Blenheim, a historic 257-acre property near Charlottesville, Va., has been put up for sale by its current owners, Mr. and Mrs. William Hammerstein.

The asking price is $500,000.

Named after the family seat of the Dukes of Mariborough, the ancestors of Winston Churchill, the Virginia estate is a registered historic landmark. It is located near another historic site, Monticello, home of Thomas Jefferson. Blenheim was originally part of a 9,350 acre crown grant made in 1730 to John "King" Carter. After a fire destroyed the original house, it was rebuilt by Andrew Stevenson, who succeeded Henry Clay as speaker of the House. He also served as ambassador to the Court of St. James. Chief Justice Roger Taney was a frequent guest there, staying in a guest house Stevenson had built for him.

Blenheim's owners - he is the grandson of composer Oscar Hammerstein - have restored the plantation buildings and Stevenson's Atheneum library.

The four-bedroom residence, which is now leased to a horse trainer, also has a barn with eight box stables, a garden, and dependencies including a former chapel and schoolhouse, and farm buildings.

The sale is being jointly handled by Sotheby Park Bernet and Stevens & Co. Both companies have sold many Virginia estates to foreigners.