Now Renting in Calabasas, Nelly Is Selling Abandoned Mansion in Missouri

Nelly is ready to take off from his abandoned Missouri digs. The hip-hop star has placed an unfinished remodel in Wildwood, MO, on the market for $599,000.

This is a precipitous drop from the listed price of $2.5 million in 2002, when the home was last on the market.

The St. Louis native reportedly snapped up the property, billed as “Tuscan-style architecture,” as an investment opportunity. Sarah Tadlock of Keller Williams is now the listing agent.

Mansion in Missouri

Unfortunately, the Grammy winner has less than a winning touch with this real estate.

Apparently, the plan a couple of decades ago was for Nelly to buy the place and then flip it with a “contractor friend,” TMZ noted. And although some work appears to have begun, the project now looks as if it was abandoned long ago.

Two decades later, the home has fallen into a state of disrepair. For buyers who know their way around a rehab, the home is a deal.

Just be sure to add in a (hefty) budget for renovations, and plan to flip the finished product, or move in.

“It’s quite a home. It’s pretty spectacular,” says Coco Bloomfield, a local real estate agent with Dielmann Sotheby’s International Realty—who isn’t affiliated with the listing.

Bloomfield did walk through the property recently with a potential buyer. She notes that some of the renovations that were begun—some modest kitchen finishes, for example—didn’t match the upscale style of the home.

She estimates the cost of improvements to bring the place back to a livable condition at around $500,000, but adds that the figure could easily soar to $1 million, depending on how high-end a renovation the buyer opts for.

The work needed includes updating and possibly expanding the kitchen, gutting the bathrooms, adding flooring, and fixing up the pool.

“You would have quite a property when you are done,” Bloomfield says. “The views are unbelievable. You could well make back the money on the property, if you want to go through the hassle of renovation.”

She notes that the listing already has multiple offers, and she believes the home is likely to sell for well over its asking price.

Wildwood currently has 228 homes for sale, with a median list price of $500,000.

Local prices ramp up with larger amounts of land and bigger houses. For example, a nearby 7,500-square-foot home from 2016, with a 3-acre “backyard oasis,” is listed for $1.95 million and in pending sale status.

Nelly's mansion in Wildwood, MO
Nelly’s mansion in Wildwood, MO

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Two-story entrance
Two-story entrance

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Unfinished space
Unfinished space

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Fireplace and columns
Fireplace and columns

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Deck with view
Deck with view

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Views from floor-to-ceiling windows
Views from floor-to-ceiling windows

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Backyard with demolished wall
Backyard with demolished wall

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Missouri makeover

The palatial estate offers six bedrooms and 6.5 bathrooms, on nearly 11,000 square feet. Described as an “amazing investment opportunity” in the listing, the mansion, which was built in 1998, is said to feature “some of the best views in Missouri.”

The high-ceiling, large-volume rooms open with a two-story entrance. Details include dramatic vaulted ceilings, columns, and walls of glass to take in the views of the Meramec River valley.

The floor plan is said to offer a great room, separate dining room, breakfast room, media room, game room, library, fireplaces, and multiple balconies. In many places, the unfinished space is waiting for flooring to be installed.

Outside, the 12 acres of land include a basketball court, pool, hot tub, and three-car garage. The grounds and water features, however, will need serious rehab before the next pool party. A partially demolished wall also needs to be addressed in the backyard.

The home is minutes from the Hidden Valley Sky Resort in Eureka, the listing notes, and about 30 miles from St. Louis.

The home last made headlines in 2009, when it was reportedly burglarized, and some video games and electronics were stolen. Nelly wasn’t there at the time.

Nelly’s previous abode in St. Louis, a lakefront, ranch-style home, was featured on a 2002 episode of “MTV Cribs” and showed off its motor court filled with luxury cars. The rapper reportedly sold the pad, which had four bedrooms and a boat dock, in 2010.

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Cozy in Calabasas

As for the “Hot in Herre” rapper, he and his girlfriend, Shantel Jackson, have decamped to the celebrity enclave of Calabasas, CA, where they are leasing a home.

The longtime couple posted a New Year’s shot on Instagram.

The mansion they are living in, in the gated community of Mountain View Estates, offers six bedrooms on 6,158 square feet.

From the formal entry, the expanse includes a living room, dining room, and gourmet kitchen. A family room features a wet bar and fireplace. The master suite features a fireplace, double closets, double bathrooms, and a large balcony.

The outdoor space offers outdoor cooking and dining areas, a pool and spa, sport court, and putting green. Best of all? No home improvement projects are required.

Calabasas rental
Calabasas rental

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Nelly, whose given name is Cornell Iral Haynes Jr., debuted his album “Country Grammar” in 2000. The album hit No. 1 on Billboard. The two-time Grammy winner’s chart-topping songs have made him one of the best-selling rap artists.

