A huge country club estate in the city’s River Oaks neighborhood has fallen into foreclosure, and the bank is willing to let it go for $9.75 million. The nearly eight-digit price tag makes the home America’s most expensive foreclosure.
The home was listed earlier this year for $15.9 million, but the reduced price is expected to spark a buyer into action.
“It’s listed at a very aggressive price for such an exceptional property,” says listing agent Claudia Fathivand of Nan Properties. “It’s been well maintained, and is in move-in condition for someone of this particular taste.”
River Oaks is one of Houston’s finest neighborhoods—Fathivand compares it to Beverly Hills—and the mansion is just a block away from the prestigious and exclusive River Oaks Country Club.
The bank-owned mansion measures just over 15,000 square feet, and features a wealth of amenities including meticulously manicured grounds, a circular motor court leading to a five-car garage, a ballroom, an elevator, a massive dining room, an extensive wine cellar, and two laundry rooms.
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At $9.75M, America’s Most Expensive Foreclosure Is a Massive Houston Mansion