After its listing three years ago failed to find a buyer, a century-old riverfront estate has returned to the market with more international reach.
The nearly 10,000-square-foot Rothesay mansion, on 8 acres on a bluff overlooking the James River, was listed May 18 for $4.2 million.
The nine-bedroom, six-bathroom home at 1234 Rothesay Circle previously was listed in 2014 for $4.75 million. The home was delisted the following year, and owners George and Anne Anderson have put it back on the market, this time enlisting The Steele Group of Sotheby’s International Realty.
The property is co-listed by The Steele Group’s Darnley Adamson, Debbie Gibbs, Laura Peery and Bo Steele. Anderson said the group’s affiliation with Sotheby’s gives them the ability to market Rothesay to international buyers.
“We’ve reduced the price from the $5 million level, at $4.2 million with land as-is. I’m thinking probably a buyer from outside of the country,” Adamson said.
The property previously was listed through Long & Foster, which has since joined up with Christie’s International Real Estate. At the time, listing agent James Ashley said he was targeting buyers locally and in the Northeast.
Since listing the home last Thursday, Adamson said he’s received strong interest from two parties.
He said the Andersons are looking to downsize after living at Rothesay most of their lives. George Anderson is the former longtime head of his family’s business, Anderson Strudwick, an independent brokerage firm that was sold in 2011.
“It was his mother’s and father’s house,” Adamson said. “He had been living there, but he’s 90 years old. He’d like to stay there, but it’s more than they feel like they can take on.”
George Anderson grew up at Rothesay after his father, Edward Anderson, purchased the property in 1934. The Tudor-style mansion was built in 1913 by Jonathan Bryan, brother of newspaper publisher John Stewart Bryan.
Totaling 9,700 square feet of finished space, the house totals 19 rooms over three floors, with brick walls, slate roofs and seven wood-burning fireplaces.
Located across the river from Willow Oaks Country Club, just north of the Powhite Parkway bridge and James River Railway Bridge, the property features westward-facing views of the river and brick pathways and gardens designed by landscape architect Charles Gillette.
The property includes a tennis court, pool and detached four-car garage with an upstairs apartment. The property was highlighted in 2010 as the Richmond Symphony Orchestra League’s designer house, opening the home up to thousands of visitors.
Rothesay’s $4.2 million price tag makes it the priciest active listing in the city of Richmond and among the priciest in the greater Richmond area.
The top spot goes to River Run Manor, a 60-acre estate in eastern Goochland County that dropped in price again in March to $4.9 million. The 16,000-square-foot mansion has been on the market since 2014, when it was listed for $7.9 million.
A 13,000-square-foot home in Henrico County hit the market last month for nearly $2.5 million, while a 7,500-square-foot colonial near River and Gaskins roads recently was reduced to $2.4 million. The 6,400-square-foot Summit home near the Huguenot Bridge has been likewise reduced to $2.4 million.
Meanwhile, Tudor-style mansions have been in demand as of late. A 14,400-square-foot Tudor Revival in Windsor Farms sold in February for $3.3 million, while the 10,000-square-foot Windemere mansion at 5501 Cary Street Road sold last November for $3.5 million. Another Tudor Revival at 5103 Cary Street Road sold last October for $2.5 million.