Home | Newsletter | Advertise
loading...

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

  • August 10th 2015

by Tianna Mañón

✉️ Want to forward this article? Click here.

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: mellon estate, virginia

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

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse