In the market for a new home…got $25 mil to spare?

From the Indy Star last week…amazing, the property taxes annually are more than most people’s first home price!

Asherwood, the lavish Carmel estate where Mel and Bren Simon and their family lived for many years, is for sale for $25 million.

The seven-bedroom, 51,000-square-foot house sits on 106 acres that includes two swimming pools, tennis courts and a private 18-hole golf course, according to www.mibor.com.

Like to be outside? The lot also includes a clubhouse, greenhouse, pool house, and guest house among other maintenance buildings.

Prefer the indoors? There’s one indoor pool, an expansive workout room, home theater and caterer-ready professional kitchen in the home where presidents have been wined and dined.

The property tax on the estate is $54,654 semi-annually, according to the website of the listing Realtor Natasha Radovich with Carpenter.

The home also includes six fireplaces, eight full bathrooms and 16 half-baths.

It is the most expensive residential property on the market here in recent years, said Claire Belby, a spokeswoman for the Metropolitan Indianapolis Board of Realtors, or MIBOR.

Simon and his first wife, Bess, bought the Asherwood home and property in 1973. Automotive engineer Louis H. Schwitzer built the original estate.

Over time, Simon and his second wife, Bren, expanded the home, adding on a 10,000-square-foot addition that included a 4,000-square-foot master bedroom wing.

But in 1998 they had to rebuild after a fire, thought to have started when a candle lit fabric-covered walls in one of the bedrooms, left much of the house uninhabitable.

Mel Simon, co-owner of the Pacers and co-founder of Simon Property Group, died in 2009.

Deborah Simon had alleged her stepmother coerced her father into changing his will so that Bren Simon received a much larger portion of the estate.

Mel and Bren Simon had multiple homes. She sold a New York condo soon after his death. In 2010, she listed their 20,000-square-foot mansion in Los Angeles’s Bel-Air neighborhood for $50 million.

The price was steep even for Bel-Air. She lowered the listing to $29 million in 2012 and delisted the property in 2013.

Estate properties can be a hard sell. Lucas Oil co-founder Forrest Lucas bought Stephen Hilbert’s estate at auction for $3 million in 2010 after it languished for five 5 years on the market.

Built for $35 million, the 25,000-square-foot house with its 15,000-square-foot sports pavilion, swimming pools and infinity waterfall, pool house and opulent grounds, originally was listed for $20 million. The property listing dropped to under $10 million over time, but finally went to auction when no buyers stepped forward.

Don’t feel like you can spend $25 mil?  Let’s talk about your budget and see what we can find that’s a little more reasonable!

Vicki Reed

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s