A sprawling lakefront estate in Northern Michigan once asking $12.5 million has found a buyer at an auction that concluded last week, according to the online auction platform Interluxe.
The property was marked “under contract” for $9.845 million as of Friday. It was offered at auction with a starting bid of $2.5 million on May 31, after being on and off the market since its construction in 2009.
In February 2021, Realtor.com reported that the home was Michigan’s most expensive listing. It was last listed for $11 million, listing records show. Situated on three acres with 197 feet of direct waterfront access on Lake Charlevoix, the mansion has 16,000 square feet of living space with seven bedrooms and eight bathrooms.
Amenities include a state-of-the-art home theater, a 2,000-bottle temperature-controlled wine cellar, and a family room with a bar imported from Malaysia, according to the marketing material.
The property also features a separate one-bedroom apartment on top of a garage; a covered patio; and a 230-foot dock with two electric boat lifts, according to Interluxe.
The residence was developed under an agreement with the previous owners’ trust, property records show. Interluxe did not immediately respond to an email request for comment.
Mansion Global could not determine who had the winning bid at the auction.
Article Source: Mansion Global