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21846 Trappe Road

Sandy Lerner Of Cisco Systems Sells Ayrshire Farm In Upperville Virginia For $19.8M
SOLDSingle Family

Sandy Lerner Of Cisco Systems Sells Ayrshire Farm In Upperville Virginia For $19.8M

21846 Trappe Road

$19,800,000

$1,164/SF

Building Size

17,000 SF

Asset Type

Single Family

Closing

Mar 3, 2026

AI

The property located at 21846 Trappe Road in Upperville, VA, is a single-family asset that spans 571 acres. The sale was finalized on 03/03/2026 for $19,800,000. The estate comprises 17,000 square feet and has a price per square foot of $1,165.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $19,800,000
  • Address: 21846 Trappe Road
  • Market: Upperville, VA
  • Seller: Cisco Systems
  • Broker: Michael Rankin - Sotheby's International Realty
  • Acres: 571
  • Square Footage: 17,000
  • Price per Square Foot: $1,165

Sandy Lerner, co-founder of Cisco, was the seller of this estate, known as Ayrshire Farm. The sale represents a significant return on investment, nearly tripling her initial purchase price of $7 million from 1996 following a multi-year restoration that emphasized the preservation of historic details alongside the addition of modern amenities.

Players

Michael Rankin

Sotheby's International Realty

Broker

$30.1M

vol

3 deals

Broker
Cisco Systems
Cisco SystemsSeller

Upperville Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.80%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93