VERSAILLES, Ky. (WTVQ) – After being on the market for nearly seven-years, the “castle” has been sold in Woodford County.
The Lexington Herald-Leader reports the 50-acre property on US 60 sold for $8.7 million to some investors, including Matt Dawson and Danny Bramer.
The sale price for the 50-acre property when it first went on the market in 2010 was $30 million, according to the newspaper.
Lexington contractor Rex Martin, Senior, began building the castle in 1969. He didn’t finish it and it became a curiosity and conversation piece as it sat empty until 2003 when Miami, Florida, lawyer Tom Post bought it for $1.8 million. He rebuilt and restored the castle and opened it as CastlePost in 2008. Post is a graduate of Lexington’s Lafayette High School and the University of Kentucky.
The Woodford County Property Valuation Administrator’s Office lists the castle’s assessed value at $4 million. Its property tax bill last year was $33,353,25, according to the newspaper.