You’ve got to know when to hold them. And know when to fold them. That’s the gospel according to Kenny Rogers, the Grammy and Country Music Award-winning singer who outlined this strategy in one of his most famous hits, “The Gambler.”
Well, Rogers is still out on tour, racking up good reviews for his latest appearances, but his latest real estate move would definitely have to fall in the “Fold ‘Em” category.
On June 26, the stunning Athens, GA-area home designed and built in 2009 by Rogers on 150 acres of wooded property will go up for an absolute auction.
That means there is no reserve necessary to bid on the 5-bedroom, 5.5-bathroom house at 7356 Brockton Rd., which is about 10 minutes outside of Athens. All it takes is a $100,000 certified check to register for your chance to buy the stunningly elegant spread.
Rogers first listed the 5,681-square-foot, Polynesian-inspired home for $3.5 million in January 2012, and reduced the price to $2.85 million in April. By mid-May, however, Rogers decided to take another tactic, enlisting an auction company to take over the sale — an increasingly more common practice for some high-end properties for which it is difficult to establish market value.
Rogers, who has built and sold other luxury estates, including another massive resort-like estate in the Athens, GA area, says this Georgia special “one of a kind.” Must be, since it has its own Kenny Rogers Auction website that indicates previews of the property begin on June 22. According to the Atlanta Journal-Constitution:
What this property will sell for it really is anyone’s guess,” said Scott Kirk, executive vice president of Charlotte-based Grand Estates Auction Company, who said the property had once been listed at $3.5 million. “That’s the beauty of this. There’s not the fear of overpaying like can happen in a listing situation. You have the market surrounding you.
In addition to the house and the acreage, there are horse trails and a go-kart track, not to mention a 8-acre, stocked pond. Also:
- Large open living, dining & kitchen areas
- Master & 3 guest suites overlooking lake
- Fully decorated and furnished
- Private beach and waterfalls
- Pool, exercise studio & 3-car garage
- Being sold fully furnished and turn-key including: pontoon boat, SeaDoo, and other recreational equipment