A look inside Papa’s $1.3M Shockoe Slip penthouse

Posted at 8:46 AM, Aug 15, 2016
and last updated 2016-08-15 08:46:11-04

RICHMOND, Va. — A Richmond developer’s custom-made Shockoe Slip penthouse has sold to a local couple for $1.35 million.

Tom Papa, co-founder and managing partner of Fountainhead Properties, last week sold his three-level rooftop condo at 1308 E. Cary Street Road in an all-cash deal. The sale, which closed Aug. 1, came in below his original asking price of $1.65 million.

City property records list the buyers as R. Scott and Congetta Anita Kelley. Listing agent Angel Papa of Engel & Volkers Richmond, who listed the property for her husband, said the Kelleys are local and plan to reside in the home. She declined to comment further on the buyers.

Angel Papa said the property received a fair amount of interest since its listing last October, but she said the timing of the listing coincided with an end-of-year dip in the residential real estate market that kept it on the market, she said, “for more days than I would have liked.”

“Plus, it’s always more challenging to find a buyer for a unique property, particularly one that is of a certain price point,” she said.

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