Local

Marked down: No one wanted to buy John Edwards’ house for $6.9 million

The home of John Edwards in Chapel Hill, seen in January 2007. The buildings include a gymnasium, a pool, a raquetball court and a 10,778 square foot main home.
The home of John Edwards in Chapel Hill, seen in January 2007. The buildings include a gymnasium, a pool, a raquetball court and a 10,778 square foot main home. Ethan Hyman

John Edwards listed his Chapel Hill estate for $6.9 million in December 2016, and it’s still on the market nearly a year later.

But now it’s $1 million cheaper.

You could be the new owner for a cool $23,000 or so per month, according to mortgage estimates for multiple real estate websites such as Zillow.

The former Democratic senator, vice presidential nominee and presidential candidate built the home with his late wife, Elizabeth. It’s one of the largest in the area.

Orange County property records show Edwards still owns the nearly 26,000-square-foot estate at 1201 Old Greensboro Road, which sits on more than 100 acres. The total land and building value is listed at $4.45 million, according to 2017 property records. The total value was previously listed at about $5.58 million in December 2016.

The five-bedroom main house is linked to a four-bedroom guest annex, centered on a full-size basketball court with a UNC-Chapel Hill theme. Edwards graduated from the UNC School of Law. The main house is about 10,800 square feet.

The house also has 11 bathrooms; vaulted ceilings; an arched stone wall and fireplace; wide-board pine flooring; a game room with its own kitchen, pool table and fireplace; an exercise room; men’s and women’s locker rooms; a sauna; a handball court; a covered, heated swimming pool; an elevator; skylights; covered terraces; an outdoor kitchen; and a four-car garage.

The Edwards family bought the land in 2004 for $1.32 million, according to Orange County property records. The land previously belonged to Paul and Robert Guthrie, county records show.

The Edwardses and their two younger children moved in to the gated estate in 2006, after Edwards was unsuccessful in his bid to be vice president as John Kerry’s running mate in 2004. Edwards would launch his own unsuccessful campaign for the presidency in 2008.

Edwards listed the house because of the length of his commute to his Raleigh law office, Edwards Kirby.

Abbie Bennett: 919-836-5768, @AbbieRBennett

  Comments