You be the judgedid the buyers of these 10 beautiful expensive homes in Alabama get a sweet deal? In 1997, House went through an expensive divorce, and MedPartners lost $821 million. This browser is no longer supported. House tried to sell the house to help cover his debts but Alabama mega mansions have a limited buyers' pool. The estate was sold at auctionfor $4 million in October of 2015, but thesale never closed according to managingrealtor Pam Ausley. Quite a lot, actually. The price tag on some of the most expensive homes recently sold here rival those of big city living. Hearst Magazine Media, Inc. All Rights Reserved. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. The stunning Gulf of Mexico views alone are well worth the modest price tag. How does your zip code rank? This charming 15-bedroom manse sits on expansive acreage complete with movie theatre, wine cellar, four horse pastures, riding ring, in-ground pool, 3,000-square-foot guest house, and the states first residential geothermal HVAC system. The bathroom pictured here is one of the twomaster parlor suite bathrooms on the first floor of the house. The pool features a waterfall and Jacuzzi and is flanked by twin 800-square-foot cabana suites. There's even a two-story boathouse with its own entertaining pavilion. Alabama Guitar Mansion Goes To Auction Again! A mansion said to be the largest in Alabama is going on the auction block. Streets in Shoal Creek are alphabetically named after golf courses around the world. Another shot from inside the house, this time in a parlor. Information is deemed reliable but not guaranteed. Former MedPartners executive Larry House spent more than $26 millionbuilding the mansion designed by Birminghamarchitect Bill Sheppard. Given the current state of the real estate market, housing affordability plays a determining role for buyers. Take a look inside the home of Larry House in Shelby County. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. The house contains a commercial-grade elevator, a wine cellar with shelving for 2,000 bottles, a fully equipped exercise room and a game room. Learn more. What does nearly $15 million get you? Previously scheduled Concierge auctions in October and November of 2016 were postponed to give global clients more opportunities to research and tour the property. Five bedrooms and just as many bathrooms offer plenty of privacy and space in this 5,600-square-foot home. Now for the third time, it will go on the auction block on October 26th with the familiar reserve price of $4 million. There is a 3,000-square-foot guest house behind the main house that includes two bedrooms, two offices, a workshop and an oversized two-car garage. Renamed as Chateau Montagel, the 34,000-square-foot mansion on 27 acres is located just outside of Birmingham in the gated Shoal Creek golf community. The property has 12 fireplaces that create a relaxing ambiance inseveral rooms at the mansion. Nearby sits a three-story, steel-framed, 60'x60' indoor round pen with a viewing terrace. The theater (and lights and sound for estate) can becontrolled by iPad via a Crestron Control System. The main house has 15 bedrooms, 16 full bathrooms and 6 half-bathrooms. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. according to managingrealtor Pam Ausley. and more. The bathrooms have luxurySherle Wagnerhardware and some have leaded glass transoms. A billiard room is nearby the home's theater creating a huge recreation space with bar area and prep kitchen. This is an unprecedented and highly anticipated real estate event for the region.. Enjoy horse riding on the estate as well. Sign up for free Patch newsletters and alerts. Meanwhile, land value tends to increase over time depending on several factors including where the house is located and what amenities and homes are nearby. Privacy Policy and Cookie Statement updated 7/1/2022). The stables in the estate's horse barn wereconstructed with African hardwoods and designed to resemble thoseof Queen Elizabeth II. Log in to your Alabama Power account online and make sure your contact i. Share your favorites in the comments below. Watch the video to meet the current owner and learn more about the estate. All rights reserved (About Us). A library, bar, wraparound porch, and infinity pool complete the experience. Terms and Conditions of Use | Privacy Policy | Contact Us, Find Real Estate Agents and Realtors Near You, the Best Things-To-Do and Places To Go around you. There are a few guidelines and Point2 FREE Trial comes with agent websites, lead management solutions, featured placements on other portals, and more! The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. He lost almost everything else in 1998 when MedPartners stock fell 45 percent in one day. The estate has four pastures and an outside riding ring. The U.S. Women's Open will be played there in 2018. Stacker distribution partners receive a license to all Stacker stories, This waterfront property started at a whopping $5.5 million before settling for a modest $3.2 million. A look inside the entrance to the main house. The eight-bedroom home last sold in 2017 for a cool $1.7 million, but its gorgeous lake views and boat slips might