Another huge estate has hit the market.
Point Farm is located on a promontory on Virginia's Eastern Shore where two and a half miles of white-sand shoreline surround the estate's 130 acres with panoramic views across the Chesapeake Bay. The farm was purchased by Virginia Beach developer Dan Hoffler in 1989 for $2.5 million (hence the scrolled H on the home's gate). It includes a 16,000 square foot mansion and two parcels with several buildings. The large brick home, built in 2003, sits on a parcel that was assessed in 2004 at $5.4 million while the second parcel of 14.9 acres with a restored farmhouse, a boathouse, pool and pool house, tennis courts and a large garage with living quarters was assessed at $1.76 million. This means that the two parcels in 2004 amounted to $7.16 million which makes the
home's price of $41.75 million quite staggering.
According to this AP article, a new assessment is being undertaken.
The property includes a stable and indoor riding arena, a skeet-shooting range, three stocked saltwater ponds, a hunting lodge, a pier with a boathouse, a heated mineral-water swimming pool and a copper and slate-roofed poolhouse that has a kitchen and a terrace and a tiki bar. The estate also includes the original farmhouse which was built in 1730 and has been elarged and renovated. It has six waterview bedrooms, a kitchen and loggia, a waterside tennis court and brick terraces facing Remus Cove. The main house has a large office that opens to a media room and an exercise room with a full bath. The home includes many porches and balconies and there is a widow's walk on the roofline. The interior design style is cottage life on a grand scale with murals, chandeliers, marble and lots and lots of floral-printed furniture.
