RE: Mount Vernon, Former Hunt Estate On White Rock Lake: It’s The Bees Knees
(Comment from faithful Reader:)
I toured Mount Vernon yesterday and it’s absolutely stunning, timeless, elegant and all that jazz. The bowling alley was the “bees knees” as the kids are saying these days. And the view is just flawless.
Now for the price tag. If it is anywhere near $50 million then Eleanor might as well throw her marketing cash straight down a toilet because that’s all it would be good for. Lets say an acre on White Rock would sell for $2.5 million, and that’s being pretty generous. So for 10 acres that’s $25 million. Is the rest of the house worth $25 million? The main house is about 11,000sf. All the other buildings may bring the total to 25,000sf. (See tax rolls) That comes out to $1,000/sf of living space. Could someone recreate that house for less than $1,000/sf?
I honestly don’t know what they put into the home so I don’t know the answer to that question. I’m sure a builder or developer knows the answer.
Bottom line, I can’t see it selling for over $30 million.
4 Comments to “RE: Mount Vernon, Former Hunt Estate On White Rock Lake: It’s The Bees Knees”
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Candy dear….let’s be clear…she has a number of marketing ‘programs’ for un-attainable prices! Let’s just talk about a $15MM land parcel that falls into a creek.
Hey, this was a comment/email from a buddy. The last time I said a property wouldn’t sell for asking price, it sold the next day. For asking price. Thanks for your comment!
Candy, you are so right on the money with that comment. Every time I think a home won’t sell it’s gone the next day. Then the one’s I think are incredible and priced well languish on the market. Sometimes there is no rhyme or reason to any of it. Why? Because real estate is 90% emotion and 10% business transaction. And Lord knows we could all use some prozac every now and then.
HI CANDY. JUST AS JEFF SAYS, EVERYDAY I TRY TO UNDERSTAND WHAT MAKES PEOPLE TICK, AND WHY THEY PURCHASE THE HOMES THEY DO, AND YES I FIGURED IT OUT. THERE IS NO RHYME NOR REASON.
I HAVE HAD THE OPPORTUNITY TO VISIT ONE SUCCESSFUL GENTLEMAN’S ESTATE ON THE LAKE. HE STARTED WITH HIS GRANDMOTHERS HOME, AND KEPT ADDING PARCEL TO PARCEL, IT IS QUITE THE SHOW PLACE, A PARADISE WITHIN THE CITY.
KEEP UP THE GOOD WORK, WE LOVE YOU!