The New York Times (NYSE:NYT) reported that after the 18th-century Georgian mansion failed to get the support of any preservation groups, Colonial Williamsburg, Va., was forced to consider a possible sale.

The 400-acre estate was placed in financial jeopardy through shifting priorities in the area and a lack of attendance to the historic riverfront property, the Times said.

Some preservation experts say the possible sale, which could be for more than $20 million, represents a growing problem facing historic U.S. properties.

"If you look around the country, this isn't a problem, it's the problem," preservation consultant Douglas Horne said.

The Times said other preservation experts maintain that by selling such famed residences to private owners, the properties can receive much-needed costly repairs and maintenance.