$9.5 MILLION ESTATE IS HIGHEST-PRICED RESIDENTIAL SALE IN WESTERN NORTH CAROLINA

Written by Posted On Monday, 20 September 2021 13:30

ASHEVILLE, N.C. (September 13, 2021) — The original residence of Vanderbilt heir George Cecil and his wife, Nancy, has sold for $9.5 million; it is the most expensive residential sale in Western North Carolina. Located at 2 Aboretum Road in Biltmore Forest, the stunning property has been in the Vanderbilt family since the 1890s — the Cecils built the home and resided there for over 35 years. Marilyn Wright, of Premier Sotheby’s International Realty’s Asheville office, represented the buyer; the listing agent was Clary McCall of Beverly-Hanks, South.

The five-bedroom, four full- and two-half-bath home features expansive windows and spacious patios overlooking the private property. A pool, peaceful streams and abundant foliage create a relaxing outdoor oasis. The residence is surrounded by the last undeveloped acreage owned by Biltmore Farms that will ever be available for development in Biltmore Forest.

A prominent businessman, developer and philanthropist, Cecil was the grandson of George Vanderbilt. Cecil headed Biltmore Farms Development Company for decades and was responsible for some of Asheville's most significant developments and economic boons. He passed away in October 2020, at the age of 95.

Wright is ranked No. 1 on the list of AVL Top 100 REALTORS® and is the No. 5 individual agent in North Carolina based on sales volume (REALTrends). She has dominated the luxury market with record-breaking sales. Last week, she closed on the previously highest-priced home in the region: She co-listed the $9.3 million farmhouse estate at 3903 Island Ford Road in Brevard with John Witherspoon of Witherspoon Platt Associates and also represented the buyer in that sale; she sold the same property to the current sellers back in 2016. In 2020, her listing at 398 Vanderbilt sold for $7.7 million — the highest residential sale in the history of the region at the time. 

Quote:

“This legacy property is steeped in history. The residence, land and location presented a unique opportunity that commanded a record sale price. I was honored to unite my buyer with this extraordinary home, and was able to offer a valuable understanding of not only the property but our region.”

— Marilyn Wright, Premier Sotheby’s International Realty

About Premier Sotheby’s International Realty

Headquartered in Naples, Florida, Premier Sotheby’s International Realty has over 1,400 sales professionals in 40 locations throughout Florida and North Carolina. Premier Sotheby's International Realty also benefits from an association with the storied Sotheby's auction house, established in 1744. The brokerage is a division of The Lutgert Companies, a prominent member of Southwest Florida’s business community since 1964. For more information, visit premiersothebysrealty.com.

 

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