Woodside Estate Drops to 34 Percent of 2012 PriceAugust 8, 2017
As we wrote earlier this year:
Originally marketed by Sotheby’s for $47.5 million in 2012, the 3.4-acre Woodside estate dubbed “Woodhaven Manor” at 700 Kings Mountain Road – which was built in 1988 and includes a 12,000-square-foot main home, a 1,200-square-foot carriage house and a 1,000-square-foot guest house – was listed for $28.888 million in 2015.
Relisted for $23.988 million early last year, the estate was listed anew, but without an address, for $21.8 million this past October, a price which was reduced to $19.8 million in December.
And yesterday, the price for the estate was further reduced to $17.85 million or roughly 62 percent below the original asking price, a sale at which will be considered to be “at asking” according to all MLS-based reports and stats.
The list price for Woodhaven Manor is now down to $15.99 million, which is 66 percent below the price at which it was being marketed in 2012 but a sale at which would still be considered to be swimmingly “at asking!”
Comments from Plugged-In Readers
I wonder how much of this devaluation is due to a generational shift in rich-people aesthetics. I.e. the Elon Musks and Travis Kalanicks of the world are done with this sort of architecture & landscape design, now finding it as dowdy and “period” as the rest of us see 1970’s fake wood paneling & related kitsch.
That atrium-ism room is f’ing ugly. This would need a lot of work for most buyers.
Good observation. I think you’re absolutely right. It’s basically down to land value.
“Period” can work. Just settle on one or two, though…
Do we know what its previous sale price was, as opposed to its previous asking price?
It’s like the owner has cornered the market on the ugliest carpeting ever.
The octagonal motif is grating. While it could be toned town, there’s no way to remodel that away.
That, and the different rooms don’t gell together well. Each one feels like walking into a different set for stock photos / cover art for a mid-market interior design mag circa 1987.
Mc Mansion hell. What a mess!
Strangest kitchen ever. It looks like a set for pairs cooking competitions.
The oven exhaust vent is truly elegant. And where did the copper Jell-o molds go in the second photo?
I would guess it’s a kosher kitchen.
Good observation. Looks like at least two fridges.
Buy this for the lot only, and build a new decent house.
The 12,000 ft.² main home has only “4 En-Suite Bedrooms, 5.5 finely appointed Baths”, which is a pretty pathetic amount if you’re actually housing a family vs. just maintaining a trophy property.
That 21,400 ft.² place in Los Altos Hills had five-bedrooms. There must be some unwritten rule of “modern” architectural thumb that as the floor area in increases, the ratio of total area to number of bedrooms decreases.
I think I stayed here! Isn’t this the Overland Park Airport Embassy Suites?
If this was someone’s dream house, it’s actually kind of sad. Someone should have given them advice. Or maybe they wouldn’t take any.
UPDATE: $47.5 Million Woodside Estate Fetches Under $10 Million at Auction
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