Sold: Gerald Ford's home, Hemingway's place
Many Listings of the Week are still available, and some — like Florida's 'Versailles' — have had their asking prices cut. But several sold quickly.
We looked back to see whether any of the past Listings of the Week have sold. Many have not, but some are now available at lower prices.
One that sold quickly was former President Gerald Ford's home in Rancho Mirage, Calif. The offer came just 11 days after it was listed in February, and the home sold for $1.675 million, just slightly below the $1.699 million asking price.
New owners John McIlwee, a Los Angeles celebrity business manager, and Bill Damaschke, chief creative officer of DreamWorks Animation, previously bought and restored a Los Angeles home designed by John Lautner.
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They don't plan significant changes to the Ford estate. "You should never significantly alter something that has architectural integrity," McIlwee said in a news release. "Don't turn a midcentury marvel into a monstrosity it was never meant to be."
Ernest Hemingway's boyhood home in suburban Chicago, offered for $525,000, also went quickly. The sale of the three-unit Prairie-style home is pending.
The Winnetka, Ill., home that was the setting for the film "Home Alone" finally sold this month, after almost a year on the market. It sold for $1.585 million, well below the original $2.4 million asking price.
Several of our Listings have seen some significant price cuts:
- Florida's Versailles, near Orlando, is now available for just $65 million. The house had languished on the market for nearly two years at $75 million, unfinished.
- The "Ashtray House" in New Orleans is now offered for $525,000, down from $729,000 for the 3,650-square-foot home.
- A former New York City firehouse turned luxury townhouse in Tribeca, which was rented by former International Monetary Fund Director Dominique Strauss-Kahn, on the market since last fall, has been marked down to $11.995 million from its original $13.99 million asking price.
- The Hawaii home of the late singer Don Ho is now offered at $2.7 million, down from $3 million when it was first offered for sale last summer. Remember that it's a fixer-upper.
About Teresa Mears
Teresa Mears is a veteran journalist who has been interested in houses since her father took her to tax auctions to carry the cash at age 10. A former editor of The Miami Herald's Home & Design section, she lives in South Florida where, in addition to writing about real estate, she publishes Miami on the Cheap to help her neighbors adjust to the loss of 60% of their property value.