December marked a big end to a busy year for Richmond’s high-end residential market.
Ten home sales surpassed the $1 million mark around the area last month, according to the Central Virginia Regional Multiple Listing Service.
The top sale for the Richmond market in December was an equestrian estate in Chesterfield County that sold for $1.87 million. The sale of the 400-plus-acre property at 12830 River Road closed on Dec. 16 after going up for auction in September.
Chip Jones of Motleys Asset Disposition Group handled the auction of the property that includes a 6,000-square-foot home.
“There were no hiccups whatsoever, it just took a while to get everything together,” Jones said of the delayed closing date. “There were several moving parts with people boarding their horses there.”
The sale allowed for several different parcels to be auctioned off separately, but the highest bid was made for the whole property. It came from an entity called Jones Keith Properties LLC.
Chip Jones didn’t give any additional information on the buyer.
The month’s second-priciest home sale was an 8,800-square-foot mansion in the Broad Run neighborhood in Goochland County near Hermitage Country Club. The 328 Rolling Lake Court home went for $1.55 million on Dec. 18 after being on the market for only about six weeks.
Listing Agent Pam Diemer of Long & Foster said the speed of the sale was unusual for that type of home.
“Typically for a property of this size and at this price point, it could take closer to a six-month marketing time frame or longer,” she said.
She attributed the quick sale to the home’s amenities, which include a pool, cabana house and space for recreational use. The five-bedroom home sits on four acres and backs up to a lake owned by Hermitage Country Club.
“This house was all custom-designed and built on a French country estate. Quite spectacular,” Diemer said.
County records indicate that Kevin and Kirsten Knull bought the property from John and Holly Simmons. Diemer did not share any information on the buyer or seller.
Of the 10 $1 million sales, only one was made in the city of Richmond, at 4809 Lockgreen Circle in the Lockgreen neighborhood.
Bagley and Kathleen Reid purchased the home for $1.07 million from Glenn Moore, according to city records. It was once owned by late local developer Henry Stern.
The others were made in surrounding counties, including Goochland, Hanover, Henrico and Chesterfield counties.
The homes that topped $1 million in December were:
12830 River Road – $1.87 million
328 Rolling Lake Court – $1.55 million
2453 Maidens Road – $1.475 million
2601 Causeway Drive – $1.47 million
7024 Constance Hill Lane – $1.268 million
8037 Clay Farm Way – $1.215 million
16025 Drumone Road – $1.211 million
717 Old Stream Road – $1.150 million
4809 Lockgreen Circle – $1.07 million
12748 Ellington Woods Place – $1.041 million