Residential Real Estate

The 36-acre listing near Magnolia Green in Chesterfield was the priciest residential real estate transaction in January, beating out a century-old house in Richmond that likewise came in above the $3 million mark.

Markel | Eagle Partners acquired the second of six parcels it needs for Avenlea, which was approved three years ago for a mix of residential neighborhoods, a commercial district and a corporate campus along the north side of Interstate 64.

Local developer Spy Rock Real Estate is behind the project, which would replace the long-running gym and tennis club.

LifeStyle Home Builders and Main Street Homes have transitioned to employee stock ownership plans, or ESOPs, in which employees share ownership interest in the company through shares of its stock.

“It’s really going to be the nicest condominium product ever delivered in Richmond,” said Clint Mann, who previously helped market the condos at Rocketts Landing. “We’ve put a lot of thought and design in this.”

The company is now active in the Wilmington market with recent approvals for a 253-unit apartment development and a 49-home subdivision.

StyleCraft Homes is planning 94 more units on land it recently purchased at the shopping center’s northern end, adding to 108 it’s been building nearby.

Both homes were listed by Long & Foster’s Margaret Wade, who also had December’s No. 3 sale and closed them over three consecutive days.

The project is planned for just over 8 acres across Hilliard Road from the Belmont Recreation Center that anchors the century-old golf course.

“You never would have seen this design in Brandermill until now,” said Andy Wyman, an area real estate agent who said the house is the first on the waterfront to replace a tear-down of an older home.