On Friday, Donald Trump officially selected hedge fund billionaire Scott Bessent to be his Treasury Secretary. Perhaps in anticipation that he might be moving to Washington D.C. in some capacity, a few weeks ago Scott listed his mansion in Charleston, South Carolina, for $22.5 million.
The historic home dates back nearly 200 years. The land was originally acquired in 1838 by a businessman named John Ravenel. John was the president of the South Carolina Railroad. He is also, presumably, a distant relative of Thomas Ravenel, one of the stars of the Charleston-based reality show "Southern Charm."
The first mansion built by John Ravenel on the property was destroyed in an earthquake in 1886. It was rebuilt by Ravenel's son-in-law, Elias Horry Frost. Over the next century and a half, it changed owners many times and at one time was a bed-and-breakfast.
Scott Bessent and his husband bought the historic mansion in 2016 for $6.5 million. They performed a major renovation on the three-story pink home before finally moving in at the end of 2019. The seven-bedroom, eight-bathroom home has four bars, a pool, spa, formal garden and a three-bedroom carriage house.
Scott listed the home in late October. His asking price of $22.5 million would set the record for most expensive home sale in Charleston history. The current record is $20.5 million. Here is a video tour:
