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

It's also in Alabama...

TRD MIAMI /
Oct.October 10, 2015 01:00 PM
 

[From the New York site:] 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.

 

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

 

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.

 

The house has 15 bedrooms and 22 bathrooms.

 

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.

 

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

 

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

 

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.

 

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

 

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

 

Related Articles

arrow_forward_ios
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
From left: 3716 Embassy Drive in West Palm Beach and 80 Nottingham Place in Boynton Beach

South Florida properties involved in $85M debt relief scheme head to auction

South Florida properties involved in $85M debt relief scheme head to auction
249 West Alexander Palm Road and Kimberly Vassalluzzo

Fund manager’s wife buys Boca Raton mansion for $13M

Fund manager’s wife buys Boca Raton mansion for $13M
From left: James Grage, Matthew Elliott, and Marc Hameroff, with the home

Fitness expert wants to shed his Hollywood home via auction

Fitness expert wants to shed his Hollywood home via auction
Jeffrey Epstein (Credit: Daily Beast | Getty)

The feds are in no apparent rush to seize Jeffrey Epstein’s Palm Beach mansion

The feds are in no apparent rush to seize Jeffrey Epstein’s Palm Beach mansion
1575 Ponce de Leon Boulevard

Pet Supermarket founder buys Huizenga estate for $14M

Pet Supermarket founder buys Huizenga estate for $14M
Lourdes Alatriste, Jill Hertzberg and Marc Hameroff with 41 Arvida Parkway (Credit: Realtor)

Coldwell Banker sues for unpaid commission on $26M Coral Gables auction sale

Coldwell Banker sues for unpaid commission on $26M Coral Gables auction sale
555 Arvida Parkway, Manny Medina and Audrey Ross (Credit: Concierge Auctions)

Miami tech billionaire’s taking his Coral Gables estate to auction

Miami tech billionaire’s taking his Coral Gables estate to auction
arrow_forward_ios

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

Loading...