220-acre Williamson County farm sold for $13 million

October 26, 2016

The Tennessean
by Getahn Ward

A Nashville man described as having an affinity for equestrian properties has paid $13 million for a 220-acre farm property in northern Williamson County.

James Mathews bought the agricultural land that includes a home with 6,921 square feet of finished space along with a barn and large indoor riding arena for horses from the Stewart Campbell Jr. Preservation Trust.

“I was told he intends to preserve the property,” said Cooper Magli, the listing broker with Magli Realty Co. in Franklin. “It’s a very highly sought-after area consisting mostly of large estate homes, equestrian properties, things of that nature.”

The property with a Franklin address at 1715 Old Hillsboro Road sits across the West Harpeth River from a roughly 535-acre farm that an entity linked toNashville’s Ingram family bought for $20.35 million five months ago.

The roughly $60,000 an acre that Mathews’ Sunny Meadows LLC paid for the 220 acres topped the roughly $38,000 an acre the Ingram-linked entity paid for the 535-acre farm on the outskirts of Franklin.

The Stewart Campbell Jr. Preservation Trust bought the property just sold to Mathews two decades ago.

Steve Fridrich, the managing broker at Fridrich & Clark Realty LLC in Nashville, called the location in the exclusive Old Hillsboro Road corridor between Leiper’s Fork and Green Hills one of the true equestrian areas between Nashville and Franklin.

“There’s been so much development in northern Williamson and southern Davidson that there’s not as much farmland available,” he said. “For someone who wants to be close to Nashville and Franklin, they can be closer to both. It allows you to be close to Leiper’s Fork.”