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Richmond’s mansion market heats up

The property at 214 S. Wilton Road sold last month for $3.76 million. (Photos via MLS)

The property at 214 S. Wilton Road sold last month for $3.76 million. (Photos via MLS)

By Michael Schwartz

RICHMOND, Va. (RichmondBizSense.com) – It’s the commission that has people talking.

By all accounts and according to market data, the sale last month of a West End riverfront property fetched the highest price for a single-family home in Richmond in at least 18 months. And the deal has some agents feeling good about the real estate market’s direction, particularly for more expensive houses.

[PHOTOS: Inside, outside Richmond's million-dollar homes]

The prized property was 214 S. Wilton Road, which features an 8,100-square-foot Georgian style home on two acres marketed as an “incomparable James River estate.”

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