Lehigh Valley

Estate settled by William Penn on the market for nearly $5 million

UPPER MILFORD TWP., Pa. - Potential home buyers are finding fewer options in the Lehigh Valley as of late, but $5 million could snag you what is perhaps the most prestigious property around.

Far off an Upper Milford Township road sits a 120-acre property dating back to William Penn's Walking Treaty.

"Welcome to Fieldstone Farm," said owner Loren Hulber.

Hulber gave 69 News a tour of his four-bedroom, five-bathroom stone home that is a masterpiece in design and historic significance.

"All the stone throughout the house is from the property, that is why called Fieldstone Farm," he said.

A two-sided single hearth fireplace sits in the dining room. A gourmet kitchen, wine cellar, and conservatory are also inside the home.

"The most fantastic home sight in eastern Pennsylvania," Hulber proudly stated.

The secluded grounds come with a two-acre pond, 80 acres of wooded trails, an eight-car coach house, a 100-year-old orchard, organic farm and a pristine 1700s barn, complete with an entertainment room.

Realtor Glen Paisley said the nearly $5 million price tag is justified

"There really hasn't been a property on the market like this property," Paisley said.

If a buyer bites, Fieldstone would be the most expensive property ever sold in the Lehigh Valley by $1 million.

The head of the Greater Lehigh Valley Association of Realtors, Justin Porembo, said overall we are in a seller's market, as there are 45% fewer homes listed compared to last year.

So far in 2017, only two homes have sold for $1 million or more. There were 12 in 2016. A Center Valley home listed for nearly $5 million two years ago is still on the market at a $500,000 price reduction.

"The high end market is a little sluggish right now," Porembo said.

But Hulber feels Fieldstone Farm will buck the trend.

"Everybody loves the property and really wants to stay. People travel for hours on vacation to have only a semblance of what we have here," Hulber said.

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