Wednesday, February 24, 2010


The price on the Kluge Estate has been cut in half to 
only $48 million.

Patricia Kluge put her 300-acre estate on the market for
$100 million back in October of 2009.
The $100 million price point made the estate one of the most expensive listings in the United States. Kluge's real estate agency, Sotheby's International Realty, advertises the eight-bedroom, thirteen-bathroom Georgian Single Family home as one of the most important residences in the United States.
However, apparently the $100 million price tag was a bit too optimistic a price for the Albemarle County estate.
"We chose a price of $100 million based on some other sales of spectacular properties around the world," says Albemarle House listing agent Michael Rankin of Sotheby's International Realty. "We went out into the market for three months and didn't achieve that price."
Rankin expressed optimism that the new price "reflects where we are in the market."


  1. I wonder if they accepted my first low-ball offer?

    Btw, I didn't realize that was you on my blog! Hope the snow misses you this time.

  2. hg - i *really* hope the snow misses us.
    good lord, we've had enough to last 3 winters.

  3. But remember, they aren't having any financial problems.

    Have you been reading the Cville Bubble Blog? They've been tracking things with a nice about of snark.


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