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Ormond Beach Mansion fails to sell

Ormond Beach Mansion fails to sell

Ormond Beach Mansion fails to sell
March 09
16:05 2013

fs_4117JP-King-Prestwick-Estate-ELC_-018Ormond Beach Mansion fails to sell

Ormond Beach, Florida, United States

A mansion that went to auction with a minimum bid of just $2.5 million failed to sell on March 8, 2013 reported Daytona Beach News-Journal.  The sprawling 14,000 square foot French-country mansion sits on 3.97 acres overlooking the Par 3, 11th  hole of the Prestwick Golf Course at Plantation Bay.  The mansion is said to have cost $8.9 million to construct and was offered fully furnished at the March 8th auction.  Appraisers give it a current value of just $2.5 million.

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The property is owned by Gale Lemerand who told the Daytona Beach News-Journal, “he hasn’t lived there in seven years because it was too big.”  J. Craig King, president and chief executive offers of J.P. King Auction Co., said the event didn’t bring in enough serious buyers and they will now be talking directly with prospective buyers.  Features of the home include a grand entrance, gourmet kitchen, home theatre with 7 custom-made La-Z-Boy recliners, billiards room, luxurious master suite, a screened in outdoor area with swimming pool, luxurious master suite, and a one-bed, one-bath guest quarters with separate entrance.

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