This unit priced when new in 2006 for $6.125 million, sold in 2007 for $5.625. The property listing described it thus:
SITTING HIGH UP W/INCREDIBLE VIEWS AT CHIEFTANS, A PRIVATE ASSOCIATION. AN EXTRAORDINARY HOME, GRAND HIGH CEIL, WONDERFUL PUBLIC RMS, EXCEPTIONAL CRAFTSMANSHIP, EXQUISITE DETAILS. GARDEN LEVEL LUX. FINISHED W/MOVIE THEATRE, GYM, SAUNA/STEAM SHOWER & WINE CELLAR OPENS TO MAGNIFICENT GROUNDS & VIEW. AMENITIES INCL 24 HOUR SECURITY, GROUNDS MAINT, SNOW PLOW & MORE. MONTHLY MAINT $1500/MO.
In 2008 the new owner decided to sell it again, this time with a different broker, for $5.975. That broker described it as follows:
SITTING HIGH UP W/INCREDIBLE SOUTHEASTERLY VIEWS ACROSS OPEN CONSERVATION PRESERVE AT CHIEFTANS, PRIVATE ASSOCIATION W/24 HOUR GATEHOUSE SECURITY. AN EXTRAORDINARY HOME, GRAND HIGH CEILINGS, WONDERFUL PUBLIC ROOMS, EXCEPTIONAL CRAFTSMANSHIP, EXQUISITE DETAILS. SUMPTUOUS MASTER SUITE, 2 STORY CENTERHALL W/IMPRESSIVE STAIRWAY. GARDEN LEVEL LUXURIOUSLY FINISHED W/MOVIE THEATRE, GYM, SAUNA/STEAM SHOWER, FAMILY ROOM & WINE CELLAR W/BARREL VAULTED CEILING OPENS TO MAGNIFICENT GROUNDS & VIEW. INCLUDES GROUNDS MAINTENANCE, SNOW PLOW & MORE @ $1700/MO.
She must have thought that the lush writing of the original listing worked well, so why mess with success? But alas, either the market changed or people felt that the house was as shop-worn as the prose used to describe it but for whatever reason, it didn’t sell, until today. It’s last asking price was $4.995 million and will presumably sell for less than that. A million bucks for two year’s occupancy seems like a stiff rental to me but at least the next buyer won’t need to hire a copywriter when he decidesto sell it again.