Tuscan Winery Drops

Luxist points out that Rocky Oaks Estate, a 37-acre Malibu winery that hit the market in 2009 for $65 million, has dropped to $49 million. "The estate has its own award-winning vineyard, a large Tuscan home, plus additional pads for a potential helicopter landing site, guest house, and guard gate." From an older Times story: "The owner, a businessman, was building the estate for himself but decided to sell it instead, according to listing agent Sally Forster Jones of the Coldwell Banker Beverly Hills East office." [Luxist]