Crantzdorf Castle back on the market!
191 Degrasse Drive, Johnson City, Tennessee, United States, 37601
The iconic Crantzdorf Castle in Johnson City, Tennessee is back on the market and ready for a new owner. Encompassing 13 acres, the 24,000 square foot mansion was modeled after the Palacio de la Magdalena in Spain. The property was previously owned by auto dealer Steve Grindstaff who originally listed it at a staggering $28.5 million. Real Estate company Mountain Sotheby’s International Realty later reduced the mansion to $19.5 million. Still failing to find a buyer at the new price, the mansion was set to go to auction to the highest bidder on June 16th, 2011 with Concierge Auctions.
With short notice the auction was cancelled since three parties were interested in purchasing the castle. Kari Neering, associate vice president for Rubenstein Public Relations said, “The seller has elected to focus on negotiating a deal rather than go to auction.” None of the three interested parties ended up purchasing the mansion, which later sold on August 23, 2011 to Kenneth Wayne Thacker for $3.36 million – an 88% discount from the original asking price. Crantzdorf Castle has just come back onto the market for $4,850,000. The mansion features 9 bedrooms, 10 full & 4 partial bathrooms, 22′ tall entry doors, imported marble, an imported bar from England, a state-of-the-art home theatre, a 14-car garage, and a 1/13 scale Bristol Motor Speedway! To see the full listing click here, to see pictures from the previous listing click here.