A recently renovated home in Chestnut Hill, one of Philadelphia’s most affluent neighborhoods, has hit the market for a whopping $4.25 million, writes Ryan Mulligan for the Philadelphia Business Journal.
Dating back to the 1880s, the home spans around 8,500 square feet across three floors and has been given a full facelift over the last eight months by Blake Development Corp. of Philadelphia. Located on Chestnut Hill Avenue, the residence occupies two-thirds of an acre and faces an entrance to Wissahickon Valley Park.
The property began as two Queen Anne-style homes and was combined into one single-family home in 1925 by Richard L. Austin, the first chairman of the Federal Reserve Bank of Philadelphia, as a wedding present for his daughter.
It offers a spacious great room, a renovated kitchen with granite and marble countertops, living room opening to a back patio, and a cozy den. The outdoor space is usable year-round thanks to a heated wood ceiling.
Other notable features include a primary suite with marble tub, an infrared sauna, and a flexible area that could be used for a media room or home gym. That’s in addition to two ensuite bathrooms, four bedrooms, and two half-bathrooms.
Read more about the Chestnut Hill home now on the market for $4.25 million in the Philadelphia Business Journal.
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Editor’s Note: This post first appeared on BUCKSCO Today in December 2025.
