The Biltmore Forest estate, a historic home with ties to a Founding Father, is now on the market for $9.75 million. This property, known as 'New Gunston Hall' or 'Franklin Hall', has an intriguing history and has been a subject of speculation, particularly regarding its potential connection to the Obama family's post-presidency plans.
The home, designed by Waddy B. Wood and built in 1923, is a significant architectural masterpiece. It was commissioned by William Mason, a great-great-grandson of George Mason, the Founding Father who drafted the Virginia Declaration of Rights, a key document in the creation of the U.S. Constitution's Bill of Rights. Mason aimed to reconnect his family with their historical roots by replicating the style of George Mason's original Virginia estate, which had been sold in 1868. This replication made 'New Gunston Hall' a landmark in American architecture, as the first house built to mirror one of the nation's most significant eighteenth-century homes by a direct descendant of the original builder.
Located in the Biltmore Forest historic district, the estate spans 11 acres and boasts nine bedrooms, five full bathrooms, two half-bathrooms, eight fireplaces, and over 8,600 square feet of living space. The property's architectural significance is further emphasized by its contribution to the American Colonial Revival style, seamlessly blending the architectural philosophies of the 1920s. The home's construction was one of the first major developments in Biltmore Forest, and it was featured in a 1925 history book about the burgeoning community.
The estate has a fascinating history of ownership. It was sold multiple times since its construction, with the most recent sale to James and Sherry Taylor in 2012 for $1.8 million. The Taylors' extensive rehabilitation efforts were recognized with a Griffin Award in 2018, showcasing their dedication to preserving the home's historical integrity.
However, the property's connection to the Obama family remains a mystery. In 2014, rumors circulated that President Barack Obama and First Lady Michelle Obama were considering Asheville as a potential post-presidency residence. A White House spokesperson denied these claims, and a contractor on the property confirmed it was not for sale. The Obama Foundation's lack of response to inquiries further adds to the air of mystery.
Despite the lack of concrete evidence linking the estate to the Obamas, the property's historical significance and architectural grandeur make it a notable addition to the market. Alec Cantley, the listing agent, emphasizes the estate's importance as one of Asheville's most significant historic residences, reflecting the enduring legacy of Biltmore Forest. The high price tag of $9.75 million reflects the property's unique history and the exclusivity of its location, making it a rare and desirable investment opportunity.
In conclusion, the Biltmore Forest estate, with its rich history and architectural splendor, offers a glimpse into the past while presenting a unique and valuable asset in the current market. The ongoing speculation surrounding its potential connection to the Obamas adds an intriguing layer to its already fascinating story.
