The Real Deal New York

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

It's also in Alabama...

October 10, 2015 10:00AM
By Business Insider

the-biggest-mansion-in-alabama-is-being-auctioned--and-it-could-be-the-buy-of-a-lifetime(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.

welcome-to-birminghams-50000-square-foot-guitar-house-auctioned-in-2003-for-395-million-the-home-was-listed-in-2011-for-179-million(Courtesy of Quinn PR)

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

by-early-2015-the-listing-price-fell-to-99-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.

architect-bill-sheppard-modeled-the-design-after-historic-castles-in-italy-and-france-as-you-walk-through-the-foyer-dont-forget-to-look-up(Courtesy of Quinn PR)

The house has 15 bedrooms and 22 bathrooms.

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.

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.

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.

house-says-the-homes-drapes-cost-upwards-of-400000-as-did-the-custom-carpets(Courtesy of Quinn PR)

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

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.

a-detached-3000-square-foot-caretakers-house-has-two-bedrooms-two-baths-two-offices-a-workshop-and-a-two-car-garage-the-main-homes-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.

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.

house-says-the-driveway-was-inspired-by-andrew-jacksons-home-the-hermitage-in-nashville-tennessee(Credit: DeCaro Luxury Real Estate Auctions)