$1,795,000
298 Paoli Pike, Malvern, PA 19355
Listed by Compass Pennsylvania, LLC
Set on 15 magical acres and overlooking a sparkling three acre pond, Willow Lake Farm is an extraordinary country estate where timeless architecture, exceptional privacy, and breathtaking natural beauty come together. Built in 1935 by acclaimed builder, Albert H. Jacobs Jr., the residence showcases classic Pennsylvania craftsmanship with a handsome fieldstone exterior and Vermont rough-texture slate roof. Rich architectural details - including eight fireplaces, a circular staircase, random-width pegged oak floors, flagstone terraces, custom millwork, and abundant French doors and windows - give the home warmth and character rarely found today. Inside, a gracious entrance hall sets the tone for beautifully proportioned living spaces designed for both elegant entertaining and comfortable everyday living. Along the rear of the home, French doors and floor-to-ceiling windows capture sweeping water views, creating a seamless connection between the interiors and the picturesque grounds beyond. The spacious family room, anchored by a fireplace, offers an inviting place to gather with family and friends, while the adjacent private study, complete with a built-in desk and bookcases, provides an ideal setting for working from home. An open den with its own fireplace creates a cozy retreat for relaxing while enjoying views of the surrounding landscape. The formal dining room, enhanced by a fireplace, custom crown molding, and timeless architectural details, provides an elegant backdrop for memorable dinners and holiday gatherings. Completing the main living spaces, the handsome living room offers a refined yet comfortable retreat featuring another fireplace and beautiful custom Stephen Tait moldings. The expansive kitchen and breakfast room/den addition seamlessly blends the home's historic character with a more open, light-filled lifestyle. Exposed stone walls, custom white cabinetry, handmade Mexican tile floors, vaulted ceilings, and walls of glass, frame views of the surrounding grounds. Just beyond, walking paths wind through the property to a meditation garden and an arched Monet bridge crossing the stream and waterfall. A flagstone terrace overlooks the pool and pond, creating a spectacular backdrop for entertaining and outdoor living. Upstairs, the luxurious primary suite offers a serene retreat, highlighted by a balcony with picturesque views of the estate and surrounding grounds. A thoughtfully converted sleeping porch now serves as an impressive walk-in closet complete with its own laundry area, while the light-filled primary bath - adds distinctive character to the suite. Three additional generously sized bedrooms complete this level, including one en-suite bedroom with a private bath and two bedrooms connected by a Jack-and-Jill bathroom. The detached four-car garage offers exceptional vehicle space while the adjoining art studio, features a vaulted ceiling and fireplace, providing an inspiring setting for creative pursuits. Above the garage, a beautifully updated studio apartment offers comfortable and private accommodations for guests. The extraordinary setting that surrounds Willow Lake Farm is truly what sets it apart. Expansive lawns, mature specimen plantings, and a picturesque three-acre pond offering year round activities such as swimming, fishing, kayaking, and ice skating create a setting that feels remarkably peaceful and private. In addition to it's serene, country-estate setting, Willow Lake Farm sits within top rated Great Valley School District and is ideally positioned to enjoy all that the Main Line has to offer. The property is conveniently located near the Paoli train station, Wayne and Malvern Borough with their amazing selection of shopping and dining options and convenient to many of the region’s highly regarded private schools, including Episcopal Academy, Malvern Preparatory, and The Agnes Irwin School. Call today for more information; this remarkable property is not to be missed!
How the bedrooms and baths are distributed across the floors, as reported by the listing agent.
| Date | Event | Price |
|---|---|---|
| Aug 24, 2026 | Listed for sale | $6,990,000 |
Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.
Estimated at current rates
$21,759 / year
≈ $1,813 per month
MLS shows (2026)
$23,419
-7.1% at current rates
School tax
GREAT VALLEY · 25.22 mills (2025-26)
$17,897
County tax
Chester County · 5.16 mills (2026)
$3,664
Municipal tax
As recorded for 2026, varies by municipality
$198
Recomputed from the county assessment ($709,620, 1998 base year) × current millage. School millage is from the latest year certified by the Pennsylvania Department of Education (2025-26); districts adopt the next year's budgets each June, and we update when the state certifies the statewide file in the fall. Portals typically reprint the recorded 2026 bill. Pennsylvania does not reassess on sale. Estimate only. Verify with Chester County before relying on it. Learn more: PA property tax calculator · Common Level Ratio by county.
Loan term
Estimated monthly payment
$38,940/mo
Taxes use NookLocal's estimate at current millage rates, not the stale figure on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.
School district
Great Valley
2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.
Safety data
Chester County crime & safety numbers →
County figures from FBI and Pennsylvania source data.
Property taxes
Chester County taxes, explained →
Millage, the Common Level Ratio, and what changes after you buy.
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Information Deemed Reliable But Not Guaranteed
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.
IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.
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Data last updated: October 6, 2026 at 8:13 PM EDT
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