One of the flashiest pieces of Billy G. Jefferson Jr.’s real estate empire is now up for grabs.
Jefferson’s mansion at 2718 Monument Ave. was put up for sale on May 3. The six-bedroom, six-bath, 8,300-square-foot home has an asking price of $2.4 million.
It’s a “singular opportunity to own an elegant, one of a kind, 2004 mansion on Historic Monument Avenue,” the listing states. Jefferson is a well-known local landlord and developer now awaiting sentencing for orchestrating a multimillion dollar tax credit scheme.
Ceci Amrhein, an agent with Historic Richmond Homes, is handling the sale of his home. She declined to comment Monday.
The residence is co-owned by Jefferson and his now ex-wife Leslie, according to city records. It sits on a 0.27-acre lot at the corner of the Boulevard and Monument Avenue. The 2.5-story colonial features a basement exercise room, a rec room complete with an antique pool table, a mahogany library and a solarium.
It’s the second Jefferson-owned home to hit the residential market since his April 2013 arrest. A home he owned next to the mansion sold last September for $1.08 million.
Jefferson pleaded guilty in December to charges of historic tax credit fraud and agreed to pay $13 million in restitution. He was initially set free on bond to sell off some of his real estate holdings to meet the restitution requirement, only to be sent back to prison for allegedly violating his bond agreement.
No Jefferson-owned properties have sold since his guilty plea.
All of his income-producing properties, which consist mostly of apartment buildings in the Fan and in Manchester, have been taken over by receivers. The Monument Avenue mansion is the only substantial piece of real estate in the city that Jefferson still personally maintains control over. It’s most recent city assessment values the property at $1.5 million.
In an April search of the premises, investigators for the prosecution found in the home nearly $50,000 in cash and tools they allege Jefferson planned to use to bury a hoard of cash.
Jefferson prior to that search had tried putting the home up for sale, according to federal court filings, but prosecutors in his criminal case objected at the time because they did not want a real estate agent entering the structure.
The mansion’s listing also comes just days ahead of Jefferson’s sentencing hearing scheduled for May 9. Prosecutors initially asked for a 6 1/2-year sentence but have since said they will push for 20 years based on new alleged findings and potential new criminal charges in the case.
A separate hearing is set for Wednesday at which a federal judge will consider whether either the prosecution or Jefferson’s defense team are in violation of the December plea agreement.