Hi, cmt Sign Out Help Upgrade to Safer IE8 Yahoo!

Mail

Search Web Search

Brought to you by Yahoo! Finance

HOME U.S. BUSINESS WORLD ENTERTAINMENT SPORTS TECH POLITICS SCIENCE HEALTH OPINION MOST POPULAR

Business Video U.S. Economy Stock Markets Earnings Opinion Personal Finance Press Releases Taxes Marketplace

News Search TRENDING NOW: joran van der sloot world cup lady gaga jake pavelka gary coleman

WATCH WHO KNEW? ON YAHOO! NEWS: There's a new way to get your news Top Stories

Judge blocks Gulf offshore drilling moratorium

$75M mansion near Orlando selling 'as is' US general in Afghan war at risk of losing his job

White House releases 'patient bill of rights'

Buzz up! Send Share Print
When, how U.S. might challenge Arizona law

By ANTONIO GONZALEZ, Associated Press – 2 hrs 20 mins ago Woman, black pursue GOP nods and possibly
history
WINDERMERE, Fla. – Listed as a "monument to unparalleled
success," the largest home for sale in the United States comes with Report: U.S. indirectly funding Afghan warlords

plenty of space but no carpet, tiles or interior walls. It's up to the future Hundreds missing, over 40 dead in Brazil floods
buyer to finish it.
More Top Stories »

The mansion started by timeshare tycoon David Siegel boasts plenty

AP – In a Friday, June 11, 2010 photo,
unfinished mansion nicknamed 'Versailles'
up for sale 'as is' by owner …
Slideshow: Massive
unfinished mansion near
Orlando for sale
of big numbers: 90,000 square feet. Twenty-three bathrooms. Thirteen
bedrooms. Ten kitchens. A 20-car garage, with additional space for
two limos. Three pools. A bowling alley. Indoor roller rink. Two-story
movie theater. Video arcade. Fitness center. Baseball field and two
tennis courts.
Click image to see more photos of the $75M unfinished mansion

Odd Video: Caught on

Tape: Dog's License to
Attack ABC News

RELATED QUOTES
^DJI 10,293.52 -148.89
^GSPC 1,095.31 -17.89
^IXIC 2,261.80 -27.29 sponsored links

Trade Stocks? Try Currency Trading

Trade in a highly trending market 24-hrs a day,
5.5 days a week. GFT.
www.GFTforex.com

Wall Street Penny Stock: 3,000%+ Gains

Limited availability access to FREE Penny
AP Stock Professional Advice.
www.OxofWallStreet.com

All that and more for $75 million "as is." There's an option to buy it completed for $100 million. Earn From 1.40% to 1.70%
With GE Capital Corporation. Not An Offer Of
Nicknamed "Versailles" for the French royal palace that inspired it, the edifice hit the market recently. Securities For Sale.
GEInterestPlus.com
Construction was halted last year to save money in a recession that proved particularly hard on Siegel's once-
booming industry.
Featured
"This mansion is a great anecdote of the overconsumption that led to the housing bust, and it might be the
poster child of such overindulgence," said Jack McCabe, a Florida-based real estate analyst.
Video: Leak in hi-res
The unfinished palace at 6121 Kirkstone Lane makes Tiger Woods' place just down the street in this gated BP released a new high-resolution
Orlando suburb look more like a guest house. video of the oil leak.
» More oil spill videos
It has the square footage of nearly two football fields, is almost double the White House and about 36 times
the size of the average American family home. The master bedroom alone, which would have had a rotating Birds frozen in oil
bed under a skylight, is twice the size of a standard house. Ghastly images of a desperate
summer.
"It's like a living piece of art," said Lorraine Barrett, a Coldwell Banker real estate agent who has the listing. » More oil spill stories

At least it will be upon completion.

