More mansions

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March 12th, 2021 at 6:19:46 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1027
Posts: 12055
Quote: kenarman
When one of the roofs is also a swimming pool I think that is a major liability. Likely a major item on the insurance policy.


There is a 6 bedroom 7 bath house next door for $15 million


It is difficult to know why a 7 bedroom, 13 bath house is worth $32 million Is the extra bedroom worth a million dollars? The extra wading pool? How much for the extra half baths?

Of course, there is an 8 bedroom 21 bath house across the street going for $78 million.
March 12th, 2021 at 8:01:04 PM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 24
Posts: 5819
March 12th, 2021 at 8:04:59 PM permalink
rxwine
Member since: Oct 24, 2012
Threads: 153
Posts: 12680
Quote: petroglyph
https://www.wsj.com/articles/tom-cruises-action-packed-colorado-estate-lists-for-39-5-million-11615480236?st=vz9krtjugga3hdo&reflink=desktopwebshare_twitter&mod=e2twrlst


Looks nice. He designed it himself. He's got enough money to burn I'm sure.
In the beginning, God created a video game we call The Universe
March 12th, 2021 at 8:19:59 PM permalink
rxwine
Member since: Oct 24, 2012
Threads: 153
Posts: 12680
I was watching a testing video today of a new FPV drone and they flew over this house coming up just after the 5:35 mark. I think it might be something other than a house..

https://www.youtube.com/watch?v=d98avsklSAk
In the beginning, God created a video game we call The Universe
March 13th, 2021 at 5:37:52 AM permalink
SOOPOO
Member since: Feb 19, 2014
Threads: 20
Posts: 3029
Quote: Evenbob
Isn't your wife half your age? Didn't anybody
explain the rules to you before you got married?


She just looks half my age! There are 8.5 years between us.
March 13th, 2021 at 7:25:09 AM permalink
DRich
Member since: Oct 24, 2012
Threads: 38
Posts: 2940
Quote: SOOPOO
She just looks half my age! There are 8.5 years between us.


My first wife was 8 years older than me. Current wife is 10 years younger. It was a great trade.
We are all going to die, why procrastinate?
March 13th, 2021 at 11:52:03 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1027
Posts: 12055
Quote: rxwine
Looks nice. He designed it himself. He's got enough money to burn I'm sure.




That estate was listed for $59 million a few years ago and reduced to $39 million.

I have to believe that the only way it is worth that much money is if they can develop multiple homes on the 300 acres. That is a nice looking house, but not a $40 million house.
March 13th, 2021 at 4:37:21 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 141
Posts: 23521
Quote: Pacomartin


I have to believe that the only way it is worth that much money is if they can develop multiple homes on the 300 acres. That is a nice looking house, but not a $40 million house.


An ugly 4 bedroom Knotty Pine house for 39 million?
What a joke.
If you take a risk, you may lose. If you never take a risk, you will always lose.
March 14th, 2021 at 8:15:27 AM permalink
DRich
Member since: Oct 24, 2012
Threads: 38
Posts: 2940
Quote: Evenbob
An ugly 4 bedroom Knotty Pine house for 39 million?
What a joke.


That is only $130,000 an acre. My home sits on a little less than a 1/4 acre and would be valued at over $2 million dollars an acre. $130,000 an acre sounds like a steal to me.
We are all going to die, why procrastinate?
March 14th, 2021 at 4:06:34 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1027
Posts: 12055
Quote: DRich
That is only $130,000 an acre. My home sits on a little less than a 1/4 acre and would be valued at over $2 million dollars an acre. $130,000 an acre sounds like a steal to me.


I said it does not seem overvalued if the land is available for development.

Even a modest urban area land sells for at least $130K an acre, but I am willing to bet his land is not zoned for development.
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