Housing

Quite the Price Drop As $46-Mil Denton County Manse Hits Auction Block at $10.3 Mil Reserved

We virtually toured the splendor that is the 48,000-square-foot Champ d'Or up in Denton County in August 2010, when the asking price was, oh, $70 million, give or take -- not quite The Nice Price. But it didn't sell -- shocking -- not even when the price tag dropped to half that, which is why Concierge Auctions announced today it's putting the 39-acre spread and an adjacent 37-acre commercial parcel on the auction block on March 30, with the reserve set for this $46-million build-out at the low, low, low, low, low price of ... $10.3 million.

Says Joan Eleazer of Briggs Freeman Sotheby's International Realty in the just-dispatched press release, "Champ d'Or is a perfect fit for the auction platform, as it is truly one-of-a-kind, with nary a detail missed. The estate could be used as a residence or for a business venture. The possibilities are endless, including development potential as an exclusive executive retreat, medical or spa facility, or recovery center."

Details here. Me, I've always have wanted a house with a two-lane bowling alley and movie theater with opera seating. Split it with you .. and you ... and you ... and you ... and you ... and you ...

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Robert Wilonsky
Contact: Robert Wilonsky