Capshaw estate on the block

Seven Oaks, the historic Greenwood estate owned by DMB manager, Musictoday founder and real estate magnate Coran Capshaw, is for sale for $12.5 million. The 1840s, 6,870-square-foot house is on the National Register of Historic Places and is a Virginia Historic Landmark.

Capshaw bought the Greek Revival manse and accompanying 100 acres in 2000 for $2.25 million. The property, protected from development by a conservation easement, is currently assessed at $4,380,800.

According to the Virginia Department of Historic Resources, the estate is significant for its well-preserved collection of outbuildings, the oldest of which is a log structure known as Black's Tavern. Those buildings once housed another Capshaw enterprise, Red Light Management, which moved to town to the former SNL building in late 2005.

Among the dependencies are four tenant houses and a 2,870-square-foot pool house with outdoor kitchen, home theater and vanishing edge pool. A studio, gym, stables and vineyard are part of the package.

Calls today to Capshaw and listing agent Ross Stevens were not immediately returned.


Is Capshaw going to leave town?
That would most certainly kill the village.

The Hook spoke with broker Ross Stevens this morning, who confirms that Capshaw is moving to another property in the Greenwood area.

"He's done an amazing preservation of Seven Oaks," says Stevens. "It's almost like a colonial village up there."

And despite the softness of the real estate market, even at the high end, Stevens calls Seven Oaks a "very desirable, turnkey property."

This would make a fabulous episode of "Flip This House".
Purchase Price : 2.25 million
Improvements : 1.?? million ?
Selling Price " 12.5 million
Profit 9.?? million????????

Capitalism at its best.

Is the Hank Tiffany (lawyer/smuggler? extraordinaire`) estate available?
Does it still have its own airplane landing strip?
As I remember, it is/was in the Greenwood area.