Tuesday, October 25, 2011

Listing of the Week: Life inside a guitar

You can live like a rock star in a place like this.

By Zillow

7 Montagel Way, Shoal Creek, Alabama
For sale: $17.9 million

You would expect that someone who owned a home with guitar-shaped landscaping to be an avid guitarist, or perhaps a collector, or at least some sort of music buff.

The owner of this prime piece of Alabama real estate is none of the above,? but Larry House, the former CEO of MedPartners, a physician? management company.

"The guitar was just a whimsical, great idea," explains listing agent Pam Ausley. "You know he just thought it up; he didn't make a lot of it but it's gotten a lot of attention."

According to Ausley, the guitar shaped grounds are just "a small part" of a house she likens to Versailles.

The home was built and designed by House in 1997 for a reported $26 million. House hired International Fine Arts Conservation Studios (IFACS), who worked on the Buckingham Palace, to install much of the detailing.

Listed for $17.9 million, the home has 55,000 square feet of living space and features high-end finishes like marble floors, mahogany floors and doors as well as gold and silver-leafing and hand-painted frescoes.

The home sits on 27 park-like acres and has equestrian trails, four pastures, indoor and outdoor arenas as well as a six-stall barn with attached living quarters. Located just 25 minutes outside Birmingham, and two hours from Atlanta, Ausley describes the surrounding Shoal Creek area as a mix between a? national park and a resort with access to some of the best golfing in the country.

With 15 bedrooms, 22 bathrooms, a 13-car temperature-controlled garage, a? 25-seat home theater, a full-sized commercial elevator, and a?? 2,000-bottle wine cellar, Ausley says the home has gotten a little too big for House.

"Their kids are grown, and they?re just ready to do something different," she said. "He knows it's not the best time to sell; he's just ready."

Even with current low mortgage rates, this Shoal Creek home has a pretty pricey monthly payment. According to data from the Zillow Mortgage Marketplace, with a 20 percent down payment on a 30-year-loan, the monthly payment will be $75,044.

The listing agent likes the mansion to Versailles.

When building this, the details obviously mattered.

The home is in park-like setting.

At 55,000 square feet, you'll have plenty of room to spread out.

Source: http://bottomline.msnbc.msn.com/_news/2011/10/21/8431314-listing-of-the-week-alabama-mansion-with-guitar-shaped-grounds

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