Around the peak of the housing market in 2006, LeAnn Rimes and then husband, Dean Sheremet, purchased a 5.22-acre hilltop property in Franklin, TN and designed and constructed their dream estate, which was completed in 2008.
Shortly before rumors of a Rimes’ extramarital affair in 2009, Rimes and Sheremet listed their prime piece of Franklin real estate for $7.45 million. Now, a couple of years and a few price cuts later, Rimes’ custom-built mansion is back on the market, this time as a Franklin rental for $25,000 a month.
Rimes rose to fame as a country music singer at age 13. She is the youngest person to win a Grammy, at age 14, and was also the first country singer to win the Best New Artist Grammy. After a smattering of chart-topping albums, Rimes married back-up dancer Sheremet in 2002 at age 19. They divorced in March 2009, amid rumors of an affair with her TV movie “Northern Lights” co-star Eddie Cibrian. Cibrian and Rimes recently married in a private backyard ceremony in April 2011.
Rimes’ home is a English-style Tudor located in the exclusive gated section of Avalon, a 645-acre development of luxury homes, and condominiums. Although a premier property, Rimes’ home is no stranger to the market downturn. Rimes first listed the home for $7.45 million a few months before announcing her separation from her husband. Following that, the listing price was reduced by nearly a million to $6,499,000 in January 2010. Fast-forward a little over a year, and it looks like Rimes has decided to rent the home rather than wait for a seller. Current median Franklin home values are $275,100, which is a depreciation of 5.3 percent year-over-year.
Rimes’ home features elaborate guest quarters, an exercise studio, and wiring for a music studio. There is also a large den, media room (featuring movie posters from Rimes’ few forays onto the silver screen), a large entertainment area, and second kitchen. Custom woodwork and hand-distressed wood floors are present throughout the home. The large gardens include salt-water swimming pool and views of the Nashville skyline.
If all is enough to sway you to want to rent Rimes’ former home, don’t assume your furry friend will be instantly allowed along with you; the listing notes that “pets are a case-by-case basis.”