Discussion in 'The Watercooler' started by Tom Woolford, Sep 25, 2007.
A 16 MILLION tear down
Beautiful older home/mansion. Too bad it's gotta go.
We have plenty of examples here. The largest example I can think of is Lucille Robert's old house; it was a brick mansion well over 10,000 sq.ft. that was bulldozed. Another example is a 10,000 sq.ft., $10,000,000 oceanfront sale (and that was years ago, prices have gone up several times since then) that had the wrecking ball going through the home as I was trying to take a picture.
The homes that were located on the $103,000,000 sale were donated, otherwise they would have been bulldozed.
Basically, the dwelling has to be of a quality and design that conforms to the market standards. If not, it gets bulldozed; size doesn't matter.
Way too much money for one guy.
Happens in the Seattle area all the time too...some guys cashes in remaining stock options and wants a property, but not necessarily the house that is there...he/she wants to make a "splash" with their new monster dwelling.