentified buyer, according to listing agent Ginger Martin of Sotheby’s International Realty. The ranch, which is home to river otters and centuries-old oak trees, came with seven homes.

It was originally listed in October 2019 for $25.5 million and eventually reduced to $18.9 million before the buyer submitted an offer on Nov. 3.

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