The most valuable land near the sea was purchased by the government officials, ministers, prominent landowners and bankers. A plot of 2,500 hectares and a cattle-breeding farm at the mouth of the river Dagomys was owned by the family of the Emperor Nicholas II of Russia. The associated peasants lived in a small settlement which later became the modern Dagomys. Only about 300 people lived there in the early 20th century. This royal settlement was managed by Prince Uspensky. The farm was profitable as it was selling part of its production at the market of Sochi, and the citizens considered it an honor to buy Emperor's products; a small part was also delivered to the emperor himself.