WSJ News Exclusive | A Virginia Estate Near Trump Winery Looks to Yield $75 Million

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WSJ News Exclusive | A Virginia Estate Near Trump Winery Looks to Yield $75 Million
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A 4,500-acre estate on the same road as Trump Winery could become Virginia’s residential record-holder if it sells close to its $75 million ask

The enormous Virginia estate of former wireless telecom entrepreneur Tom Sullivan maintains the scale and amenities of a luxurious historical theme park.

There is, among other things, a two-lane go-kart track, a 180-foot waterslide leading to a lake, 26 houses, two lakefront beaches, miles of trails and even antique carriage tours led by former Budweiser Clydesdale horses. The property requires a full-time staff of 20, plus contractors. Now after two decades the entire 4,500-acre operation is going on the market for $75 million.

If it secures anything near its asking price the estate would become the most expensive residential property ever sold in the state, far surpassingof AOL co-founder James V. Kimsey’s Northern Virginia home earlier this year. Daniel Heider of TTR Sotheby’s International Realty, the listing agent, noted the estate could be used as a corporate retreat or as a resort.

The Sullivan property sits on a well-known winery route in Southern Albemarle County near Charlottesville. Big names abound: At one point roughly half the property was owned by French billionaire Bernard Arnault, who heads luxury goods giant LVMH . The property is on the same stretch of road as the Trump Organization’s Trump Winery, which at one point was owned by the late John Kluge, once America’s richest person. The strip is also home to Blenheim Vineyards, which is owned by musician Dave Matthews, and to Early Mountain Vineyards, owned by AOL co-founder Steve Case and his wife Jean Case.

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