Larry House’s Guitar House in Shoal Creek, AL
It must be a rock star’s home! It must belong to someone who loves guitars! Wrong and wrong! This home at 7 Montagel Way, Shoal Creek, AL, was actually owned by Larry House, the former CEO of MedPartners, a physician management company. If that name doesn’t ring a bell, this association might: In 1993, House was installed as MedPartners CEO by his mentor, former HealthSouth Chairman and CEO Richard Scrushy, who is now serving jail time for his conviction for wide-ranging fraud within the HealthSouth Corporation.
House reportedly spent $26 million building this French-chateau-style home on 27 acres; the guitar-shaped driveway was reportedly his whimsical idea. Highlights include hand-painted frescoes in soaring domes, 15 bedrooms, 22 bathrooms, a 13-car temperature-controlled garage, a 25-seat home theater, a full-sized commercial elevator, and a 2,000-bottle wine cellar.
According to the NY Times, House’s troubles came to a head in 1998 “…after a merger with a rival fell apart and the company took a $145 million charge against earnings.” House also lost money in a contentious 1997 divorce, his involvement in a second company (Venturehouse), and millions in state and federal tax liens against his home, which forced him to sell.
House’s 34,000 sq ft home was auctioned for $3.95 million in 2003 — much lower than the $8 to $13 million anticipated. It is now for sale again, for $17,900,000.
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