One of the pricier residential listings to hit the local real estate market so far this year has come in the form of a 38-acre estate with water views near Sandston.
Listed May 26 for $4.3 million, the Eberhard Pond estate includes a 7,300-square-foot house and the 9-acre namesake pond. The property is at 3535 Meadow Road on the north side of Interstate 64 in eastern Henrico County.
Elaine Eberly with Allegiance Real Estate has the listing. The seller is Anthony Owen, an Altria retiree who Eberly said is moving out of state.
“With some reservations,” Eberly added. “He loves it there so much.”
Owen had the house built in 2004, when he purchased the land for $230,000, Henrico property records show. The county has assessed the improved property at $1 million.
Located about a mile east of the I-295 interchange, the property is anchored by Eberhard Pond, a stocked fishing pond formed by a spillway that Eberly said was constructed in the late 1800s.
The pond is named for Robert Psalter Eberhard, who Eberly said not only built the spillway but also served as stationmaster for a nearby train station, was a postmaster general and country store proprietor, and was owner-operator of a grist mill, parts of which are visible on the property.
“It has a lot of history to it,” Eberly said.
In addition to fishing and boating on the pond, the property includes opportunities for hunting, hiking and watching wildlife, she said. The largely wooded property includes a shooting range, while the grounds closer to the house include a gazebo, patios, verandas and landscaping.
Designed by local architect Glenn German and built by Avent Homes, the three-level house totals 13,400 square feet of space, 7,300 of those considered living space. It has five bedrooms and 4½ bathrooms and is oriented so that every room has a view of the pond, Eberly said.
“They’ve spared no expense in getting the finest artists there,” she said, noting work by local stonemason Brent Leftwhich. “They’ve just gone to every length to make sure that this is a house that they would enjoy, and they have for a number of years.”
The house also includes two stone fireplaces, two laundry rooms, a bar room with billiards table, two- and three-car garages, and a taller garage for RV or boat storage.
Eberly said she’s received some initial inquiries since listing the property just before Memorial Day weekend.
The listing’s price tag is one of the biggest seen in the Richmond area so far this year. In April, a 12,500-square-foot house in Windsor on the James in western Henrico hit the market for $4.2 million.
Eberly said the asking price for Eberhard Pond was determined based on conversations with the architect and builder on what it would cost to construct the house today, as well as other market and property considerations.
“Just trying to find out what the value of the home was from being able to replicate it, in addition to the pond, and it also has several other building sites that have water view,” she said. “It’s comparable to some other properties in Virginia and up and down the East Coast that have some of these same amenities.”
Eberly, who was referred to Owen by another client, said she plans to market the listing with an emphasis on executives relocating to Richmond. She said the property could also appeal as an events venue.
“With all of the new businesses in the Richmond metropolitan area, I’m thinking that some executive might just fall in love with this,” she said. “Something out of the hustle and bustle of the city where they’ve got their own private oasis that is just truly a gem.
“It would also make a fantastic corporate getaway, a wedding venue,” she said. “It has so many different opportunities.”