Climateer Investing: For Sale: Your Very Own White House Knock Off

Wednesday, January 6, 2016

For Sale: Your Very Own White House Knock Off

From Curbed:
Grandiose White House Knockoff in Dallas Asks $15M

Location: Dallas, Texas
Price: $15,000,000

With its white limestone exterior and impressive semicircular colonnade, this Dallas mansion is a pretty tip-top White House knockoff. Inside the 16,000-square-foot mansion, though, the style is less presidential pad and more splashy French château. Sure, it's truly over-the-top, but the four-bedroom home, extensively renovated in the early aughts to its current state, deserves an A+ for effort. To start, just try to count the number of antique French fireplaces, and then soak in the custom French limestone flooring, a staircase modeled after one in a Parisian museum, the massive brick wine cellar with groin vault ceiling, Louis XIV-style chandeliers, a bathroom with marble flooring replicating a pattern employed in Versailles...

http://cdn.cstatic.net/images/gridfs/568d3adaf92ea101e40040be/IS5qbo85jpikys1000000000.jpg

Presiding over a gated, landscaped 3.3 acres, the residence comes with a formal garden, tennis court, pavilion, and six-car garage (including two limo-length spaces). After going on and off the market, the estate originally asking $19.5M in July 2014 is now back for a cool $15M. It's all certainly indulgent to look at, but will someone finally find it livable enough to buy?...MUCH MORE

Quite a bargain compared to the Zillow estimate for this shack:

1600 Pennsylvania Ave NW, Washington, DC 20006
16 beds 35 baths 55,000 sq ft

Built in 1792, this magnificent 132-room mansion is the rarest of homes in the U.S. since it is not only the residence of the U.S. president and his family, but it also has two wings with offices for the president, the First Lady, top staff and aides. Designed by Irish architect James Hoban, it was built during the Federalist period (late 1780-1830), but is considered Georgian in the Palladian style with neoclassical influences. After the cornerstone was laid on October 13, 1792, it was built by… More

Off Market

$397,051,231

Update my Zestimate

$1,999,530/mo