A 5,000-acre plantation in southeastern North Carolina soon will be owned by a descendant of the family that built the historic property.
The StarNews of Wilmington reported that 53-year-old Louis Moore Bacon is buying Orton Plantation in Winnabow from the Laurence Sprunt family that has owned the Brunswick County landmark since 1884.
Bacon is a billionaire hedge fund trader who lives in London and was born in Raleigh.
The sale price wasn't disclosed. Brunswick County tax records show the Orton land has been broken into several parcels, with the largest, a 4,900-acre parcel, assessed at nearly $21 million.
The newspaper reported Bacon is a direct descendant of Roger Moore, who built the original Orton residence in 1725.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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