The 4,620-acre Magnolia Plantation is being offered for sale for the first time in more than 50 years, according to broker Jon Kohler. The property was purchased in the late 1950s by John Thomas of St. Louis and is currently owned by the Thomas family.
ALBANY, Ga. -- Magnolia Plantation, some 15 miles from Albany, is being offered for sale for the first time in more than 50 years, according to Jon Kohler & Associates of Lamont, Fla., which has been named as broker.
In an account of the 4,620-acre plantation's history, the Kohler website, www.jonkohler.com, states that the land was purchased in the late 1950s by Charles Allen Thomas of St. Louis from the Nimmick/Minnix family and is currently owned by the Thomas family.
Charles Thomas was a scientist and an important figure in the Manhattan Project, the development of the first atomic bomb, according to Kohler.
"At one time (Magnolia) totaled over 15,000 acres and was one of the most cherished private estates in the country," Kohler said. "Now the opportunity is at hand for another to step in and create their own memories and at the same time make a great investment."
Among the improvements and attractions associated with the property are the Thomas main house, built by noted 20th century architect Edward Jones; three additional guest houses; a manager's House; employee houses; numerous lakes and ponds, and a 14-stall horse stable. Kohler said the property is also home to great numbers of wild quail.
According to Kohler, while area plantation properties might currently sell for $2,700 to $4,000 per acre, no specific price has been posted for Magnolia. The brokerage firm maintains a list inclusive of the "handful" of people worldwide who might be considered viable prospects for the plantation. Kohler said a letter of intent had earlier been tendered for the property but it "fell through."
"This is a very very special place," Kohler said. "One of the unique attributes of Magnolia is its two-mile expanse of frontage along the Chickasawhatchee Swamp, an ecological treasure trove, second only to the Okefenokee as the largest Southern deepwater swamp and riparian watershed in Georgia. In normal circumstances, such a property would never be offered to the public. Instead, it would be presented over time to the family's circle of friends and relations."
According to Kohler, the Thomas family is "pragmatic" about the current market and hopes to close on the property before Dec. 31. Further information is available at the broker's website.