How to sell the most expensive house in South Lake?Markdowns went viral, at least Tracy Tutor and Breah Brown of Douglass Elliman did just that.
they sold one full of joy The Mediterranean-style mansion at 1469 Sunshine Lane is on the market for an undisclosed price, which they say is “record-breaking”.
The house, which has an indoor trampoline, bowling alley and hidden waterslide, hit the market in 2021 with Kyler Williams for nearly $25 million. Eventually, the seller switched brokerage firms and Tutor and Brown took over the listing. They lowered the price to $19.9 million, then to $17.9 million before it went viral. They closed the deal on June 1st, real deal Learned.
TRD First reported in December, it went viral after Zillow Gone Wild posted about it in January.
“In terms of the media attention the property has received, it has kind of taken on a life of its own,” Tutor said. “There are so many elements that are one-offs—the pool is crazy, the basketball court, the bowling alley. You pick up that house in Los Angeles, and you’re looking at a $150 million property.”
Built in 2016 and described as an “entertainer’s paradise,” the 31,000-square-foot home sits on 3.6 acres and has eight bedrooms. The estate’s plethora of amenities puts Dave & Busters to shame.
It also has a home theater, batting cage, yoga room, golf simulator, wine room, elevator and two saltwater swimming pools.
With the usually slow summer buying months underway and sellers already out of the property, they have an incentive to lower prices further until a suitable buyer comes along, Tutor said. million dollar listings.
The sale of Sunny Lane could spur more ultra-luxury residential development in Southlake, she said.
“In terms of the quality of the estate and the final sale price, this property is certainly the biggest deal in Southlake,” Tutor said. “So I think that will open up the door for other developments and those who want to build these large 20,000 to 30,000-square-foot homes people work miracles.”
Mentors and Leaders at Brown Douglass Ellimans Texas Expansion Last year it had offices in Dallas and Austin. While the luxury market has returned to reality last year, especially in Austin, the market should start to level off next year, Tutor said.
“Rates will come down a bit by next summer, but prices haven’t really dropped that much. In conversations with customers about pricing, we’ve had to get a little more realistic, and what was quoted a year ago is different than what it is today,” Tutor said. explain. “The conversation I’m having is ‘we need to reduce the negotiating space, we need to really analyze where we think the property will land and list to within 5 percent.'”