The most expensive residential listing in Richmond just got more affordable.
River Run Manor, a 60-acre estate in eastern Goochland County, has been reduced in price by more than $1 million, from its initial asking price of $7.9 million to its current price tag of $6.8 million.
Built for a member of Richmond’s Massey family, the nearly 16,000-square-foot mansion was listed for sale last October by Richard Bower of Joyner Fine Properties.
It isn’t clear exactly when the price was reduced. Bower did not return messages seeking comment.
Despite the reduction, the property remains the highest priced home for sale in the Richmond market, according to a list compiled by BizSense late last month.
The property was built in the mid-1980s by William B. Massey, a longtime Richmond coal executive whose grandfather founded A.T. Massey Coal Co., more recently known as Massey Energy.
Massey died in March 2014. The property is being sold by his estate.
One of the largest residential properties in the market, River Run Manor features eight bedrooms, nine full bathrooms, five half baths, and a ballroom that can seat 150. The property includes a pool, pool house and a tennis court with a covered viewing area.
The home is located at 2421 River Road West, overlooking the James River and Powhatan County across it.
Bower previously told BizSense the estate took more than a half decade to complete, with construction beginning in 1981 and completed in 1987. The Georgian Revival-style home was built by Taylor & Parrish.
River Run Manor isn’t the only multimillion-dollar listing in the Richmond market to have its price reduced.
Second on the BizSense list of priciest homes for sale in the area is 2100 Dalmore Lane, a 12,000-square-foot mansion on more than 100 acres in Midlothian. Originally listed nearly a year ago, its price was reduced just last week from $6.5 million to $5.95 million.
Third on the list is 1 Starwood Lane, a 14,000-square-foot home in Manakin-Sabot that was listed in March for $4.9 million.