ASHEVILLE – The most expensive home to sell in Asheville in at least 20 years is off the market after buyers agreed to a price tag of $7.7 million.
The Ellsleigh estate, located at 398 Vanderbilt Road, was designed by renowned architect Harrie T. Lindeberg for the late Robert Lee Ellis, former president of Coca-Cola Bottling Company of Asheville, and his wife, Nan, according to a Sept. 11 press release from Premier Sotheby’s International Realty.
The home was listed by Marilyn Wright, an agent in Premier Sotheby’s Asheville office.
Built in 1927, the estate features five bedrooms, six full and four half-baths and is situated on 4.5 acres overlooking the fairway of the 13th hole on the Biltmore Forest Country Club Golf Course.
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“This incredible home, given its age, was in impeccable condition,” Wright said in her agency’s release. “The fact that it went under contract in 33 days — and was the most expensive home sale in the last 20 years — speaks volumes to the desire of ultra-luxury buyers to call Asheville home.”
Wright told the Citizen Times it was likely the most expensive home sale in the city’s history. Her agency was unable to find records of an earlier sale surpassing that amount.
“That home was exceptional,” she said.
The sale closed Sept. 10. Wright said the buyers did not want their identity known, but that they were coming from the Washington, D.C., area.
This comes amid an unexpected jump in the sale of extravagantly priced homes in the mountains — purchased primarily by out-of-state residents.
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Overall, real estate sales slowed nationwide as the pandemic shut down businesses and put many out of work. But there was a surge in buying activity as coronavirus restrictions were eased and wealthy families who were considering a move decided to pull the trigger.
Most of the high-end buyers in Buncombe County are coming from out of state, particularly the Northeast and Florida.
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