Historic Carter's Grove Sold to Preservationist
Sept. 19, 2014
WILLIAMSBURG, Va. (AP) - An historic Virginia plantation with ties to the earliest English settlers has been sold for $7.2 million.
The Colonial Williamsburg Foundation on Friday announced the sale of Carter's Grove, a Georgian-style mansion southeast of Williamsburg. The property has a commanding view of the James River.
The foundation that operates the heritage tourism site Colonial Williamsburg identified the buyer as Chicago businessman Samuel M. Mencoff. The foundation says he is a respected preservationist who has restored properties in the Midwest and in Newport, Rhode Island.
Besides the 18,700-square-foot mansion, the sale also includes 400 acres that are subject to a conservation easement and addition 76 acres adjoining the property.
A wealthy Virginia businessman purchased Carter's Grove in 2007 but he filed for personal bankruptcy in 2013, leaving the property neglected.
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