$14.75 Million Sale Marks DC Area’s Largest Of The New 12 months
The 17.5-acre equestrian property was listed for $17.995 million in Might. The gross sales value additionally represents a brand new report for the city of Nice Falls. Daniel Heider of TTR Sotheby’s Worldwide Realty represented the itemizing.
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The better Washington, D.C.-area has seen its greatest deal of the 12 months to date with the $14.75 million sale of a 17.5-acre equestrian estate, The Wall Street Journal reported on Tuesday.
The mammoth property, situated in Nice Falls, Virginia, about 20 miles west of D.C., was put available on the market for $17.995 million in Might 2023. The sale value additionally marks a brand new report for Nice Falls, besting a $12 million sale from 2017.
The sellers had been telecommunications firm LightSpeed Worldwide co-founder Ian Landy and his spouse, Karen Landy. The English-born couple constructed the home, six-stall secure and dressage ring in 2000.
Daniel Heider of TTR Sotheby’s Worldwide Realty represented the itemizing. Thomas Castagnola of TTR Sotheby’s Worldwide Realty represented the client, who stays nameless.
Heider did disclose that the consumers are an area household who intend to make the eight-bedroom, 24,500-square-foot home their main residence, and are “aspiring equestrians,” he advised The WSJ.
The brick-façade property often called “Wildersmoor Home” is about behind a leaf-canopied driveway behind a grand, round motor courtroom. Inside highlights embody French limestone flooring, an octagonal skyline above the lobby, 12-foot ceilings, vast plank cherry wooden flooring and a hand-carved limestone hearth within the formal eating room.
Dwelling facilities embody an indoor swimming pavilion inside an Athenian solarium, a paneled billiards room, a health heart with sauna, a self-contained residence on the decrease degree, an elevator, a wine cellar and a screening room.
The equestrian services embody the six-stall secure, a sand coaching enviornment, three pastures linked to a run-in shed, and ample storage and parking area. The grounds additionally characteristic a number of streams and a pond.
LightSpeed was co-founded by Landy and Lev Volftsun in 1995 and offered to Cisco Programs for roughly $160 million only a few years later.
The couple raised their household on the equestrian property and determined to promote as a result of they had been trying to downsize now that their youngsters are grown.
Nice Falls is a rich commuter suburb of D.C. in Fairfax County, Virginia, the place many heaps vary from 2 acres to five acres at most, Heider advised The WSJ. Wildersmoor Home, subsequently, presents a uncommon alternative for a bigger plot of land within the space. In 2022, Veranda Journal named Nice Falls one of many 20 Richest Towns in America.
The typical gross sales value in Nice Falls throughout This autumn 2023 was $2.2 million, up from $1.75 million the 12 months earlier than, in response to Heider. With just lately falling rates of interest, Heider mentioned shopper confidence is rebounding and offering a lift to house costs.
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