LOUISVILLE, Ky. — The palatial home and property of Humana co-founder David Jones and his wife Betty has hit the market, and the asking price is $10 million.
At 35 Poplar Hill Road in the exclusive city of Indian Hills, the house listing describes eight bedrooms, nine baths and several parcels with a total of 43 acres. The home and property are owned by Betty A. Jones Revocable Trust, one of the trusts established by the couple.
The Joneses died within a little over a month of each other last year. Betty died in August at age 86 and David died Sept. 19 at age 88. Both had been in ill health.
David Jones amassed a multimillion-dollar fortune after he and partner Wendell Cherry founded a nursing home business that eventually turned to hospitals then health insurance. Humana, which employs about 46,000 people nationwide, including about 12,000 in Louisville, is ranked as one of the country’s largest insurers. It has a market capitalization of nearly $50 billion, thanks to a recent surge in the company’s stock price.
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The home is located on a hillside roughly between the rear of historic estate Locust Grove and the Interstate 71 right-of-way. The Joneses purchased the property in 1968 and built the home there in 1970. The large two-story brick structure and about 27 acres were sold to the revocable trust for $2.7 million in 2001.
Deed records show the original sellers were Edith and Henry Heuser, another well-connected Louisville family.
The home’s ground floor and second story features nearly 6,700 square feet, with an additional 2,045 square feet of finished basement space. That connects to a lower-level, three-car garage.
Many real estate listings gush over a property for sale to draw prospective buyers, but there appears to be little exaggeration in the description: “Featuring impressive acreage with a combination of pastoral and forested views, this unspoiled tract of land could easily be subdivided into multiple parcels, offering endless possibilities for the estate’s newest owner.
“The estate currently features an 8,000 square foot main house, swimming pool and tennis court, situated on one of the acreage’s stunning vistas overlooking the rolling woodland. Just moments from downtown Louisville and steps from the Ohio River, this incredible Indian Hills retreat offers a truly once-in-a-lifetime opportunity.”
Jon Mand, of Lenihan Southeby’s in Louisville, said there’s been no offers yet. But several people have inquired about buying small lots on the estate, which isn’t in the cards.
The trust intends to have a “transaction in a single sale,” which would include the home and all six parcels. No development companies have made inquires.
Instead, what’s more likely to happen is that someone will buy the entire estate and keep 15 to 20 acres around the home and subdivide a couple of additional parcels for re-sale. With the level of interest, something could be locked down in weeks, not months, he said.
“It’s just such a unique property,” Mand said, in part because so few “legacy” estates go on the market in Louisville.
Clarification: An earlier version of this story misstated the amount of acreage included with the Jones home. The total of all parcels in the listing is 43 acres.
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