  • For more photos and details, check out the full listing.
  • Homes for sale in Wildwood, MO
  • Learn more about Wildwood, MO

Source: realtor.com

The pandemic has caused a surge in demand for vacation homes

The COVID-19 pandemic appears to have inspired more people to look at buying a vacation home, according to a new analysis of mortgage data by the online real estate brokerage Redfin.

In its analysis, Redfin found that mortgage applications for second homes jumped by 84% in January, compared to one year ago. And in September 2020, they surged by 118% year over year.

Taylor Marr, an economist at Redfin, said that although demand is down slightly in January from its peak last fall, the fact that there were nearly twice as many applications for a second-home mortgage as there were in the year before means that this is no fad.

“Many Americans have realized remote work is here to stay, allowing some fortunate people to work from a lakefront cabin or ski condo indefinitely,” Marr said.

The annual rise in second-home applications is more than double the increase in applications for primary homes, according to Redfin’s analysis. That has led to a rapid increase in the prices of homes in vacation hotspots, with many towns and cities seeing double-digit yearly growth. The high prices are partly due to the limited inventory of homes for sale in those places, Redfin said.

Jaime Moore, a Redfin real estate pro in Las Vegas, said that the desire for vacation homes there is as strong as ever. The problem, she said, is that inventory is so low that fewer people are actually able to find a home that meets their needs and budget, submit an offer and then apply for a mortgage on it.

“The market is still highly competitive, and almost all the buyers are people from the San Francisco area purchasing their second home,” Moore said. “The only time I see a buyer looking to purchase a primary residence is when they already live here in a rental, and they’re looking for something more permanent.”

Source: realtybiznews.com

$20.75 Million Lakefront Estate Is Wisconsin’s Most Expensive Home

An estate on a coveted piece of lakefront property now holds the title of most expensive home in Wisconsin.

Recently listed for $20.75 million, the mansion on Snake Road in Lake Geneva, WI, is ideal for a wealthy Windy City resident in search of an escape.

Built in 1906, the home, known as Villa Hortensia, measures 12,396 square feet and sits on 20.5 acres of lakefront property about two hours from downtown Chicago.

“From the beginning, [Lake Geneva] has been a retreat for the wealthy. That’s why a house like this gets built,” says the listing agent, David Curry. “The combination of a huge property, with highly pedigreed design, in relatively nice condition, is a rare combination on the lake.”

In Curry’s opinion, the location of the property is hard to top.

“What makes the property exciting—it’s not just a cool house with a classic design,” he adds, noting that it’s on what he describes as “one of the top 10 pieces of dirt on the lake.”

Built for a Chicago meatpacking tycoon, Edwin Swift, and named for his wife, Hortense, the estate has serious architectural credentials. The architect Howard Van Doren Shaw and the landscape architect Jens Jensen worked together to create the timeless residence, which is flanked by a number of other prestige properties.

“It’s on Snake Road, which is where the majority of our large legacy estates are located,” Curry explains.

Billionaires own the homes on either side, but this villa creates an indelible impression.

“When you’re driving up to it, you see it for quite a distance before you arrive at it. It’s just immense,” he adds.

Exterior of estate on Lake Geneva, WI
Exterior of estate on Lake Geneva, WI

Geneva Lakefront Realty

Aerial view
Aerial view

Geneva Lakefront Realty

Driveway
Driveway

Geneva Lakefront Realty

Interior
Interior

Geneva Lakefront Realty

Living space
Living space

Geneva Lakefront Realty

The current owners have held onto the home for about 20 years and are year-round residents. Curry told us that full-time residents are a rarity on this exclusive stretch of lakefront homes.

Despite its size, Curry thinks the prestige property may be better suited to an owner who uses it as a getaway.

“It’s more than likely the ultimate and best use of this property is similar to the other ones on the lake, which are almost entirely vacation homes,” he says.

Bedroom
Bedroom

Geneva Lakefront Realty

Bathroom
Bathroom

Geneva Lakefront Realty

Bedroom
Bedroom

Geneva Lakefront Realty

Bedroom
Bedroom

Geneva Lakefront Realty

The house has 18 rooms, including six bedrooms, 10 full bathrooms, plenty of living space, and a finished basement.

It also boasts great bones.

“Old homes like this with an architectural pedigree, the layouts weren’t complicated. They weren’t busy, like they would be today,” Curry says. “The simplicity of it really stands out. It’s just clean. It’s simple. The rooms are all oriented to face the water.”

He also points out that the house doesn’t seem overwhelming or stuffy.

“I think what struck me the first time I visited is how approachable it was,” he says. “It isn’t some big, weird museum, where you rattle around in it. It’s a really smart, intuitive design.”

Guesthouse
Guesthouse

Geneva Lakefront Realty

Exterior
Exterior

Geneva Lakefront Realty

In addition to the main house, there are a three-bedroom guesthouse, a boathouse, and two storage buildings.

The property also offers 502 feet of lakefront frontage with a gentle slope, a rarity on this lake.

