F.C. Tucker and Residential Real Estate and Real Estate & Retail

Ruth Lilly's Crows Nest estate listed at $2.9 million

July 13, 2010

Late philanthropist Ruth Lilly's 22-acre Indianapolis "Twin Oaks" estate has been listed for sale at $2.9 million, real estate agency F.C. Tucker Co. announced Tuesday morning.

The gated property at 555 Kessler Blvd. includes a 7,726-square-foot home, a guest house of about 2,000 square feet and formal gardens. The Crows Nest setting is "shockingly private for its location," F.C. Tucker listing agent Matt McLaughlin said in a media release.

Lilly, who died late last year at age 94, lived in the mansion, served by a personal staff, until her death. She had six nieces and nephews but no children.

The property is already divided into five parcels, but it will be sold in one piece, McLaughlin said. He expects the buyer will be someone who wants to live in the colonial home on 9 acres, but may sell off surrounding parcels. Twof the remaining parcels are 2.39 acres, and two others are about 4 acres each.

"If somebody would want to buy them, sell them off, that's fine," McLaughlin said. "I think it will probably be someboy who would want to live there and have two or three of their friends build an exclusive gated community."

The house has 22 rooms, an indoor pool and private elevator. McLaughlin is showing the property by appointment only, and he said potential buyers must present evidence of their ability to purchase the property.

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