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Photo: McEwen Group

A Leiper’s Fork home and its surrounding land have become the most high-dollar residential real estate transaction this year with a $42.5 million sale.

Twin Rivers Farm sits at 5845 Old Hwy 96 and offers 383 acres and a custom- built 10,000-square-foot home. Also included in the deal are a covered pool, barn, guest cottage and recreation facilities.

The property most recently was listed for $53 million.

The sellers were Larry Keele and Leiyan Keele, via a trust, and had put the property in a conservation easement, according to a release from listing agent Dan McEwen, owner and broker of the McEwen Group.

According to a warranty deed, the buyer was 2.718 Farm LLC, which does not offer details or a registered agent on the Tennessee Secretary of State website.

“We knew this was a special property when we acquired it, and worked hard to ensure that it would become even more special for an even longer period of time; and we knew it would require a lot of work to find the right buyer," the Keeles said in the release.

"We are pleased that came to be, and we will remain forever proud of the fact that we were caretakers of Twin Rivers Farm for a period of time."

Larry Keele, co-founder of Los Angeles-based Oaktree Capital, is a graduate of Tennessee Technological University and a native of Lewisburg. The Keeles also own the historic Beechwood Hall property in Franklin.

The home was designed by architect Steve Giannetti, who also is from California and moved to Leiper’s Fork. Giannetti and his wife, Brooke, own architectural, design and lifestyle firm Gianetti Home and operate a store for home goods, Patina Home and Garden, on their farm Patina Meadow.

Earlier this year, HCA Healthcare co-founder Tommy Frist Jr. set the record for the most expensive residential home sale when their home in Nashville sold for $32 million.