Jailed developer puts Monument Ave Mansion on the market for a mere $2.4 million

Champagne wishes and caviar dreams on Monument Avenue could be yours.

May 6, 2014; 9:17 AM • by Richard Hayes

If you’ve ever dreamed of living on Monument Ave. and casually strolling to the Easter Parade while the nanny watched the children now is your chance.

Jefferson’s mansion at 2718 Monument Ave. was put up for sale on May 3. The six-bedroom, six-bath, 8,300-square-foot home has an asking price of $2.4 million.

It’s a “singular opportunity to own an elegant, one of a kind, 2004 mansion on Historic Monument Avenue,” the listing states. Jefferson is a well-known local landlord and developer now awaiting sentencing for orchestrating a multimillion dollar tax credit scheme.

Billy G. Jefferson Jr. pleaded guilty back in December of historic tax credit fraud. His plea meant he was on the hook for $13 million in restitution. He had avoided jail time while out on bond but ended up in jail after allegedly breaking terms of his bond.

The quote above came from Richmond BizSense which has more details on Mr. Jefferson’s alleged bond breaking, including the possibile plans to bury $50,000.

Image: Richmond BizSense.com