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    Future of historic estate, a ‘point of pride’ in Plaza Midwood, unclear after sale

    The VanLandingham Estate in Plaza Midwood. Observer archives The future of a historic estate in Plaza Midwood is unclear after the owner sold the property to a partnership of real estate firms last month. Billy Maddalon, whose family had owned the property for 20 years, sold the VanLandingham Estate for $1.5 million in March, according to county property records. Maddalon was operating the 5-acre estate at the corner of The Plaza and Belvedere Avenue as an inn and event space. A partnership between real estate firms Ascent Real Estate Capital and Stono River Partners purchased the property. Jon Dixon, managing principal at Ascent, declined to comment on whether the firm…