“From the entrance on Snake Road, all the way down to the main house, it’s largely level the whole way through,” Curry explains. “One of the unique parts about the property is that it doesn’t just wind down a big, steep, unusable wooded hillside, and then dump you out on the lake. The whole drive in is reasonably level and usable property.”

Interior
Interior

Geneva Lakefront Realty

Dining room
Dining room

Geneva Lakefront Realty

Living space
Living space

Geneva Lakefront Realty

For entertainment, there is a pool and a clay tennis court. Curry says the land would be perfect for soccer or any other kind of outdoor activity. There are also two piers on the lake for boats.

The current owners have updated the roof and mechanicals, so Curry says that all the new owners have to do is come in and make it their own.

“This home has original millwork, original doors, original windows, and original detailed latticework. It’s got tons of original features, but I do think a new buyer will probably upgrade the kitchen, and probably the baths, repaint, and swap some fixtures here and there,” he says. “It does not need some form of massive renovation. It needs appropriate cosmetic updating.”

Aerial view
Aerial view

Geneva Lakefront Realty

Interior
Interior

Geneva Lakefront Realty

Bedroom
Bedroom

Geneva Lakefront Realty

Living space
Living space

Geneva Lakefront Realty

Source: realtor.com

‘Nicest House on the Lake’: This $12.5M Mansion Is Michigan’s Most Expensive Home

A sweet lake house on the market for $12.5 million is the most expensive home in all of Michigan.

The 16,000-square-foot house is in Charlevoix, MI—a small town in the upper reaches of the state that markets itself as “Charlevoix the Beautiful.”

Built in 2009, the grand mansion on Lake Charlevoix features seven bedrooms, eight bathrooms, and two half-bathrooms.

The effort behind the home’s construction was no small feat.

“It took about five years to build, and the decor has been imported from all over the world,” says the listing agent, Rik Lobenherz, praising the craftsmanship and finishes in the residence.

The ornate wooden bar in the family room was imported from Malaysia in sections, and reassembled. Attention to detail is obvious in the home’s grand staircase, which spirals its way between floors, with lots of windows around it.

Aerial view of mansion in Charlevoix, MI
Aerial view of mansion in Charlevoix, MI

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Living space
Living space

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Bar
Bar

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Interior
Interior

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Staircase
Staircase

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Staircase
Staircase

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Upper level
Upper level

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Despite its enormous size, the house doesn’t feel unpleasantly large.

“Each of the rooms are set up so they’re very comfortable,” Lobenherz says. “You don’t feel like you’re in a mansion as such. The rooms are very cozy, and there are eight fireplaces, so it’s just a very comfortable, homey feeling.”

Bedroom
Bedroom

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Master bathroom
Master bathroom

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Bedroom
Bedroom

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Most living spaces and each bedroom offer water views, with numerous windows in place to take advantage of the waterfront setting.

The kitchen is spacious, with a large island and high-end appliances.

“The owner loves to cook, so it even has its own pizza oven. There’s nothing that’s missing,” Lobenherz says.

Kitchen
Kitchen

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Theater
Theater

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Wine cellar
Wine cellar

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For entertaining, there’s a game room, a bar area, a theater room, and a large wine cellar. Adjusting everything from the heat to the lighting in the home is easy.

“It’s a smart house, so everything can be controlled remotely,” Lobenherz explains.

Beyond the smart home features, the agent says the home will only require a minimum of effort to bring it up to date.

Living space
Living space

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Dining space
Dining space

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Dining room
Dining room

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The current owners have lived in the house full-time, but they are looking to downsize. The furnishings are not included in the list price, but could be negotiated into a deal.

The house sits behind gates on 3 acres of land, with 195 feet of waterfront on Lake Charlevoix. The orientation of the house on the lot provides views looking down the length of the lake.

“It’s probably one of the better locations on Lake Charlevoix, which is a very coveted lake that is connected to the Great Lakes. You can go anywhere in the world on your boat from there,” Lobenherz says.

To handle an owner’s vessel, there’s a 400-foot pier.

Pier
Pier

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Aerial view
Aerial view

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Outdoor space
Outdoor space

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Outdoor fireplace
Outdoor fireplace

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There isn’t a pool, but Lobenherz notes that the entire lake is there to swim in. A stream with waterfalls runs along the side of the house.

The house’s lower level has several walkouts to the lake, with plenty of indoor-outdoor living options. A huge stone fireplace is the perfect place to spend an outdoor evening.

Guests have a large garage, with a spacious apartment above it.

“It’s beautiful. It would be the only bedroom area that doesn’t face the water, since it’s above a four-car garage, but it has its own kitchen and its own living room. I could live there,” Lobenherz jokes.

As for who is the perfect buyer for this house?

“If they’re looking for the nicest house on the lake, this is the one they should be looking at,” the agent says.

Living space
Living space

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Garage apartment
Garage apartment

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Garage apartment
Garage apartment

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Source: realtor.com