This amazing custom built estate boasts 7 bedroom, 7 1/2 bathrooms, an 8 car garage, and equestrian stables on 3.7 acres. There is a heavy rehab needed because the house was flooded while the owner was out of town. A water pipe broke and flooded the whole house. The owner found out days later and did not have insurance so couldn’t make a claim. The seller had the house listed for $2,600,000 when the pipe burst and they were negotiating an offer.
The water damage needs repaired and all of the flooring will have to be replaced. Other than that the repairs will be cosmetic and based on the buyer's level of finishes. Different contractors have come up with figures ranging anywhere from $300,000 to $600,000.