We reported DC Top 10 residential real estate deals for 2006 a month ago, including the record breaking deal for this area, in Upperville, VA. Washington Post has the full story on the transaction.
Via Washington Post.
Image: Washington Post
The buyers aren't movie stars after all, but the price is still stellar.
Llangollen Farm, a 1,100-acre equestrian estate in western Loudoun County, has sold for a record-breaking $22 million, according to agents representing those involved in the transaction.
The buyer of Llangollen, at the foot of the Blue Ridge mountains in Upperville, is Llangollen LLC, a corporation controlled by Donald P. Brennan, a longtime Morgan Stanley executive and entrepreneur, and his wife, Patricia, according to selling agent Mary Ann McGowan of Thomas & Talbot Real Estate in nearby Middleburg. Daughter Maureen Brennan will oversee the property, which has a manor house that dates to the late 1700s and a thriving cattle operation.
So, it's not Tom Cruise after all... The fact that the house is under conservation easement, they can only subdivide the parcel in 100-acre per house. And good thing -- the Brennans said they do not plan to subdivide the parcel.
* A Thoroughbred of a Price [Washington Post]
* DC Metro: Top 10 Deals in 2006 [Urban Trekker]
