A historic mansion in downtown San Antonio has hit the market.
Owners Dona and Pat Liston offered $6 million for the Lambermont estate at 950 East Grayson Street, a four-story, 9,000-square-foot estate, the San Antonio Business Journal reported. report. Tony Pitkin of Keller Williams Commercial is representing the sellers.
Built in 1894, the Lambermont Hotel belonged to statesman and diplomat Edwin Terrell and his family until his death in 1910. It changed hands several times during the 20th century before the Listons bought it in 2008 and converted it into an events venue. It has nine bedrooms, nine bathrooms and sits on just over an acre, according to Zillow.
The neighboring military base Fort Sam Houston can be seen from the stone balconies on the upper floors of the Lambermont Hotel. It’s in the Government Hill Historic District, which means its exterior must be preserved and any modifications must be approved by the city’s Office of Historic Preservation.
There are no other similar properties in the area, making it difficult to determine its value. It has a tax assessment of $3 million this year and the Listons have undertaken a series of “multi-million” renovations.
With a dearth of comparable homes, Pitkin had to get creative when setting listing prices.
“We looked at what Donna paid for the building, how much she spent on renovations and how much the building owed her,” he told the outlet.
However, the Listons are in no rush to sell the mansion. They are hoping to find the right buyer and have already turned down those who wanted to turn it into a private club or bed and breakfast.
In the meantime, the Lambermont Hotel will continue to host weddings and events.
— Quinn Donoghue