PHOTOS: Johnson & Johnson heirs list newly subdivided estate

A 373-acre plot, which includes a 9-bedroom, 9-bathroom house and a private helipad, is asking for just under $13M
April 21, 2019 09:00AM

The crown jewel of late Johnson & Johnson heiress’ real estate holdings is back on the market.

The late Elizabeth Ross “Libet” Johnson, great-granddaughter of the Johnson & Johnson co-founder, first started assembling her sprawling 600-acre estate called Lightning Tree Farm in 1980. Since her death in summer 2017, her family is selling off pieces of the farm, including a 373-acre parcel that includes the main house for $12.995 million, according to Forbes.

Nestled in New York’s Hudson Valley, the 18,000-square-foot mansion has nine bedrooms, nine bathrooms, eight fireplaces, living quarters for staff, an elevator, a wine cellar, dog room, home theater, and children’s playroom with a stage.

The property also comes with a private helipad and equestrian components including a barn with 18 stables, a carriage room and an outdoor riding ring. There are also four smaller homes, a limestone pool, pool houses and a pond fed by spring water. Marina Schindler of Compass and Candace Anderson of HW Guernsey Realtors have the listing.

Before Johnson’s death from Alzheimer’s, she listed Lightning Tree Farm for $28.5 million. Her family has since decided to subdivide the property and hold on to a few parcels. The smaller slices of Lightning Tree Farm that are on the market include 57 acres for $900,000 and 46 acres for $850,000. [Forbes] – Mike Seemuth