$10M Winery Offers Vines, Vistas: Unreal Estate

NAPA, Calif. (TheStreet) -- If you love to savor a glass of syrah or riesling during harvest time and fantasize about fleeing city life, here's a different wine pairing to consider.

Two vineyard estates are fermenting on the markets in California's Napa Valley and New York's Long Island and, depending on your taste, could uncork a burgeoning sauvignon blanc hobby or a ready-made business. At the very least, their grapes will funnel a bit of your money away from the wine barons at Fortune(FO Quote) and Constellation(STZ Quote) brands.

The story behind the Palmer Vineyards properties on Long Island's North Fork is bittersweet. The estate, founded by Bob Palmer in 1983, includes a 61-acre, $6.9 million winery and a 62-acre, $3.9 million vineyard. The operation produced 16,000 cases of award-winning pinot blanc, chardonnay, riesling, sauvignon blanc and cabernet franc a year.

The opulent estate in the Napa Valley comes with a vineyard.

After Palmer died in January at age 74, his daughter sought to sell the property to someone who would care as much about winemaking as he did.

"The ultimate goal will be to have a smooth transaction where the buyer understands the nature of owning and running a winery," says Suzanne Hahn of Brown Harris Stevens, the estate's listing agent. "It was a hard decision for Bob Palmer's daughter to put the property on the market, but she said it just isn't the same without her father."

If you're thinking the property would make a swell condo development, don't waste your time. The sellers are adamant about maintaining the winery's legacy and have sold the rights to residential development to surrounding Suffolk County, restricting the land to agricultural use.