SOLD: Unfinished Grosse Ile Mansion with 300′ Tanglewood Conservatory Sells for $3M
20638 E River Road, Grosse Ile, Michigan, United States, 48138
Somebody just got the deal of the century! A sprawling home with a little under 17,000 square feet of unfinished space across the street from the Detroit River in Gross lle, Michigan has sold for $26 million less than the initial asking price. It was being built by John Bates, owner of Heidtman Steel, who according to The Detroit News, had started planning the project in 2002 for his blended family of eight children and a few grandchildren. Construction started in 2006 and stopped when the recession hit. The Detroit News reported that the couple then decided the mansion was too large for them. The property sat unfinished, waiting for a buyer to come in and put their stamp on it. It initially hit the market in September 2018 for $29 million before dropping to $19 million just two months later. It was reduced to $9.75 million in January 2019 and again, in May, to $5.9 million. It was reduced once more to $4.75 million before finding a buyer for $2.9 million. One of the home’s most spectacular spaces is the 300 foot Tanglewood Conservatory which comes prepped for a pool and cascading waterfall. Other details include 8 bedrooms, 15 bathrooms, custom plaster work, heated flooring, walnut hardwoods, marble and limestone details and 9 fireplaces. The home sits on a 2.5 acre property. It’s unknown who purchased the property.