Mystery buyer pays millions for Richmond mansion

Posted at 9:56 AM, Nov 09, 2016
and last updated 2016-11-09 09:56:29-05

RICHMOND, Va. — Six months after it went under contract with an all-cash offer, a West End mansion on and off the market for years is finally in the hands of a new owner.

The 10,000-square-foot Windemere mansion at 5501 Cary Street Road closed Nov. 4. The final purchase price was $3.5 million, below the all-cash offer of $3.99 million that put it under contract April 19.

City property records list an entity called George V LLC as the new owner. The LLC is linked to local law firm Ayers & Stolte, which is listed as its registered agent.

Public records do not indicate any individuals behind the LLC. Scott Stolte, a senior partner with Ayers & Stolte, said Tuesday he was not at liberty to identify his clients.

Previously the home of Betty G. Brown – the former wife of the head of Brown Distributing, Larry Brown – the Tudor-style mansion had been on and off the market since Betty Brown bought it back in an auction in 2011 for $2.5 million. That auction followed the Browns’ divorce that resulted in a property dispute that went all the way to the Virginia Supreme Court.

Keeping reading on RichmondBizSense.

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