A 52% Cut From $100 Million
March 05, 2010 - Virginia
By Sara Lin from The Wall Street Journal Asia
Unable to sell her 300-acre English country estate in Charlottesville, Va., philanthropist Patricia Kluge is now listing the property at $48 million, 52% off the original $100 million asking price in October.
Ms. Kluge, 61 years old, is the former wife of billionaire John Kluge, founder of the Metromedia broadcast and cellphone empire.
The estate, near Thomas Jefferson's Monticello, includes a 45-room neo-Georgian manse of about 23,500 square feet with eight bedrooms and 13 baths.
The 1985 home also has a theater, spa and sauna. There's a pool, a log cabin, a greenhouse, three stocked ponds, a croquet lawn and several cottages for staff.
The contents of the house, including antiques, art and English furniture will be auctioned by Sotheby's in June.
Michael Rankin of TTR Sotheby's International Realty has the house listing.
This article has been republished from Wall Street Journal
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