A Hunting Valley estate that has long held the crown as Ohio's priciest home for sale has quietly trimmed its asking price to roughly $17.5 million. The latest cut, from an initial tag just shy of $20 million in 2024, is a reminder that even at the very top of the Cleveland-area market, trophy properties still have to meet the moment.
The House And The New Price
The shingle-style mansion at 2875 Chagrin River Rd is a roughly 20,686-square-foot, six-bedroom estate on about 61 acres, now listed at $17,499,000, according to Realtor.com. Finished in 2018, the property comes with high-end finishes, a plunge pool, and a detached garage complex, and has been marketed in recent years as Ohio’s most expensive residential listing. Local brokers say homes of this scale typically require long marketing timelines and highly targeted outreach to reach the tiny pool of buyers who can realistically step up.
How The Price Got Here
Listing history shows the house first hit the market in August 2024 at $19,995,000, then was reduced and briefly taken off the market. It reappeared on May 22, at $17,499,000, according to price history on Zillow. Zillow's timeline records a $2 million cut in February 2025 and later relisted this spring, putting total downward adjustments at roughly $2.5 million since the original list. That kind of step-down strategy, with staged cuts and relaunches, is common for one-of-a-kind estates that lack clear comparable sales.
What The Cut Says About The Luxury Market
Nationally, a tug-of-war between higher mortgage rates and solid wealth at the top has kept luxury markets on uneven footing. The latest Realtor.com May housing report notes that list prices are down even as price reductions have started to level off. Chief economist Danielle Hale wrote that sellers "are doing their homework before listing, not after." That mindset helps explain why agents on eight-figure properties are still testing the upper limits, then tightening list prices when the market shrugs.
Local Context
Crain's Cleveland Business has framed the Hunting Valley cut alongside other recent moves at the top of the regional market, noting that Northeast Ohio's luxury tier has been rocked by inventory swings and cautious high-end buyers. The area has seen several headline estates change hands or reprice in recent years, including the long-watched Ravencrest property, which local reporting shows finally sold after an extended marketing period that Cleveland Scene chronicled in detail.
For buyers circling the top of the market, the Hunting Valley discount is likely to stiffen negotiating backbones on similar listings. For sellers, it is one more data point that even marquee properties need realistic pricing and patient, methodical campaigns. The listing, handled locally by Jen Waters' luxury team, is being marketed through The Young Team, where tour information and contact details are available.
