After three years on and off the market, a century-old mansion near the Country Club of Virginia that was tied to one of the families behind a local Fortune 500 landed a buyer in December as one of the priciest home sales in the Richmond area that month.
The 8,300-square-foot “Tiara” mansion at 5511 Cary Street Road sold Dec. 15 for $2.4 million, making it the month’s third-priciest sale, according to the Central Virginia Regional Multiple Listing Service.
The seven-bedroom house with three bathrooms and two half-baths had initially hit the market in 2019 as a for-sale-by-owner, off-market listing that didn’t include an asking price. It was taken off and put back on the market several times, listing in 2021 at $3.1 million. It most recently was listed in September with an asking price of $2.59 million.
Doug Dorsey with Shaheen, Ruth, Martin & Fonville Real Estate had this latest listing, representing the seller, Fontaine Minor.
The widow of the late Philip Minor, whose family founded and is a namesake of Richmond-based Owens & Minor, Fontaine died on Dec. 16, the day after the sale closed.
Dorsey, who previously led Select Properties of Virginia before selling to SRMF in 2020, said he had sold the house to Fontaine and Philip when they purchased it for just over $1 million in 1994.
Ownership transferred to Fontaine individually after Philip’s death in 2008. Philip’s 60 years with Owens & Minor, a healthcare logistics and medical supplies company, included a stint as chairman from 1985 to 1995.
Property records list the home’s buyers as Dennis Lynch Jr. and Jessica Lynch, who put the house under contract in mid-October. They were represented by Cabell Childress with Long & Foster Real Estate.
Childress, who leads local agent team Cabell Childress Group, said his clients desired privacy and declined to comment on the sale.
Built in 1901 at Second and Grace streets downtown, the Colonial Revival with prominent two-story portico was disassembled and relocated in 1924. Wings were added on both sides of the house over the following two years.
Since the Minors purchased it, the house was restored and upgraded over two years, with local firm Taylor & Parrish handling the project. The city most recently assessed the house and 1.6-acre property at $2.84 million.
With 13-foot ceilings on the first floor and 11-footers on the second, the house features several formal rooms and parlors and includes six fireplaces with distinct mantels, a front-to-back foyer on both floors, an elevator and a finished basement. The property also includes a pool, 1,000-square-foot pool house, terraced yard and Charles Gillette-designed gardens.
Dorsey’s listing describes the house’s 8,300 square feet as including all of its four levels, including the finished basement. When the house was marketed as a FSBO in 2019, it was described as a 7,100-square-foot home with eight bedrooms and 3½ bathrooms.
While a notable sale above the city’s assessment, 5511 Cary Street Road was only the month’s third-priciest sale, coming in between four others that all likewise topped $2 million.
Topping the list was 109 Nottingham Road, a 5,900-square-foot colonial in Windsor Farms that sold for $2.78 million, above its October list price of $2.49 million.
Susan Jones with The Steele Group | Sotheby’s International Realty had the listing for seller Caroline Williams. She said Williams is downsizing in the area.
The buyers are Clayton and Joanna Harris. Clayton is a project manager/estimator at Harris Heating & Plumbing Co. in Ashland.
They were were represented by Philip Innes with Re/Max Commonwealth, who also repped the buyers on two other top-five sales the same month.
Jones said the listing received multiple offers that drove up the sale above the asking price. She attributed the interest to the home’s location and recent renovation.
“The seller had completely renovated it with the highest-quality materials. It was just beautifully done and she did a great job of getting it ready for the market,” Jones said.
“We made sure that we had it out there for people to peruse well in advance of the stated date for showings to start, so we had great activity in terms of showings. It drew a great amount of attention,” she said.
Coming in at No. 2 was 308 Hillwood Road, a 6,000-square-foot West End house that sold Dec. 1 at its list price of $2.69 million.
Totaling four bedrooms and 4½ bathrooms, the mid-century modern home in the Hillcrest neighborhood was listed by SRMF’s Scott Ruth and Scott Shaheen for sellers Boyd and Margaret Clarke. The mystery buyer, who purchased the home through an LLC, was represented by SRMF’s Alice Sharp.
Both 109 Nottingham and 308 Hillwood ranked among the top 10 home sales of 2022.
Rounding out the top five for December was a tie for fourth place, according to CVRMLS:
1651 Fayette Road, Manakin-Sabot, Goochland – $2.25 million. Listing agent: Marie-Claire Simpson, Fathom Realty Virginia; buyer’s agent: Philip Innes, Re/Max.
213 Brookschase Lane, Windsor on the James, Henrico – $2.25 million. Listing agents: Susan Benson, Steele Group | SIR and Sue Farrell, Joyner Fine Properties; buyer’s agent: Philip Innes, Re/Max.