After nearly seven years on the market, Seven Oaks, the Greenwood estate owned by Dave Matthews Band manager, MusicToday founder and real estate tycoon Coran Capshaw sold October 31 for $5.5 million. The 100-acre historic estate was listed for $12.5 million when it went on the market in 2008.
The new owner is an entity called Golden Magnolia LLC, which has a main office address in Parker, Colorado, according to State Corporation Commission records. Local attorney Brian Craddock is the registered agent for Golden Magnolia, and he declined to say who the new owners are. Original listing agent Ross Stevens did not return phone calls from C-VILLE.
Capshaw bought the 6,870-square-foot manse in 2000 for $2.25 million. The 1840s house is on both the National Register of Historic Places and the Virginia Landmarks Register, and features a number of well-preserved dependencies, including a nearly 3,000-square-foot pool house with an outdoor kitchen and vanishing pool. Sadly, most of the original seven oaks have not survived.