logo
Los Angeles icon
icon Los Angeles icon
News & Insights
Foreclosed home transformed into a mansion!
Sep 20, 2023
Foreclosed home transformed into a mansion! Los Angeles
By   Tiffani Sherman
  • City News
  • US Property
  • Homes for Sale
  • Real Estate
Abstract: The complete renovation of a home in Georgia's wine country is a sight to behold.

Marc Castillo, a listing agent with Coldwell Banker Realty real estate firm, says, "It is now mountain sophistication. I looked at the house before my clients bought it and thought it was a huge project. It's kind of ornate, over-the-top, and very special. My clients brightened and freshened it up."


The 8,480-square-foot home in Dahlonega is listed for $2.299 million.


Built in 1999, the home was in foreclosure when the sellers used it as an investment property several years ago.

Foreclosed home transformed into a mansion!

"It was a labour of love. They redid all the systems in the house," Castillo says. Now, it's definitely a transitional home with a mountain feel.


The home features an abundance of marble and chandeliers. The huge chandelier in the two-story dining room is worth $40,000, according to the listing agent.


It's a great focal point in a very large space, he says.

Foreclosed home transformed into a mansion!

There's also plenty of room for lounging, including three bedroom suites.


Castillo explains that the master suites are "on all three levels of the home, so there are actually three (master) spaces, each with a very large spa bathroom, walk-in wardrobe, bay window sitting area and fireplace."


One of the main suites has a bathtub in the bedroom.

Foreclosed home transformed into a mansion!

Castillo laughs, "It goes back to the days of romantic motels, or something like a honeymoon suite in Las Vegas or something like that." The original owners were a bit eccentric and had built a pond on the property. My current clients tore it down. The [bathtub] is something unique to the house.


There are three additional bedrooms.


Other highlights include a terrace level with a bar and billiard room, an office over the garage, and two kitchens.

Foreclosed home transformed into a mansion!

Unusual design features include the slender front door and the elaborate double staircase at the back of the house.


From the front of the house, you don't realise how big the house really is. It's from the back of the house that you really get a sense of its scale. The staircase was designed to take advantage of the landscape and allow people to get down to the water's edge from the back of the house.


The house sits on 4.6 acres along the Chestatee River. It has a gazebo and a cabin overlooking the rapids.


"It's an interesting place on the river where the current starts to get very swift. You can hear the current from the house, and it's relaxing and peaceful," Castillo said. You can go fly fishing or wading there.

Foreclosed home transformed into a mansion!

The house currently rents for about $700 per night for a holiday and is booked for about $100,000 this year.


Castillo says there are two kinds of possible buyers.


One is someone who wants to invest in the property. The property is low-maintenance and already in operation, so it doesn't take much time for investors who just want to get 'turnkey' and into operation.


Multi-generational families may be another type of buyer.

icon
+87
icon
 
icon icon
icon
banner
Foreclosed home transformed into a mansion!
icon
icon
icon
icon