Photos: Oil still flows
Instead of stonewalled gates, a chain-link fence with a green covering keeps onlookers out of the 10-acre View striking images of the Gulf oil
property. The driveway is overrun with dirt and rocks. Weeds fill the planned baseball field. disaster.
» More oil spill photos
The home opens into a grand hall with symmetrical staircases and a ceiling complete with a stained-glass
dome befitting a cathedral. The rest of the mansion is more an outline â€” only steel beams, insulation and Countdown to disaster
most of the electrical wiring are in place. The two elevator shafts are empty. The gripping tale of the oil rig
workers and their rescue.
Stone for the exterior is waiting in boxes that fill the cavernous garage. The Olympic-length pool that will have » More from GQ.com
a waterfall flowing into another pool is a carved-out shell. A cleaning company has to come to the vacant
mansion to keep things tidy.
Education
"He figured it would be for his family. They'd never have to leave, because they would have everything they
needed here," Barrett said during a recent tour of the mansion. "Nothing broke his heart more."
Online MBA Fast Facts
She said Siegel, who has 12 children, could have easily moved forward with construction but wanted to avoid Get the scoop on online
cutbacks at his company, Westgate Resorts. Requests to interview Siegel were not returned through business degrees.
Westgate Resorts or Barrett.
Move Into Management
Selling a high-end home is never easy, and that's only magnified in this recovering market. See how the right training and
education can prepare you for a
Sheri Chase, founder and president of Chase Realty International, has had the listing for a $100 million estate corner office.

in Lake Tahoe, Nev., for about four years. The 20,000-square-foot home on 210 acres of property is owned by
Tommy Hilfiger co-founder Joel Horowitz.
Updates
"There are only so many billionaires in the world," Chase said. "Who's looking at prices in this stratosphere?
Very few people, so patience is key." My Connections Everyone

There also aren't many homes in the U.S. priced so high.

The Lake Tahoe estate is the third-most expensive on the market, according to the annual ranking by Forbes
magazine. That's only behind a $150 million mansion in Holmby Hills, Calif., owned by Candy Spelling, widow
of television giant Aaron Spelling. Another Holmby Hills mansion owned by Suzanne Saperstein, the ex-wife of
Texas billionaire David Saperstein, has a $125 million asking price.
Invite your friends to Connect
In 2008, a Russian billionaire bought Donald Trump's Palm Beach mansion for $95 million. Trump had asked to start sharing things you do on
for $125 million. Yahoo! News.

The Versailles mansion, inspired by a visit to the real palace near Paris on the Siegel's honeymoon in 2000, is
currently tied for fifth by price with several others. But it has, by all accounts, the most square footage under
one roof in America for a home after the Biltmore Estate in Asheville, N.C.
Finance
The structure might not look so massive from the front. The foundation sits some 20 feet below the rest of the
block — making the entrance to the home on the second floor — because there's a 47-foot height restriction. Get Quotes
In reality, the mansion is 67 feet high.
MARKET SUMMARY
It's not cheap to maintain, either.
Symbol Last Change
Taxes alone on the property, if sold at $100 million, would be between $1.45 million and $1.74 million Dow 10,293.52 -148.89 -1.43%
annually, according to the Orange County property appraiser's website. The yearly upkeep also would likely Nasdaq 2,261.80 -27.29 -1.19%
fall in that range, real estate agents said. S&P 500 1,095.31 -17.89 -1.61%
10 Yr Bond(%) 3.1660% -0.7700
"It's going to take a very unique kind of buyer to purchase the property," said Carol Ann Hewitt, who has
Oil 77.21 -0.61 -0.78%
listings for high-end homes in Windermere for Oxford Realty. "I'm not going to say it's impossible, but it could
Gold 1,241.20 +1.50 +0.12%
take a while."

