$10,750,000
●
House -
Off Market
2227 PENNY LN
THE PLAINS, VA 20198
6 Beds
7 Baths,
2
Half Baths
8,000 Ft²
$96,240
Est. Monthly
About This Property
Oakendale Farm, a prestigious 435-acre estate dating to 1938,
represents the pinnacle of equestrian living. Designed by
celebrated architect William Lawrence Bottomley and crafted by
master builder W.J. Hanback, this Colonial Revival stone manor
commands breathtaking vistas from the Bull Run to the Blue Ridge
Mountains. The estate's gracious interiors feature wide-board
walnut flooring, a curved staircase, and elegant formal spaces
including a banquet-sized dining room and handsome paneled library.
Multiple courtyards connect the manor to additional structures
including a private office, guest house, and a custom greenhouse.
The grounds showcase meticulously manicured gardens, a 60-foot pool
with pool house, and extensive equestrian facilities. Protected by
the Virginia Outdoors Foundation across two parcels, Oakendale Farm
offers unparalleled opportunities for countryside pursuits and
distinguished entertaining.
Unit Size
8,000 Ft²
Days on Market
26 days
Land Size
435.00 acres
Price per sqft
$2,450
Property Type
House
Property Taxes
$2,844
HOA Dues
-
Year Built
1940
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Bright MLS #VAFQ2010208)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Feb 2, 2025 | In contract | - | |
| In contract | |||
| Dec 22, 2024 | Price Increased |
$19,600,000
↑ $5M
(33.3%) | |
| Price Increased | |||
| Nov 11, 2024 | Price Decreased |
$14,700,000
↓ $5M
(25%) | |
| Price Decreased | |||
| Oct 13, 2023 | Listed by Thomas and Talbot Estate Properties, Inc. | $19,600,000 | |
| Listed by Thomas and Talbot Estate Properties, Inc. | |||
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Property Highlights
Elevator
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Fauquier
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Listed by: John Coles
Thomas and Talbot Estate Properties, Inc.
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# VAFQ2010208
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Thomas and Talbot Estate Properties, Inc.
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# VAFQ2010208
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