Martha Clara Vineyards In Riverhead Sold For $15M - 27 East

Real Estate News

Real Estate News / 1397314

Martha Clara Vineyards In Riverhead Sold For $15M

icon 2 Photos

authorJD Allen on Apr 25, 2018

The $15 million sale of Martha Clara Vineyards in Riverhead to the Rivero-González family—a Mexican wine producer in Parras, Coahuila—was announced last Wednesday. The sale closed on April 20.

“The Rivero-González family has 15 years of experience in the Mexican wine industry and is excited about this acquisition, which will help the members of the family expand their interests beyond Mexico,” said María 
Rivero, who was appointed CEO of the acquisition.

The 205-acre farm, including the 113 acres of grapevine, nine barns, three cottages, manor house, a wine club gallery, event and tasting rooms, and culinary education center, were included in the sale.

In 1978, when the Entenmann family bakery giants agreed to sell the famous Brooklyn-based bakery, Robert Entenmann had bought a Riverhead potato farm and transformed it into a thoroughbred race farm: Big E Farm. Mr. Entenmann decided to plant 18 acres of vineyard. He then planted 100 additional acres of vine over the following four years. Mr. Entenmann named the winery after his mother, Martha Clara. His family also owned a home in Montauk—where he kept his boats. Mr. Entenmann died in September 2016.

Now, the property is in the hands of María Rivero.

“Likewise, the Riveros are willing to work with the local community in order to encourage and enhance the legacy of the former owners of Martha Clara Winery in a successful way,” Ms. Rivero said.

The sale of Big E Farm and Martha Clara Vineyards is the second-highest real estate transaction in North Fork history, behind The Corcoran Group’s sale of a 135-acre estate that closed for $19.5 million in 2008, which was also brokered on both sides by Sheri Winter Clarry.

First Long Island Investors managed the sale of Martha Clara Vineyards and Big E Farm for the Entenmann family. The firm has been the Entenmann family’s wealth adviser for decades.

“Martha Clara Vineyards is a part of the Robert Entenmann legacy and while we are sad to see it change hands, we believe this is appropriate for the family at this time and wish the new owners the best of luck with this gem of a property,” said First Long Island Investors CEO Robert Rosenthal.

You May Also Like:

Bridgehampton Modern Farmhouse Sells for $9.2 Million

A modern farmhouse in Bridgehampton completed and sold in 2020 by Farrell Companies changed hands ... 17 Jul 2024 by Staff Writer

New Water Mill Build Sells for $8.32 Million

A new gambrel-style traditional residence in Water Mill, north of Montauk Highway, has sold for ... by Staff Writer

East Hampton New Build Sells for $10.25 Million

A newly constructed modern residence in East Hampton recently sold for $10.25 million. At 18 ... by Staff Writer

'The Claxton House' in Sag Harbor Sells for $15,518,174

A new waterfront home in Sag Harbor that was owned and designed by interior designer ... 8 Jul 2024 by Staff Writer

Summer Reading for the Real Estate Obsessed

“Summer Rental” by Mary Kay Andrews will have you wondering if your life is going ... 4 Jul 2024 by Joseph Finora

Quogue Estate Sells for $6.9 Million

In the estate section of Quogue, a shingle-style residence with gambrel roofs recently sold for ... 2 Jul 2024 by Staff Writer

Daniels Lane 'Farm Chic' Compound Sells for $12 Million

A Sagaponack compound described as “farm chic” recently sold for $12 million — the full ... 1 Jul 2024 by Staff Writer

New Estate in Water Mill Sells for $13.4 Million

A new construction, south-of-the-highway estate in Water Mill recently sold for $13.4 million with a ... by Staff Writer

Oceanfront Quogue Property With Main House, Guest Cottage Sells for $16.65 Million

The sale of an oceanfront property in Quogue closed last week for $16.65 million. It ... 28 Jun 2024 by Staff Writer

Not for Sale: Scam Targets Vacant Land

A scam on the rise on the East End is targeting undeveloped parcels of land, ... 20 Jun 2024 by Brendan J. O’Reilly