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 Photo Info
Posted By: Hal Brown
Date Posted: Jun 15, 2010
Description: will he ever finish it?
Date Taken: Jun 15, 2010
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File Name: DSCN1430.jpg   - Photo HTML
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Read what others had to say:


Troy iRMT Heavy Maint. Enriquez - Jun 15,2010   Viewers  | Reply
    Not until he hires me as his project manager.     
  
David Myers - Jun 15,2010   Viewers  | Reply
    who is he?     
  
Daniel Paul Myers - Jun 15,2010   Viewers  | Reply
    that seigel guy...     
  
Don Hull - Jun 16,2010   Viewers  | Reply
    Where is the runway or waterway????     
  
Troy iRMT Heavy Maint. Enriquez - Jun 16,2010   Viewers  | Reply
    you see! I would already have the runway finished.     
  
Don Maxwell - Jun 16,2010   Viewers  | Reply
    What is that place, anyway? I flew over it last year and wondered.     
  
John Robert Dunlop - Jun 16,2010   Viewers  | Reply
    I don't know either but it looks like they ran out of money!     
  
Don Maxwell - Jun 16,2010   Viewers  | Reply
    Maybe it's to be the Taj Mahulk. Or the Taj Mahollow. Or the Taj--Mygawd! Or the Taj Ma--what the heck is THAT?!!!     
  
Jon Ladd - Jun 16,2010   Viewers  | Reply
    David Seigel is a Time Share mogul in Central Florida. His third wife is running him short on cash and he will sell this for $75M. I guess there is a sucker out there somewhere.<br />Hey Lima, want to be my neighbor?     
  
Dave Lima - Jun 16,2010   Viewers  | Reply
    Noooooo! Women have a way of doing that to a guy. It reminds me of building an airplane 90% done and 1,000,000% to go.     
  
Philip Mendelson - Jun 16,2010   Viewers  | Reply
    I believe Curt Chana said he went broke...     
  
Don Maxwell - Jun 23,2010   Viewers  | Reply
   
American Versailles in Florida

a closer look

$75 million home for sale, ‘as is’

90,000 square-foot mansion called ‘poster child’ of overindulgence

BY ANTONIO GONZALEZ

The Associated Press

WINDERMERE, Fla.


Listed as a “monument to unparalleled success,” the largest home for sale in the United States comes with plenty of space but no carpet, tiles or interior walls. It’s up to the future buyer to finish it.

The mansion started by timeshare tycoon David Siegel boasts plenty of big numbers: 90,000 square feet. Twenty-three bathrooms. Thirteen bedrooms.

Ten kitchens. A 20-car garage, with additional space for two limos. Three pools. A bowling alley. Indoor roller rink. Two-story movie theater. Video arcade.

Fitness center. Baseball field and two tennis courts.

All that and more for $75 million, “as is.” There’s an option to buy it completed for $100 million.

Nicknamed “Versailles” for the French royal palace that inspired it, the edifice hit the market recently.

Construction was halted last year to save money in a recession that proved particularly hard on Siegel’s once-booming industry.

“This mansion is a great anecdote of the overcon­sumption that led to the housing bust, and it might be the poster child of such overindulgence,” said Jack McCabe, a Florida-based real estate analyst.

“It’s like a living piece of art,” said Lorraine Bar­rett, a Coldwell Banker real estate agent who has the listing.

She said Siegel, who has 12 children, easily could have moved forward with construction but wanted to avoid cutbacks at his company, Westgate Resorts.

Requests to interview Siegel were not returned through Westgate Resorts or Barrett.

The Versailles mansion is currently tied for fifth by price with several others. But it has, by all accounts, the most square footage under one roof in America for a home after the Biltmore Estate in Asheville, N.C. It’s not cheap to maintain, either.

Taxes alone on the property, if sold at $100 mil­lion, would be $1.45 million to $1.74 million annually, according to the Orange County property appraiser’s website. The yearly upkeep also likely would fall in that range, real estate agents said.
    
  
Frank A. Carr - Jun 23,2010   Viewers  | Reply
    $100M but non-waterfront and no runway. Who would want it?     
  
Jon Ladd - Jun 23,2010   Viewers  | Reply
    1400 feet of water front, still don't want it.     


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