
$1,150,000
661 Old Eagle School Rd, Wayne, PA 19087
Listed by BHHS Fox & Roach-Rosemont
A Rare Opportunity to Complete One of Devon's Historic Landmark Estates! Prime development opportunity in the heart of Devon, within the Tredyffrin-Easttown School District. Situated on approximately 1.3 premier acres, this extraordinary early nineteenth-century residence, originally known as the historic Lamb Tavern, is listed on the National Register of Historic Places and offers a rare opportunity to restore one of the Main Line's most significant historic properties. The most difficult, time-consuming, and uncertain phases of redevelopment have already been completed. The property has been stripped to the structural shell, with most interior walls removed, creating a true blank slate ready for reconstruction. Extensive work already completed includes: Complete interior demolition to the structural shell. Removal of obsolete plumbing, electrical, HVAC components, and radiators. Professional lead and asbestos remediation. Exterior restoration, sealing, and painting. Comprehensive architectural plans by Warren Claytor Architects. Historic Commission approvals obtained. Building permits in place. Construction-ready for immediate commencement. The approved plans envision an elegant residence of approximately 7,400 square feet featuring a three-car garage, six-plus bedrooms, four-and-one-half baths, expansive entertaining spaces, a luxury kitchen, family room, mudroom, formal living and dining rooms, home office, and a gracious primary suite, while preserving the home's remarkable historic character. Architectural details including soaring ceilings, deep windowsills, and a dramatic central staircase remain intact, providing the perfect framework for a one-of-a-kind luxury residence. For builders and experienced restoration buyers, this represents a unique opportunity to bypass months of architectural design, engineering, permitting, and Historic Commission review. The entitlement work has been completed, allowing the next owner to focus immediately on construction. Completed homes of this caliber in Devon continue to command premium values, making this an exceptional investment opportunity in one of the Main Line's most desirable locations. Plans by Warren Claytor Architects, permits, approvals, and supporting documentation are available upon request. Prep work is continuing, and the price will increase as additional value is added to the property. Important Notice: This is an active construction site requiring substantial work throughout. Agents and buyers enter entirely at their own risk. Exercise extreme caution, as there are openings in the flooring and areas that may be weak or unstable.
| Date | Event | Price |
|---|---|---|
| Jul 6, 2026 | Listed for sale | $1,250,000 |
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
$12,506 / year
≈ $1,042 per month
MLS shows (2025)
$12,506
School tax
TREDYFFRIN-EASTTOWN · 29.66 mills (2025-26)
$9,347
County tax
Chester County · 5.16 mills (2025)
$1,628
Municipal tax
As recorded for 2025, varies by municipality
$1,531
Recomputed from the county assessment ($315,180, 1998 base year) × current millage. Portals typically reprint the recorded 2025 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
$7,681/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
Tredyffrin-Easttown
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 →
FBI and Pennsylvania source data, presented without spin.
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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Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: July 8, 2026 at 2:27 PM EDT
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