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Mystery buyer grabs Windemere for $3.5M

Jonathan Spiers November 9, 2016 0

The 10,000-square-foot Windemere mansion at 5501 Cary Street Road. (Courtesy CVRMLS)

The 10,000-square-foot Windemere mansion at 5501 Cary Street Road. (Courtesy CVRMLS)

Six months after it went under contract with an all-cash offer, a West End mansion on and off the market for years is finally in the hands of a new owner.

The 10,000-square-foot Windemere mansion at 5501 Cary Street Road closed Nov. 4. The final purchase price was $3.5 million, below the all-cash offer of $3.99 million that put it under contract April 19.

City property records list an entity called George V LLC as the new owner. The LLC is linked to local law firm Ayers & Stolte, which is listed as its registered agent.

Public records do not indicate any individuals behind the LLC. Scott Stolte, a senior partner with Ayers & Stolte, said Tuesday he was not at liberty to identify his clients.

Previously the home of Betty G. Brown – the former wife of the head of Brown Distributing, Larry Brown – the Tudor-style mansion had been on and off the market since Betty Brown bought it back in an auction in 2011 for $2.5 million. That auction followed the Browns’ divorce that resulted in a property dispute that went all the way to the Virginia Supreme Court.

The 18-room home was originally a hunting lodge built in the 1880s, and later converted into a three-story mansion in 1907. (Courtesy CVRMLS)

The 18-room home was originally a hunting lodge built in the 1880s, and later converted into a three-story mansion in 1907. (Courtesy CVRMLS)

The house was most recently listed in 2013 for $4.2 million but had been off-market more recently. Before it could be listed again in April, listing agent Richard Buckingham of Engel & Volkers said he had received competing offers from two prospective buyers.

The winning offer came courtesy of a client of Lucy Williams of The Steele Group | Sotheby’s International Realty, who previously listed the home for Brown when she was an agent with Select Properties of Virginia, now the Richmond affiliate of Engel & Volkers.

Neither agent returned calls seeking comment Tuesday. In April, when the home went under contract, Buckingham described the buyer as local and said the deal was all-cash.

The 18-room home – originally a hunting lodge built in the 1880s that was converted into a three-story mansion in 1907 – once served as the home for then-governor Jim Gilmore for 18 months while the governor’s mansion was being renovated.

The house features Tudorbethan architecture and includes seven bedrooms, eight full bathrooms and two half-baths, a sunroom, center hall, music room and multiple fireplaces. Renovations added a basement with sauna, wine cellar and game room.

The 3-acre property is known for having one of the first swimming pools in Richmond and includes gardens designed by landscape architect Charles Gillette, a separate two-story living quarters off the kitchen and a six-car garage accessible from the basement.

Windemere’s closing comes just days after the purchase of another Tudor-style mansion just down the street: 5103 Cary Street Road, which sold Oct. 30 for $2.5 million.

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