The 92-acre Flood estate on secluded Greer Road in Woodside, a property that has remained in the same family since 1941, is up for sale.

Elizabeth Flood, who bought the property with her husband James, died in April 2011, according to the real estate website of Mary & Brent Gullixson.

The asking price for the estate is $85 million but whatever it sells for, San Mateo County will reap a windfall in tax revenues when the property is reappraised. The valuation in 2011 was $7,944, the Gullixson website says.

The estate consists of three parcels, with a main house of 9,000-square-feet, nine bedrooms and eight and a half baths, the website says. The property includes a lake, a reservoir, a vineyard and a creek as well as a two-bedroom gate house, a three-bedroom caretaker's house, a pool, a tennis court and a three-stall barn.

Among the noted guests was President John F. Kennedy, and the Kingston Trio once played for a debutante ball for one of the couple's daughters, the website says.

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