Stocks slide on new concerns about

Follow Yahoo! News on Twitter, become a fan on Facebook housing, banks

Related Searches: biltmore estate aaron spelling square footage david saperstein lorraine barrett Europe austerity moves boost risk of rift
with US
Buzz up! Send Share Print May home sales dip as housing market
struggles

More... More from Yahoo! Finance »

Video: Raw video: Van crashes into N.H. laundromat
AP ADVERTISEMENT

Video: Robot Olympics FOX News

Video: Powerful Twister Caught on Tape FOX News

2,947 Comments Show: Newest First Sort

 Post a Comment Comments 1 - 10 of 2947 First Prev Next Last

Heather 48 seconds ago Report Abuse 0 0

You know that if that agent succeeds in the sale of that property she will earn between
$750,000.00 - $4,500,000.00. Good Luck Lorraine!!

Samuel 2 minutes ago Report Abuse 0 0

There would never be an ounce of happiness in that monstrosity. He screwed way to many people
to aquire his ill gotten fortune. Always remember " An ounce of prentention is worth a pound of
manure."

Tncmom 2 minutes ago Report Abuse 0 0

 I hope he never receives an offer he would consider. It would be good enough for him, wouldn't it?
They strutting rooster often ends up being a braying @#$%.

Catastrophe Cathy 2 minutes ago Report Abuse 0 0

We past it on the water a couple weeks ago and let the dogs off to pee. True story. he he.

Lacey C 2 minutes ago Report Abuse 0 0

In the picture above with no walls and all the beams showing it kind of looks like a prison cell block
with an amazing stained glass cupola in the middle. A $75 million cell block, lol

LOVE BUG 4 minutes ago Report Abuse 0 0

and you should see the wife......stockings with open toe, lucite shoes and leopard spandex pants.
a real class act. just thinking of her in that house is hysterical.

Queek 4 minutes ago Report Abuse 0 0

What a waste of stucco!

JENSEN 4 minutes ago Report Abuse 1 0

.....75 million, "as is" sale....what is there, a little homemade painted sign in the front yard?.....

Imjmz 4 minutes ago Report Abuse 0 0

I wish more people would build, even if it is super delux! Thanks for the economic boost you gave
to their community. People worked, equipment was rented. Fixtures, plumbing material concrete
etc, etc was purchased.

Proudvet48 5 minutes ago Report Abuse 0 0

sure, its the arrogantsob's money to do with what he wants , people like him have no conscience,
they steal from the poor average that these days have less and less thanks to our good ole govt.
just to flaunt things like this in our faces, they forget that without the ''average joe'' working their
entire lives they would not have all these luxuries to start with.i hope the irs or someone closes
these shysters and arrogant people down one of these days, so they can see the reality of people
struggling just to survive. better yet what the inside of a prison cell looks like, that is where a lot of
these thieves belong

Comments 1 - 10 of 2947 First Prev Next Last

Post a Comment Comment Guidelines

4000 characters remaining

You will be seen as:
cmt
Change Photo ∙ Change Name

Also share this as an update to: Manage Updates

b
c
d
e
f
g c
d
e
f
g Add Facebook

Post Comment Clear

Most Viewed - Business Daily Features Elsewhere on the Web

$75M mansion near Orlando Time.com: Bond Firm ICP
selling 'as is' AP Charged by SEC with Defrauding
Investors
White House releases 'patient
bill of rights' AP NPR: Consumer Group To
All Comics » McDonald's: Drop The Happy Meal
World's rich got richer amid '09
Toys, Or We'll Sue
recession: report Reuters Opinions & Editorials: Diverse views on
news from the right, left, and center. FOXBusiness: No Major
Orszag says he's leaving as
Economic Impacts Expected from
budget head in July AP All Opinion »
Yuan Policy, Economists Say
Europe austerity moves boost
risk of rift with US AP
All Most Viewed »

Home U.S. Business World Entertainment Sports Tech Politics Science Health Travel Most Popular Odd News Opinion

NEWS SERVICES RSS News Alerts Weather Alerts Site Map Help Feedback

Copyright © 2010 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written
authority of The Associated Press.

Copyright © 2010 Yahoo! Inc. All rights reserved. Questions or Comments Privacy Policy About Our Ads Terms of Service Copyright/IP Policy