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Property of the Week: Great Lakes Mansion, for less than replacement cost
By Juwai, 10 November 2013
Is it a palace, a mansion or a castle?
Thatâ€™s the first question you ask yourself upon seeing this US$8.75 million property, listed by Jameson Sothebyâ€™s International Realty.
In reality, itâ€™s all three.
Priced well below its original price and replacement cost, this unique residence will appeal to the buyer who wants a home to talk about and the one who wants a bargain.
Weâ€™ve chosen a US property this week to celebrate the fact that Juwai.com is exhibiting at this weekendâ€™s National Association of Realtors Expo. Juwai.com Co-CEO Simon Henry will be speaking to the agents at the Expo about international real estate marketing.
Our property sits high on a bluff overlooking Lake Michigan, the only one of the Great Lakes located entirely within the United States.
The owners have achieved something rare, in making a property so large feel comfortably nestled in the surrounding tall trees.
Features that the selling agent highlights include the two-story wood-paneled library and a grand parlor of the same height.
There is also a classically styled 14-seat movie theatre, a landscaped indoor pool with whirlpool, steam room and locker room.
Of course, the property also has a three-bedroom home for guests or staff, a beach house with 100 feet of lake frontage and an 80+ acre parcel within close proximity to the main house.
View this property on Juwai.com or on SothebysRealty.com.