Historic Pennsylvania Fox Family Estate Listed at $15 Million

Historic Riverstone Estate in Foxburg, PA

Photo credit: Jelliff Auction and Realty Source: www.historicwaterfrontestate.com

FOXBURG, PA --One of the East Coast’s most historic properties, with ties to the founding of the Quaker religion and a young Benjamin Franklin, the Riverstone Estate in Foxburg, Pennsylvania is for sale, listed at $15 million.

 The town is named after James Fox, brother of Quaker-founder George Fox who purchased 5,000 acres from William Penn (the State of Pennsylvania is named after the Penn family) in 1685.

William Penn
(Courtesy, Wikipedia)

According to 
TopTenRealEstateDeals.com, the Fox family had vast investments, business holdings and wealth and employed hundreds including Benjamin Franklin as a young accountant.

 In the early 1800s, the Fox family began to build their extensive homestead legacy at the confluence of the Clarion and Allegheny Rivers in western Pennsylvania as their summer home from their native Philadelphia.

In 1828, the original section of the five-bedroom family mansion began construction built of sandstone from the property’s land taking eight years to complete.

 More additions and renovations to the home were added in 1845, 1877, 1910 and 2002 to include four powder rooms, wine cellar, conservatory, music room, 17 fireplaces and English-style pub.

Between the Fox family and more current owners, the entire estate on six miles of river frontage totals 26 structures with several more homes, one-of-a-kind carriage house, greenhouse, timber-stone cottage, chicken house, sugar house for the estate’s maple syrup, equestrian center, several barns including a sheep and an alpaca barn, an aviary and the commonwealth’s first complete arboretum.

Benjamin Franklin
(Courtesy, Onthisday.com)

 The grounds are equally extensive with 23 ponds, onsite gray-stone walls, miles of trails and a cemetery where members of the Fox family are buried. The entire compound is priced at $15 million.

Throughout the 1800s and 1900s, the Fox family attained great wealth through oil, manufacturing and politics, established the town church and library and the Foxburg Golf Club - the oldest continuously operated golf course in the United States.

The family continued to own the property until 1964 after which it passed through several owners, including a lumber company, until the current owners, an Ohio family, purchased the estate in 1996 who went on to expand the property even more.

George Fox
(Courtesy, Wikipedia)

 In 2002, the mansion was taken down to the bare stone walls and meticulously renovated and enlarged to include modern amenities and stunning interior and exterior architectural elements.

 The original dairy barns were converted to horse stables as part of the equestrian complex with the addition of a riding arena, two viewing rooms, vet space, horse showers and two attached residences.

Located near I-80 and the Emlenton Municipal Airport, it no longer takes two weeks of arduous journey over the Allegheny mountains to get to Philadelphia like it did the Fox family.

 Foxburg is a charming riverfront historical town with restaurants, shops, library and an art gallery. The listing agent is Randy Jelliff of Jelliff Auction and Realty, Wellsboro, Pennsylvania.

Randy Jelliff 

CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

Colorado's 17,000-Acre Made-for-Millionaires Diamond Tail Ranch for Sale at $45 million

Diamond Tail Ranch, a 17,000-acre private retreat
on the Laramie River in northern Colorado

                    Photo credit: Hall & Hall          Source: hallhall.com

DIAMOND TAIL RANCH, CO and JELM, WY -- For billionaire workaholics who feel guilty about taking a break, a working northern Colorado ranch with multiple streams of income might be just the ticket.

Raymond T. (Ray) Duncan

According to TopTenRealEstateDeals.com, already with successful management in place, Diamond Tail Ranch is one of the most beautiful in the country with emerald-green fields across its 17,000 valley acres, its 11.5 mile length of the Laramie River brimming with trout, and views of the snow-peaked Rockies.

750 Head of Bison Roam the 17,000-Acre Diamond T Ranch

 It’s a prescription for decompression from worldly concerns where one can kick back with family and friends while the ranch worries about the work and the income generated from its six revenue sources.

It is now on the market for the first time in 40 years, priced at $45 million.

Leisure Room, Diamond T Ranch

Purchased by Ray Duncan, oil wildcatter and owner of the popular Silver Oak Cellars in Napa Valley, Duncan was the consummate entrepreneur with an instinct for developing highly successful businesses.

He began introducing his four sons into the various businesses at a young age and since his death in 2015, each son has continued their father’s work.

    A barn for billionaires, Diamond T Ranch

Now managed by his son Michael, Diamond Tail Ranch has developed multiple revenue streams within its perimeter in conjunction with an overall 12 residences: three owner homes, four guest homes and five that are used by staff.

