A group of investors are the new owners of the castle on U.S. 60 in Woodford County.
Tom Post, the Miami lawyer who turned the property into a boutique inn and called it CastlePost, said Friday he sold the property for $8.7 million.
Dr. Matthew Dawson, a University of Kentucky emergency room physician, and Dr. Danny Bramer, an anesthesiologist at UK, said they are among a group of investors who bought the castle building and surrounding 50-plus acres.
Dawson said there are some other buyers but he declined to identify them. They have incorporated under the name Castle Catering LLC.
“We’re all from Kentucky, born and raised, and most of us have spent 20-plus years in Lexington,” Dawson said. “We are grounded in the Bluegrass and we’re the stewards of the castle. We really want to make sure this is accessible and something that everyone in Kentucky is proud of.”
Dawson said he was familiar with the castle because he has hosted a medical conference there for six years.
“It’s an amazing venue and everyone is in awe when they step in it the first time,” Dawson said. “Seeing the experience my guests have had, we felt like that could be brought to a lot more people as well.”
“It’s truly an iconic feature in Central Kentucky and we want to take something that’s already fabulous and make it even better,” Bramer said.
The name will remain CastlePost, and all the events that are booked there will continue to be held.
“We want to put a beautiful working farm there that will honor the Kentucky farming tradition,” Dawson said. “That’s going to supply the farm-to-table restaurant. We’re going to have really authentic food from the farm that’s really deeply healthy also.”
Post said he wished to sell now because “it was time.”
The castle has been a Central Kentucky curiosity for more than 40 years. It has 16 bedrooms, 17 bathrooms, tennis and basketball courts, a billiard room, a library and a large banquet room.
Lexington contractor Rex Martin Sr. started building the castle’s exterior walls in 1969, but its interior sat unfinished and empty for decades.
Then Post, a graduate of Lexington’s Lafayette High School and the University of Kentucky, bought it for $1.8 million in 2003.
While it was being restored, a May 2004 fire burned the structure. But Post rebuilt it and in 2008 it opened as CastlePost.
In recent years it had become a popular place for weddings and for charity fundraisers.
The castle property was initially advertised for sale in September 2010 at the start of the Alltech FEI World Equestrian Games.
Post has bought and sold other properties in and around Versailles. At one time he owned a closed Catholic school property near downtown Versailles. The school building was demolished earlier this year so the city of Versailles could put a new police station on the site.