The strength of the real estate market will be on test again as Champ d’Or, a mega mansion in the Dallas suburbs of Texas heads for auction later this month in the hope of getting a buyer. The mansion is practically an amenity laden wonderland and has been looking for a buyer off and on since 2003 since it was completed. It has been listed several times at different price points. During the housing boom, the asking price had gone up to as much as $72 million making it one of the most expensive properties on sale. However the price had dropped over 50% to reach $35 million last year.
The reserve price or the starting bid for the mansion has been fixed at $10.3 million which is rather low for the mansion which cost $46 million to construct. Located in Hickory Creek, a small town about 45 minutes north of Dallas, the mansion has been fashioned after the Vaux-le-Vicomte in Paris. It is an elaborate chateau built by Nicholas Fouquet, the French finance minister of Louis XIV. Champs d’Or, owned by Shirley Goldfield and her husband Alan Goldfield was built over five years.
It is an opulent fantasy land and a palatial home that features six bedrooms, six full bathrooms, eight powder rooms, three kitchens a two-story mahogany library, a Versailles-inspired ballroom, a conservatory, a theater room with opera box-style seating, and a wine cellar. Every room has been designed to stand out on its own. The master suite boasts of a steam room, a hair salon, an exercise room, an Lalique glass door-enclosed indoor lap pool, and a two-story pink and black “hers†closet. There are also staff quarters and a commercial-grade laundry room. The buyer at the auction also has the option of taking up an additional 37-acre parcel of commercial land next to the estate.
Via: forbes, web.conciergeaustions
