This insane mega-mansion is a bargain, and it’s about to hit the auction block

It's also in Alabama...

New York /
Oct.October 10, 2015 10:00 AM

(Credit: DeCaro Luxury Real Estate Auctions)

Birmingham’s most infamous luxury listing is hitting the auction block on Halloween.

Known as “The Guitar House” and touted as Alabama’s biggest estate, 7 Montagel Way is the dream home of Larry House, the former CEO of MedPartners, a healthcare-staffing firm. House resigned his position in 1998, right before the company was sued by its shareholders. This happened around the same time that House settled a costly divorce.

Though the 27-acre estate was sold by another auction house in 2003, a spokesperson explains that House “put the home up for auction and it was purchased by a bank, which he then bought it back from.” The house was sold for a reported $3.95 million at the 2003 auction.

The private auction on October 31 is in collaboration with DeCaro Luxury Auctions, and the bidding will start at $0. The auction house describes the property as “the buy of a lifetime.”

Keep scrolling to check out the house with a guitar-shaped driveway and palatial interiors.

Welcome to Birmingham’s 50,000-square-foot Guitar House. Auctioned in 2003 for $3.95 million, the home was listed in 2011 for $17.9 million.

(Courtesy of Quinn PR)

By early 2015, the listing price fell to $9.9 million.

(Courtesy of Quinn PR)

Architect Bill Sheppard modeled the design after historic castles in Italy and France. As you walk through the foyer, don’t forget to look up.

(Courtesy of Quinn PR)

The house has 15 bedrooms and 22 bathrooms.

(Courtesy of Quinn PR)

The first floor of the Southern palace is separated into his and hers master wings. Each wing includes a bedroom, bathroom, walk-in closet, and sitting room.

(Courtesy of Quinn PR)

House poured a reported $30 million into the home, installing a huge wine room and a 25-seat home theater with a 170-inch screen, stage, and old-fashioned box office.

(Courtesy of Quinn PR)

House says the home’s drapes cost upwards of $400,000, as did the custom carpets.

(Courtesy of Quinn PR)

Traces of 24-karat gold leaf can be found throughout the mansion.

(Courtesy of Quinn PR)

A detached, 3,000-square-foot caretaker’s house has two bedrooms, two baths, two offices, a workshop, and a two-car garage. The main home’s nine-car garage can fit up to 12 vehicles.

(Courtesy of Quinn PR)

With a riding arena, two pastures, and a six-stall barn with a lofted apartment, this is also an equestrian estate.

(Courtesy of Quinn PR)

House says the driveway was inspired by Andrew Jackson’s home, The Hermitage, in Nashville, Tennessee.

(Credit: DeCaro Luxury Real Estate Auctions)


Related Articles

arrow_forward_ios
Sciame Construction CEO Frank Sciame and the Gold Coast Mansion
Frank Sciame buys massive Gold Coast mansion. Now what?
Frank Sciame buys massive Gold Coast mansion. Now what?
Trophy trees are the latest must-have for high-net-worth individuals decorating their mansions. (iStock)
Thought your mansion had it all? Don’t forget the trophy tree
Thought your mansion had it all? Don’t forget the trophy tree
Ashraf Pahlavi and 29 Beekman Place (Getty, Compass)
Iranian princess’ Midtown palace finally finds a buyer
Iranian princess’ Midtown palace finally finds a buyer
29 Beekman Place and Princess Ashraf Pahlavi (Getty, Courtesy of Zillow)
Inside the battle for an Iranian princess’ Midtown mansion
Inside the battle for an Iranian princess’ Midtown mansion
Michael Bloomberg and the Westlands in Meeker, Colorado (Credit: Bloomberg by Toni L. Sandys/The Washington Post via Getty Images)
Michael Bloomberg picks up $44M estate in Colorado
Michael Bloomberg picks up $44M estate in Colorado
Rick Pitino and 38 Indian Creek Island Road (Credit: Luxhunters, Panagiotis Moschandreou/Euroleague Basketball via Getty Images)
Basketball coach Rick Pitino sells Indian Creek waterfront mansion
Basketball coach Rick Pitino sells Indian Creek waterfront mansion
Look, Ma, I’m in a mansion: College kids in Vancouver benefit from new tax
Look, Ma, I’m in a mansion: College kids in Vancouver benefit from new tax
Look, Ma, I’m in a mansion: College kids in Vancouver benefit from new tax
Private equity bigwig lists $22.5M mansion, one day after mansion tax passes
Private equity bigwig lists $22.5M mansion, one day after mansion tax passes
Private equity bigwig lists $22.5M mansion, one day after mansion tax passes
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...