RICHMOND, VA – November 27, 2018 – Commonwealth Land is pleased to have facilitated the sale of a portion of the historic White House Plantation, which originally covered 17,500± acres, located on the Pamunkey River in New Kent County. The sale totaled 574± acres for $3,400,000. Randy Cosby and Chris Jenkins represented the Seller in the transaction.
The original plantation was owned by Martha Custis, who married George Washington at the plantation home in 1759. George Washington managed the plantation throughout his lifetime. During the Civil War, the property was owned by W. H. F. “Rooney” Lee, the son of Robert E. Lee, and served as a key logistical location for both the Union and Confederate armies.
Union troops under General George B. McClellan took White House Landing as a supply base during the Peninsula Campaign in 1862, a failed attempt to capture the Confederate capital of Richmond. McClellan later abandoned it as he retreated with his troops during the Seven Days Battles. The plantation house of White House Plantation was burned by retreating Union troops.
The land is surrounded by world-class properties steeped in history, including Lilly Point, Elsing Green, Cohoke, Cumberland Plantation, Cousiac, and the Pamunkey Indian Reservation. Other nearby attractions include Colonial Downs, New Kent Winery and Saude Creek Vineyards.
In addition to the 3,500’± of Pamunkey River frontage, there is 9,600’± of creek frontage and two ponds, which includes a 48± acre wildlife pond. The property is comprised of 300± acres of cropland and nearly 100± acres of timberland, as well as a 6,000± square foot residence.
The property features vast numbers of migratory ducks and geese that call this area home on an annual basis, in addition to healthy populations of deer and turkeys, and other wildlife.
A small group of high net-worth individuals based out of Richmond purchased the property. The group has no plans to develop the property, but intends to explore conservation easements and use the property for recreational purposes. Commonwealth Land generated multiple offers. Dave Lionberger and Brandt Stitzer with Hirschler Fleischer assisted the Seller with legal work.
A video tour of the property can be found at https://youtu.be/D6wO9alu-aA.
About Commonwealth Land
Commonwealth Land is Virginia’s leading source for buying and selling rural, agricultural, recreational and timber investment land with 100 or more acres. Commonwealth Land operates a proprietary database that matches buyers and sellers and provides comparable data to inform each deal. For more information, please visit www.commonwealthland.com.