Dining area, Diamond T Ranch

There is a chapel on a hill and a large dining hall that welcomes special events. The ranch is outfitted with operational support buildings, livestock handling facilities and even a private airstrip.

Ray Duncan started his ranch with domestic beef cattle but found they didn’t thrive well without constant attention and copious amounts of feed during the sometimes brutal winter months.

780-head Corriente cattle breed call Diamond T home

Rethinking, he and his sons switched to bison and acquired 750 head. In the same vein, when reintroducing cattle, they chose Corriente, a hardy range breed only occasionally needing a little hay during the harshest cold.

They now run a 350-head breeding herd year-round and background an additional 450 head in the summer months, selling those in the fall per the pounds they gained during those months.

Buffalo compost retailed as BuffaLoam

Yet another enterprise is the members-only fishing club which is organized to responsibly fish the river trout. Hunting is by reservation to private parties when they are allowed to hunt on a limited basis for antelope, elk bulls and cows and buffalo.

And making use of everything from start to finish, the ranch also sells composted buffalo manure which they sell under the name BuffaLoam.

Brian Smith

Only 45 minutes from Laramie, Wyoming it is a two to three hour drive to Ft. Collins, Boulder and Denver in Colorado.

The property is a beautiful retreat as well as a serious revenue generator. 

The listing agent is Brian Smith of Hall & Hall, Steamboat Springs, Colorado.

CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

National Retail Properties Inc. Declares Dividends for its 5.70% Series E Preferred and 5.20% Series F Preferred Stocks

Kevin B. Habicht

Orlando, FL -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 35.625 cents per depositary share payable September 16, 2019, to shareholders of record on August 30, 2019.

The Board also declared a cash dividend on its 5.20% Series F Cumulative Redeemable Preferred Stock of 32.5 cents per depositary share payable September 16, 2019, to shareholders of record on August 30, 2019.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.

 As of June 30, 2019, the company owned 3,043 properties in 48 states with a gross leasable area of approximately 32.1 million square feet and with a weighted average remaining lease term of 11.4 years.

 For more information on the company, please visit www.nnnreit.com

CONTACT:

 Kevin B. Habicht

Chief Financial Officer

 (407) 265-7348

Marcus & Millichap Arranges $745,000 sale of 10-Unit Xanadu Court Apartments in Gainesville, FL

Chris Travis

GAINESVILLE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Xanadu Court, a 10-unit apartment property located in Gainesville, Fla., according to Chris Travis, sales manager of the firm’s Tampa office.

 The asset sold for $745,000.

Andrew Birr, Casey Babb, CCIM, Luis Baez, CCIM and Shawn Rupp, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  

The buyer, a private investor, was also secured and represented by the four brokers.

Casey Babb

“Through our relationships with multifamily owners and prospective buyers, we received multiple offers and went under contract with a strong buyer within two days of listing the property, said Birr.

  "The value-add deal featured townhome style units with rents that were considerably below market averages.  The buyer and seller were able to close in 60 days.”

Xanadu Court is located at 2421 NW 4th Terrace in Gainesville, Fla.  The property is a ten-unit, 1990’s vintage, apartment community located just 2.4 miles northeast of the University of Florida.

Originally built in 1992, Xanadu Court has been well maintained under the current 12-year ownership. This ten-unit, two-story building with a pitched shingle roof sits on a quiet 0.89-acre site which features an off-street parking lot on the north side of the property.

Andrew Birr

Mature landscaping lines the front entrance, while large trees provide shade for the parking area and the rear of the property. 

Units are a mix of nine 912 square feet two-bedroom, 1.5-bathroom apartments, and one 1400 square feet four-bedroom, two-bathroom apartment.

The two-story townhome style units feature private screened in porches with enclosed laundry rooms, central A/C, ceramic tile floors downstairs and LVT upstairs. 
          

Xanadu Court enjoys an excellent location within the City of Gainesville with access off 13th Street and direct proximity to Downtown and the University of Florida.

Luis Baez

 Gainesville is rapidly developing in the residential and retail sectors. 

Gainesville's multifamily is performing notably well with vacancies and annual rent growth near the best they've been in over a decade.

The submarket has historically had a strong rental market with the median age and home ownership being well below the national average.

The Gainesville region is home to the state’s greatest concentration of 18 to 44-year-olds, as well as the highest number of individuals with advanced degrees, making the metro Florida's youngest and most educated area.

CONTACT:

Whitney Davis
Marketing Coordinator Certfied Agent Support Specialist
Marcus & Millichap 201 North Franklin St. Suite 1100 Tampa, FL 33602 (813) 387-4700 main (813) 387-4743 direct (813) 387-4710 fax whitney.davis@marcusmillichap.com

www.MarcusMillichap.com.