Louisiana Plantation on Market for $1 Million

By Douglas A. McIntyre Updated Jan 13, 6:40AM EST · Published Jun 18, 9:05AM EDT

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Louisiana Plantation on Market for $1 Million — © Thinkstock

A throwback to the Old South is on the market for $975,000. Built in 1700s, it sits on the Mississippi. A nice spot, unless an owner worries about periodic flooding.

5539 39 Hwy. in Braithwaite is not a very large plantation. The house is 2,500 square feet, which includes three bedrooms, two full baths and a half bath. It does, however, sit on a large parcel — 10 acres.

For some reason, it has not sold. According to comments on Realtor.com:

On the market for nearly a year, Mary Plantation popped up from out of nowhere this week. We’re glad it did. Built in the late 1700s (!) and recently restored, it is a piece of Creole history for less than a million bucks. You can even show your devotion to this historic property in the on-site private chapel.

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The listing:

Mary Plantation, 22 miles from New Orleans on the Mississippi River, skyline views of the city. This rare Creole house was built c. 1795 and meticulously restored in 2012. The main house has 2,500 sq. ft. of living area, 3 bedrooms, 2.5 baths, and 4 fireplaces. 10+/- acres of live oak trees, a carriage/guest house/chapel, down river guesthouse, and barn. Price includes all antique furniture, decorative arts, art, and event supplies. National Register Property and in the HABS. 1 hour from New Orleans Airport

The house and grounds cost a great deal more than other property in the city and the state. The median listing price for houses in Braithwaite is $547,000. In Louisiana, the figure is $150,000.

The location is hardly a safe one in a hurricane. According to CNN, in 2012:

For Urban Treuil, there’s no escaping the misery.

Because of Hurricane Isaac, Treuil’s home in Braithwaite, Louisiana, is ruined by floodwaters. So, too, is the gas station and convenience store he owned and ran in the community, 15 miles by car and 10 miles as the crow flies from New Orleans.

But all that pales to what Treuil, the fire chief for Braithwaite and Woodlawn in Plaquemines Parish, saw when he and fellow volunteer firefighters steered their boat up to the home of a couple he knew. Inside, they found the pair floating in the kitchen, the first of at least three fatalities in Louisiana being blamed on Isaac.

Nice house, but not a very good neighborhood.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.