$2M Price Drop On 75-Acre Bucks Co. Estate: See Inside

NEW HOPE, PA — A Bucks County mansion from the 1700s that sits on a 75-acre estate has been on and off the market for the past couple of years. And, now, its asking price is more than $2 million lower than when it was originally listed.

The "legendary" New Hope home, which checks in at a whopping 8,601 square feet with 11 bedrooms and seven full and two half-baths, currently lists at $7,995,000. That's down from $10 million when it was listed in 2017.

At the time, Elm Grove Estate was being offered for sale outside the Paxson family for just the second time since 1680.

The property began with just a stone settler's cottage in the 1600s, then a manor house was built, with additions including a carriage house, barns, workshops and horse stables.

Hidden by an ivy-covered stone wall, it underwent extensive renovations and preservation over the past 15 years.

The main house's features include 10 fireplaces, a large rear patio, and a mansion-sized dining room. There are two floors of private quarters that include a library and a carriage house, three barns and a workshop.

On the property there is a stream, a pond and forested hills

• Address: 5453 York Rd, New Hope, Pennsylvania
• Price: $7,995,000
• Square Feet: 8601
• Bedrooms: 11
• Bathrooms: 7 Full and 2 Half Baths
• Built: 1717
• Features: Newly Priced! Elegant country estate living with endless opportunities for equestrian activities, level pasture ideal for polo, organic farming, beautiful sunrise and sunsets with expansive views. Elm Grove Estate is one of Bucks County's most legendary properties, having been a center of wealth and hunt-country heritage for hundreds of years. Offered outside the Paxson family for only the second time since 1680, this 75+ acre estate was part of the Colonial province of Pennsylvania. The property began with a stone settler's cottage and grew to include a c. 1700 stone manor house with later additions, a carriage house, barns, workshops and extensive stables used by the former owner for her champion thoroughbred-breeding facilities until 2000. Well hidden behind a long, ivy-covered stone wall, the main house, outbuildings and the surrounding preserved countryside feel like an English estate. This Estate underwent extensive restoration and updates during the past 15 years, preserving its architectural details and manor-house proportions while also serving as a comfortable family residence with modern amenities. Built in three sections dating to 1700, 1739 and 1938, the main house is approximately 8, 601 square feet. Outside, the stone has been carefully repointed. Inside, every piece of millwork and moldings, the pocket doors, locks and hardware and the plaster walls are as fresh as they were in the 18th century. There are 10 fireplaces, high ceilings and a bounty of tall sash windows for great natural light. Its wide main entry hall is flanked by an intimate, formal reception room; the hunt room with walk-in fireplace and superb views; and an expansive formal living room that accommodates multiple seating areas and accesses a large rear patio. Throughout its history, this home has hosted grand-scale events. An addition completed in 1938 contains an exquisite formal, mansion-sized dining room with a hand-painted ceiling and tall Jefferson windows with stunning views. Serving this area is a butler's pantry and a true commercial-grade kitchen. Above are 2 floors of private quarters along with a library. There are 10 bedrooms, including 2 main suites, and 7 full baths, plus 2 half baths. The carriage house is updated to offer complete, character-filled living spaces with storage below. There are 3 barns with 14 stalls total, a workshop and storage space galore. The house and dependencies overlook verdant, level fields with a stream, pond and forested hills beyond. Land has been organically maintained. Enchanting on a misty morning and as the dew sets at night, Elm Grove is a prime property ready to add a new chapter to its long and storied history.

This listing originally appeared on realtor.com. For more information and photos, click here.