have been well worth the price. Zillow, Inc. holds real estate brokerage licenses in multiple states. The largest mansion in Alabama, with a giant guitar-shaped front yard and ties to the collapse of a Fortune 500 company, is going to auction for a third time. If you own real estate in Alabama, consider yourself lucky. But what if you want thousands of square feet? Now, its back on the market for just $1.5 million. The office has room for twelve cubicles and has two large private offices. Heres a view from the front of the main house. If your organization is interested in becoming a Stacker On One Level Homes In Birmingham Homes for Sale, 442-H New York Standard Operating Procedures. Known for being a somewhat dark, idiosyncratic actor, Johnny Depp has followed his own instinctsRead More, As Seen On ABC, HGTV, CNBC, CBS, Washington Post, Parade, USA Today, People, & Many More, Florida Preconstruction, Under Construction & Brand New Condos & Homes For Sale. Bidders can participate in the auction in person or via Concierges Instant Gavel app. There are endless activities at Harris Lake! The median value of a home in the United States today is $281,370, an 11.6% increase over the last year. If you wish to report an issue or seek an accommodation, please let us know. Check with the applicable school district prior to making a decision based on these boundaries. Sylvester Stallone is one of Hollywoods best stories a real life homeless, wannabeRead More, Johnny Depps LA Penthouse Collection! For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The attached garage in the main house has nine garage doors and room for 12 or more cars. The Alabama Center for Real Estates core purpose is to advance the real estate industry in Alabama by providing relevant resources in the areas of research, education and outreach. Depreciation affects all homes at an average rate of 3.636% each year, which can be a help come tax season if you use your home for business or rentals but may cost you later in capital gains taxes when you sell. Not just a couple thousand, but more than 10,000? Brokerage. Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more. Cities with the most expensive homes in Birmingham metro area, Birmingham PD investigating homicide at hotel, Husband and wife found shot dead inside home in McCalla, Silver lining behind rise in COVID cases in Alabama, Appalachia Rises: How to donate toward Eastern Kentucky flood relief, VIDEO: Arrest involving Vestavia Hills Police SOURCE: Viewer. Five bedrooms, 4.5 bathrooms, and over 5,000 square-feet of living space comes with 1.5 acres, a pool, and plenty of landscaping. This gorgeous brick estate originally sold for about $2 million in 2012 before it was relisted and sold in 2015 for a cool $1.75 million. Concierge Auctions will conduct an auction for Chateau Montagel on December 20, 2016, as part of its winter portfolio Sale. Location, size, age, and condition are all contributing factors to home value. The massive property features a resort style pool and two guest cottages. If you're in the market for a home that provides both privacy and the feeling of staying at a .css-1qproo8{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:#40699f;text-underline-offset:0.25rem;color:inherit;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;background-image:linear-gradient( to bottom, rgba(156,181,215,.2), rgba(156,181,215,.2));-webkit-background-position:0 100%;background-position:0 100%;background-repeat:repeat-x;-webkit-background-size:0 0;background-size:0 0;padding-top:0.05rem;padding-bottom:0.05rem;}.css-1qproo8:hover{color:#000000;text-decoration-color:border-link-body-hover;-webkit-background-size:0.625rem 3.125rem;background-size:0.625rem 3.125rem;}five-star resort, there's a $14.9 million property in Alabama that might just have your name on it. The house has15 full and four half bathrooms. The main home has a 9-door garage with parking for 12 cars. As of May 4, 2022, the 30-year fixed mortgage rate sits at 5.73%. This is a large office in the main house. Whether you choose to hold off your home-buying plans in hopes of the market cooling down or are looking to buy ASAP, its good to educate yourself on the market in different cities. Heres a shot in an office area in the main home. Every item on this page was hand-picked by a House Beautiful editor. However, a buyout of MedPartners that would have made House over $80 million fell apart when the companys questionable business practices were discovered. With over 9,000 square-feet and a myriad of amenities, the home is just minutes away from the hot spots of downtown Birmingham, including the Birmingham Zoo and Highland Park. distribution partner, email us at Since then, the mansions sale has garnered some national press, as highlighted by the National Association of Realtors earlier this week. According to the National Association of Realtors, the national median home price is $375,300up from just over $356,000 this time last year. While sitting in the hot tubat the rear of the estate, you can see who is at the front gate of driveway through the glass fireplace and large double French entry doors. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.