A wise man once said to avoid counting money while sitting at the table, countering there would be "time enough for countin’ when the dealin’s done."
Of course that man is country, pop, and GEICO commercial star Kenny Rogers. While it’s hard to say whether this week’s auction of the nearly 1,000-acre estate he built near Athens signals the proverbial end of dealing for the owner (not him), it’s interesting nonetheless.
Originally purchased in 1983, Rogers built the massive estate to include a 12,000-square-foot mansion, five guesthouses, two clubhouses, an equestrian arena with 44 stalls, two swimming pools, and an 18-hole golf course where Rogers and pals used to play charity tournaments.
He sold it in 2003 to Las Vegas real estate investor Wes Adams, who died in 2011. The property has been for sale by the Adams family for five years now. It was listed in 2011 for $20 million and has decreased in price several times over the years.
In a nod to the very real possibility that no other individual will buy the place for personal use, the website,www.beaverdamsale.com, puts forth a range of other hypothetical uses for prospective buyers:
"This beautifully accessible, yet secluded property could be operated as a botique (sic) resort property"
"Beaver Dam Farms could be tastefully developed into a private, gated exclusive home community with home owners (sic) enjoying access to the golf course and other common amenities"
Bidding starts Saturday at $3.5 million.
Author:Marilyn Cortez Phone: 956-587-1633 Dated: July 6th 2016 Views: 456 About Marilyn: Always ahead of the highly competitive RGV real estate market, Marilyn Cortez is a Spanish speaking ...
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Always ahead of the highly competitive RGV real estate market, Marilyn Cortez is a Spanish speaking native of the Rio Grande Valley. Born and raised in Mission, Marilyn is committed to her clients, and is recognized as a Top Agent in the Greater McAllen Real Estate area, and within Keller Williams Realty. Since the start of her Real Estate career in 2007, she has sold over 40 million dollars of real estate. Known by her fellow real estate agents to be hardworking, honest, dedicated and motivated, Marilyn is knowledgeable in all areas of Real Estate and has built her business on results, with more than 70% of her clients being repeat clients.