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Turns out media mogul Rupert Murdoch will get his LALA Land winery after all.
The head of News Corp's dream of purchasing the Moraga vineyard in Bel Aire had been put on hold because he had to wait for the ABC to grant a liquor license to the property.
But the deal went through on Tuesday. And it's a steal at $28.8 million, considering the property was listed at $29.5 million. Lucky for Newport Beach listing agent Jim Kline. That's a fat commission.
Says the Wall Street Journal:
The 13-acre property has a 7,500-square-foot main home with three bedrooms, four bathrooms, an octagonal dressing room and maid’s quarters. A guesthouse across a large lawn has two bedrooms and two bathrooms. Hollywood director Victor Fleming, known for “Gone with the Wind” and “The Wizard of Oz,” built the home in the 1930s.
Sounds pretty sweet.