Price further reduced on Kluge estate, though it remains an Albemarle high at $24M

Once among the priciest real estate listings in the country, Albemarle House, the English-style mansion owned by Patricia Kluge and her husband Bill Moses, remains the costliest listing in Albemarle County even after a recent price reduction to $24 million. It was originally listed for $100 million, before dropping to $48 million earlier this year. C’ville Bubble Blog broke the story today.

Facing foreclosure of her winery and operations, as well as $86,000 in unpaid property taxes due to Albemarle County, Kluge and Moses are also subject to a civil suit filed on October 29 by Farm Credit of the Virginias, which holds the lien on their winery property and acreage. That suit alleges a fraudulent transfer of land while Kluge and Moses were in loan restructuring discussions with Farm Credit.

To read more about the pending auction of Kluge Estate Winery and Vineyard and the unpaid taxes, click here. And here.

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