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The $70 Million Mellon Estate To Be Sold Parcel by Parcel

  • August 10, 2015

by Tianna Mañón

The $70 Million Mellon Estate To Be Sold Parcel by Parcel: Figure 1
The Mellon estate is being split up into easier-to-sell parcels.

Potential buyers no longer need $70 million to afford the Mellon estate in Virginia.

The New York Social Diary reports that the estate is being broken up into 12 parcels, which will be sold individually. The move comes as a response to the fact that the home hasn’t found a buyer since it was listed last summer.

The $70 Million Mellon Estate To Be Sold Parcel by Parcel: Figure 2
The Mellon’s brick home is one of the parcels being sold by itself

The massive Upperville estate of Paul and Bunny Mellon spreads out over 2,000 acres and has its own jet landing strip. It was listed in August 2014 by Washington Fine Properties. One of the parcels is the famed brick house which was built by Paul Mellon for his first wife, Mary Conover Brown. That is listed for $7.25 million. The other parcels range in size from about 75 to 500 acres.

“We have made a decision to move now to speak with parties who have expressed an interest in parts of the property, and those include neighbors,” Tom Anderson of Washington Fine Properties told New York Social Diary.

See other articles related to: virginia, mellon estate

This article originally published at http://dc.urbanturf.com/articles/blog/the_mellon_estate_splits_up_to_increase_buyer_interest/10225

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