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.
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.