Ripple billionaire Chris Larsen's family bought a 46-acre Napa estate for $13.5 million in 2025; inside its 5 homes, 4 vineyards; know how a school became a luxury estate

Ripple co-founder Chris Larsen’s family bought a 46-acre Napa estate for $13.5 million in 2025. The property was once a boys school and has five residences, vineyards, sports facilities and a lake.

The property is located at 225 Franz Valley School Road, near Calistoga in California's Napa Valley. It covers approximately 46 acres and was sold for $13.475 million. The sale was reported as Napa County's biggest residential property transaction in more than two years. The buyer was Triple Gem Estate LLC, managed by Larsen' wife, philanthropist Lyna Lam.

What did the estate contain?

It had five residences, which included a main house, a pool house, a renovated Victorian home and a guesthouse. It also had four vineyards, with more than six acres planted with Cabernet Sauvignon vines.


A swimming pool, tennis court, bocce court, basketball court, gardens and fruit trees were also there. The main residence was designed by Howard Backen and built in 2005. The guesthouse was formerly used by the school's headmaster.

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How did the school become a luxury estate?

It was formerly a boys' school and later became known as Heritage School Estate and Vineyards under previous owners David and Linda Jenkins. They bought it in 2014. It was marketed as vineyard property and combined residential buildings with wine-country amenities.

The buyers reportedly had spent around three months looking for an extended-family retreat across Napa, Sonoma and Marin. They were reportedly not searching for a vineyard or a property of nearly 50 acres. The estate was described as a long-term family intended to be passed down to their children.

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The property reportedly went on the market in autumn 2022 for $18.5 million. Its asking price was reduced to around $15 million in 2024 and the property was eventually sold for $13.475 million in September 2025. That was about $5 million below its original asking price.