The HOA held a meeting to brief the neighborhood on two projects currently being evaluated by the architectural review board. The couple who own neighborhood’s historic 33,000 sq. ft. Georgian mansion have purchased two houses adjoining their six acre property. One house, a 4,600 sq. ft. dwelling, will be torn down and replaced with lawn. This will be the most expensive house ever torn down in the neighborhood. The other is a 5,700 sq. ft. house which will be reduced in half and serve as a guest house. The mansion is still in the midst of a three year renovation project.
Most of the neighbors were taken aback by the briefing. Tearing down a house just to get the land sets a new precedent in the neighborhood. Forbes estimates the couple’s net worth at $450m. Their charitable foundations have given away over $240 million. They have the wealth to live the way they want. Thankfully, the house to be torn down is not architecturally significant.