It’s hard to picture a $25 million property, but even more difficult to imagine that property right down the road in Whitesville. But that is exactly where you will find one of Kentucky’s most expensive real estate listings, marketed by Terri Bass of Sotheby’s International Realty out of Louisville.
A 750-acre gated estate, which has been owned by the Anderson family for over 30 years, went on the market less than two months ago. Three houses are on the property, along with a man-made lake that is over a mile long and could potentially house over 20 lakefront homes.
Sotheby’s International Realty was chosen as the listing agent because of their international draw, larger audience and because this property might not be of interest to “just someone in Kentucky,” said Terri Bass. She has been working with national rehabilitation centers and companies who could use it as a place for business retreats. “No one has stepped up so far,” said Bass, but also added that the Kentucky Department of Economic Development is helping to find the right audience. High net-worth individuals have also been contacted.
When Richard Anderson began acquiring the land that makes up this property, one of his concepts was to build the lake so that it could be used to test hydroplanes. He had to get permission from the state to create a lake with a dam. Now the owners use the lake for sailing, skiing, kayaking and fishing. Other recreational areas include a regulation-sized pool, two tennis courts, a volleyball court, indoor squash courts and picnic pavilions.
The family enjoyed growing up on this property and Mr. Anderson wanted to use the land to teach his three sons work ethic using the farm, building the dam and the managing the property. Though it hasn’t been specifically discussed, Terri Bass feels the selling of the property is the hardest for the patriarch because it is where he worked and played – and created family memories.
The listing of the property showcases the beauty and detail taken by the family to create a unique retreat that has been thoroughly enjoyed for over 30 years by the Andersons and their friends.
