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.
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