Beverly-Hanks Realtors announced a monumental closing at 2 Arboretum Road in Asheville. The Sept. 13 sale represents the last undeveloped residential acreage owned by Biltmore Farms available for purchase within the town of Biltmore Forest. The record-breaking property sold for $9,500,000.
“It has been Beverly-Hanks’ privilege to work with the George Cecil family and Biltmore Farms for more than 40 years,” said Neal Hanks, president of Beverly-Hanks. “We’ve handled thousands of transactions and many high-profile sales during our long-term relationship, but it is a genuine honor to have been entrusted to market the Cecil’s family home. Its sale is one of the most significant in Asheville’s history and continues the family’s history of welcoming folks to Western North Carolina.”
“The friendship and working relationship between our two companies dates back to when our respective fathers first entered the real estate business,” said Jack Cecil, president of Biltmore Farms. “This partnership was founded on mutual trust and respect for each other, which continues to this day.”
Clary McCall, residential broker associate from Beverly-Hanks’ Biltmore Park office, represented the sellers, members of the George Cecil family who are descendants of George W. Vanderbilt.
According to McCall, “few properties in Biltmore Forest are as steeped in Asheville’s history, and it was a privilege to use the full extent of my luxury real estate experience to achieve this record-breaking sale. Having the family’s confidence and trust means everything to me. I look forward to sharing those same skills with each of my clients.”
The 45 acres of forested land surrounding 2 Arboretum Road and its four acres have been in the Vanderbilt family since the 1890s when George W. Vanderbilt chose Western North Carolina as the location for his home, Biltmore House. George H. V. Cecil, grandson of George Vanderbilt, and his wife, Nancy O. Cecil, built 2 Arboretum as their family home. They lived in the quiet enclave for more than 35 years. The rock bridges along Arboretum Road were designed by Frederick Law Olmsted.