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.