Thomas Jefferson had hoped that his family would be able to live on at Monticello after his death, and left the property to his daughter, Martha Randolph, and her children; but the enormous debt load as well as the expenses of maintaining the building and lands proved too much.  Although there were several belated plans to try to save Monticello for the family, nothing came of them, and Mrs. Randolph put Monticello and its furnishings up for sale. Much of Jefferson's furniture, plate and farm equipment, as well as 140 slaves, were bought at a public auction in 1827, but the idiosyncratic mansion proved harder to sell. Finally, four years later, the house and property went to an eccentric Charlottesville druggist, James Barclay, for $7,500. Barclay despised Jefferson's political ideals, and had very little interest in the great house itself. He wanted the land, and he tore out many of the trees Jefferson had planted as well as the extensive gardens so he could plant mulberry trees in a scheme to turn Monticello into a silkworm farm. Within three years the project predictably failed, and Barclay now looked around for a buyer. In 1834, he sold the house and surrounding land for $2,500 to Uriah Phillips Levy, United States Navy.
Primary Source References
1827 March 23. (Virginia Jefferson Randolph Trist to Ellen Wayles Randolph Coolidge). "It will grieve you both very much to hear of the depredations that have been made at Monticello by the numerous parties who go to see the place. Mama's choicest flower roots have been carried off, one of her yellow jamsines, fig bushes. Sign did no good." 
1828 November 17. (Thomas Jefferson Randolph to J.H. Cooke). "I believe that it will be a fortunate thing for my mother to give up the house. The estate is irredeemably insolvent, perhaps to $15,000 or $20,000 and must be sold, or at present advised I should consider myself fortunate in obtaining $12,000 for the buildings and 900 acres of good land, including the two mountains."
1829 December 7. (Thomas Jefferson Randolph to J.H. Cooke). "I have doubted whether I ought not to take $10,000 for it with 1000 acres of land attached to it...The estate being immediately insolvent I have deemed it safest to endeavor to close the concern as soon as possible."
1831 June 29. (Cornelia Jefferson Randolph to Ellen Wayles Randolph Coolidge). "We are none of us in very good spirits just now owing to the probability there is of Monticello being sold; Dr. Barclay (one of Mrs. Harris' sons) has offered brother Jeff. his house in Charlottesville (Mr. Hatch's house) and $9000 for the place. The thing is not determined yet; brother Jeff. will not make the bargain unless he can sell the house in Charlottesville; which they say he can do, nor do I believe that Dr. B. is positively determined on the purchase. His offer is quite a liberal one, brother Jeff asks about 12,000 for Monticello and Dr. B. offers him his house for what he gave for it $3500, although he has made improvements in it...There remain $30,000 of the debts still to be paid and the creditors are pressing and he (brother J.) has made nothing from the publication of the manuscripts...He thinks indeed Dr. Barclay will buy land enough around Monticello to make the sum $4000."
1831 August 15. (Mary Jefferson Randolph to Ellen Wayles Randolph Coolidge). "Monticello is at last sold...the house and 500 acres...Jefferson will receive Mr. Hatch's house in Charlottesville at $4000 for which Mr. Carr will...give him $3500 down and he will receive $3000 cash I believe from the purchaser Dr. Barclay, the second son of poor Mrs. Barclay that marrield old Harris...You will say it was a dreadful sacrifice but the debts are pressing, the place going to ruin, and no other offer..."
5. Harold J. Coolidge Collection, Washington D.C.
- Leepson, Marc. Saving Monticello: The Levy Family's Epic Quest to Rescue the House that Jefferson Built. New York: Free Press, 2001.
- Urofsky, Melvin I. Saving Mr. Jefferson's House: The Levy Family and Monticello, 1834-1923. Charlottesville: Thomas Jefferson Memorial Foundation, 2000.