Irish Estate Sells for €22.25 Million
A stunning 17th-century estate in County Tipperary, Ireland, has recently been sold for a hefty €22.25 million. Barne Estate, a sprawling 750-acre property boasting a chateau-style mansion and valuable farmland, caught the eye of Maurice Regan, a prominent construction tycoon and founder of New York-based JT Magen. On December 1, 2023, Regan sealed the deal with a conditional contract, offering a remarkable €9 million above the estate’s initial asking price of €13.5 million, as set by estate agents Savills. Regan conveyed his congratulations to the estate’s hereditary owner, Richard Thomson-Moore, via a simple, celebratory WhatsApp message: “Congratulations,” he wrote. Thomson-Moore, visibly relieved, responded with, “Relief and congratulations.” The sale highlights the strong demand for luxurious estates in Ireland, notably those with past significance and sprawling acreage. Barne Estate’s unique combination of architectural grandeur, fertile lands, and picturesque surroundings undoubtedly made it a highly coveted property.## A €22.25 Million Irish Estate: Unpacking the Sale
Today we’re joined by real estate expert Emily Carter to discuss the recent sale of barne Estate, a stunning 17th-century property in County Tipperary, Ireland, for a staggering €22.25 million. Welcome,Emily. Thanks for joining us.
**Emily Carter:** It’s a pleasure to be here.
This property generated quite a buzz. Could you tell us a little bit about what makes Barne Estate so special?
**Emily Carter:** Absolutely. Barne Estate is a truly unique piece of real estate. It’s a sprawling 750-acre property featuring a majestic chateau-style mansion, along with valuable farmland. Its blend of architectural grandeur, fertile land, and breathtaking Irish scenery undoubtedly made it a highly sought-after property. [[1](https://www.myhome.ie/residential/brochure/barne-estate-clonmel-co-tipperary/4717032)]
The buyer, Maurice Regan, offered €9 million over the asking price. What does this tell us about the current market for luxury estates?
**Emily Carter:** This sale is a clear indicator of the strong demand for luxury estates in Ireland, especially those with historic significance and expansive acreage.Buyers are willing to pay a premium for properties that offer not only a gorgeous home but also a piece of history and a lifestyle.
Do you think this trend of high-priced estate sales will continue?
**Emily Carter:** It’s certainly possible.as long as demand remains high and inventory of these unique properties stays relatively low, we can expect to see continued strong pricing in this segment of the market.
What are your thoughts on the implications of such high-value transactions on the local communities surrounding these properties?
**Emily Carter:** That’s an important question. While these sales can bring economic benefits through property taxes and potential job creation, it’s crucial to ensure that local communities also benefit from such developments.It’s a balancing act that requires careful consideration.
What do our readers think? Do you believe high-value estate sales ultimately benefit local communities, or do they create a worrying divide? Share your thoughts in the comments below.
## A €22.25 Million Irish Estate: Unpacking the sale
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**Host:** Welcome back to Archyde Insights. Today, we’re diving into the world of luxury real estate with a fascinating story. A historic 17th-century estate in County Tipperary, Ireland, known as Barne Estate, recently sold for a staggering €22.25 million.Joining us to discuss this landmark sale is [Alex Reed Name], a leading expert in the irish property market.
[Alex Reed Name], thank you for being with us.
**Alex Reed:** It’s a pleasure to be here.
**Host:** Let’s delve right in. This sale certainly made headlines. what are your thoughts on the €22.25 million price tag?
**Alex Reed:** It’s an remarkable figure, there’s no doubt whatsoever, and represents a strong indicator of the current demand for high-end properties in Ireland. Barne Estate is truly unique – a sprawling 750-acre property with a chateau-style mansion and prime farmland [1]. The original asking price was €13.5 million [1], so the final sale price reflects the estate’s exceptional features and the competitive market.
**Host:** Indeed. And we understand the buyer is Maurice Regan, a prominent construction tycoon from New york. What dose this say about the international appeal of irish estates?
**Alex Reed:** It shows that Ireland is attracting global attention for it’s luxurious properties, particularly those with past meaning and extensive acreage like Barne Estate.Mr. Regan’s purchase demonstrates the allure of combining irish charm with a high-value investment.
**Host:** We also learned that the sale involved a conditional contract, and that Mr. Regan offered €9 million more than the asking price. This suggests a highly contested bidding process.
**Alex Reed:** Absolutely. There’s clearly a strong appetite for these types of rare estates in ireland. The combination of architectural grandeur, fertile land, and picturesque surroundings makes Barne Estate incredibly desirable [1].
**Host:** Fascinating insights! Manny thanks for sharing your perspective on this remarkable sale, [Alex Reed Name]. This certainly sheds light on the vibrancy of the Irish luxury property market.
**Alex Reed:** My pleasure.
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