An occasional look at premium homes on the market.

The address: 5802 River Road, 40059. Asking price: $16 million — and that’s down from $20 million in September, according to Zillow. Agency: Hoffman International Properties. The pitch:

An opportunity to own and live in an historic estate, only eight miles from downtown on 158 acres with four homes. The main house is 16,000 square feet, built in 1905. There’s a 3,500 square-foot carriage house, two 900 square-foot caretaker houses and an indoor pool. The 20,000 square-foot barn has 24 stalls and an apartment. The most unique feature is the front drive, which is about one mile long and was by the Olmsted Bros. around the time they designed the Louisville parks system. This estate offers the upmost in privacy and seclusion with great potential for development.