Victor Fleming Estate and Moraga Vineyard for Sale
Only in California will you find an artisan vineyard and winery hidden in the heart of one of the wealthiest neighborhoods known for attracting film stars and other industry moguls. Bel Air is known for its astounding mansions overlooking the Pacific and the famous Bel Air Country Club Golf Course.
The 13-acre Moraga Estate was owned and built by the Hollywood director Victor Fleming, best known for all-time movie favorites "Gone With the Wind" and "The Wizard of Oz." He created the estate in 1930 as a horse ranch with an elegant main residence befitting a man of his stature and wealth.
The estate remained a horse ranch until Tom and Ruth Jones bought the property in 1959. According to the history of Moraga, Tom Jones was an aeronautical engineer and CEO of Northrop Corporation for 30 years before retiring in 1989. In his executive capacity, he and Ruth traveled the world. They were also wine aficionados and while visiting vineyards in Europe, the couple was impressed with the similarity of their property's soil to that of Bordeaux.
In the late 1970s they began planting vineyards of Bordeaux wine grapes and today their 2,300-square-foot winery produces approximately 1,500 cases of red and white wine per year. There are also staff quarters, a tasting room and wine cave. With a devout following, prime vintages are currently selling at anywhere from $65 to $125 per bottle. There is currently a $4 million inventory of wine that will convey with the sale of the property.
The couple has decided to sell the estate - highly desirable for its location, unusual history and income production. The 7,500 square foot main residence has 3 bedrooms, 4 bathrooms, and staff quarters. Almost all the rooms open out to the professionally designed gardens and lap pool. Across the lawn is a guesthouse containing 2 bedrooms and 2 bathrooms. Included in the sale is a 4,000-square-foot office building within a half mile of the estate that is currently being used as a winery sales office.
According to the Los Angeles Times, Moraga is the first commercial winery to be bonded in the city of Los Angeles since Prohibition ended in 1933.
The $29.5 million price tag also includes the winery with "significant" inventory.