The former CEO of a local Fortune 500 is selling his Cary Street Road home for just under $6 million.
Michael Fraizer, former chief executive of Genworth Financial, put his 8,200-square-foot Tudor-style home at 5115 Cary Street Road on the market June 3 for $5.97 million.
The 3.4-acre property in Richmond’s West End was listed by Anne Chewning and Lucy Williams of The Steele Group | Sotheby’s International Realty.
Distinct for its prominent cone-roof-topped turret, the four-level home consists of a total of 16 rooms, including five bedrooms, five bathrooms and three half-baths.
Built in 1926, the brick-and-stone home was designed by Baskervill predecessor Baskervill & Son. Described in its listing narrative as an “English heritage landmark,” the home features English oak flooring, tall ceilings, oak doors, stone and ironwork, intricate plaster and trim, and three wood-burning fireplaces.
The property includes a cobblestone courtyard, reflecting pond, fountain and swimming pool enclosed within privacy walls, fencing and electric gates. Entertainment and exercise areas are included with the property.
The property was most recently assessed at $3.21 million, according to the listing. The city’s online assessment records system was not functioning Tuesday.
According to multiple real estate websites, the property last sold in 2007 for $3.71 million. The city records system did list the current owner as Eastern Horizons LLC.
The registered agent for that LLC, William J. Newman Jr. of Christian & Barton, is also the registered agent for Sports Reality Real Estate LLC, which Fraizer formed in 2013 to launch Sports Reality, an indoor sports venture and training facility in Mechanicsville. The 50,000-square-foot facility serves as a practice facility for professional indoor football team Richmond Raiders, which Fraizer owns with his wife Elizabeth.
The couple’s home address is listed as the principle office for Sports Reality Real Estate LLC.
Fraizer led Genworth Financial as CEO for eight years before stepping down in 2012. He is listed as an operating advisor with local private equity firm Blue Heron Capital and has served as a senior advisor of Scotts Addition-based consulting group The Frontier Project. He previously served in CEO capacities for GE Capital.
Attempts to reach Fraizer were not successful Tuesday. Chewning asked to call back but was not heard from by deadline. A message left for Williams was not immediately returned, and Newman returned a call but said he was not aware of or involved in the listing.
The home adds to other multimillion-dollar listings in the Cary Street Road corridor. Bill and Pam Royall’s Tudor Revival mansion at 5103 Cary Street Road was listed last September for $3.95 million. Nearby in Windsor Farms, a similar-styled mansion at 4603 Sulgrave Road is on the market for $4.95 million. And the 10,000-square-foot Windemere mansion at 5501 Cary Street Road is currently under contract for $3.99 million.