The 34-acre Gilded Age estate in Elkins Park, Lynnewood Hall, was finally sold on Friday after spending almost a decade on the market, writes Jenn Ladd for The Philadelphia Inquirer.

It was purchased by the nonprofit Lynnewood Hall Preservation Foundation from longtime owner Richard S. Yoon, pastor of the First Korean Church of New York.

While the purchase price is not known, representatives from the foundation said they have raised $9.5 million to date. The money will cover not only the purchase of the estate, but near-term operations and the stabilization efforts that began in October.

The Lynnewood Hall Preservation Foundation has been working to save this historic gem since 2018. The foundation’s mission is to restore and preserve the 110-room mansion and estate and to eventually open it up to the public.

“This is going to be an extended process of restoration because the house is massive. And we want to use every component of it for education in the skilled trades,” said Edward Thome, executive director of the Lynnewood Hall Preservation Foundation.

Read more about restoration plans in The Philadelphia Inquirer.

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