Price Drop for Kenny Rogers-Designed Estate in Georgia

Source: IMDb

It’s a bargain, even if the price of the 973-acre spread called Beaver Dam Farms  is a cool $9.5 million.

That list price is less than a quarter of the $40 million country crooner Kenny Rogers plowed into the estate he developed at 3085 Smithson Rd, Colbert, GA 30628.

In 2003, Rogers sold the property for $10.5 million to Las Vegas rodeo businessman Wes Adams, who passed away in 2011.

Wes Adams. Source: PleasureHorse.com

And at $9.5 million, the estate containing its own 18-hole golf course, 17-acre lake and massive equestrian stables is less than half the $20 million that trustees for Adams’ estate had been seeking.

But there is very little that could compare to Beaver Dam Farms, where the main house has 7 bedrooms, 6.5 bathrooms and a huge outdoor pool. An additional 4-bedroom house and 4 guest cottages with 2 bedrooms each provide sleeping accommodations for 50 people.

“The owners had very extensive appraisals of the property,” said Bob Glascock of Harry Norman Realtors in Atlanta, the listing agent who was brought in to help sell a very unusual luxury property. He said Adams’ heirs were moved to try to more aggressively sell a vacation spot they are only able to use three times a year.

While the price has dropped, the chorus for this Rogers-designed gem remains the same.

From the luxurious main house and cozy guest cottages, to the championship golf course, from the tranquil nature trails to the majestic equestrian facility, from the sunny decks of the lake house to the sweet smell of the colorful gardens … Beaver Dam Farms truly does have it all.”

The Gambler’s a seller, too

While Adams’ estate seeks to sell the traditional way, Rogers earlier this summer used an auction to sell another Athens-area home he built. Rogers scored $2.25 million for The Lake House, according to Grand Estates Auction Company.

On a beautiful sunny Georgia afternoon bidders came forward for the once in a lifetime opportunity to bid on the famed ‘Lake House’ estate designed and owned by The Gambler himself, Kenny Rogers. Interest for the property came from far and wide, as is typical for a Grand Estates auction. Over 11,000 people visited the auction website, 270 prospective buyers inquired from 16 states and Canada, 80 groups previewed the home, and 12 bidders registered for the auction.”

Kenny Rogers home sold at auction in June 2012 for $2.25 million. SOURCE: Zillow

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