Le Chateau Renaissance, the former mega-mansion of disgraced former Conseco CEO Stephen Hilbert, is on the auction block. Conseco foreclosed on the home in 2004 after firing him and sold the furnishings at auction for $750,000 in 2005. They then listed the home for $25,000,000 and then dropped it to $20,000,000. Then, about a year ago, it went back on the market for only $9,900,000. The 36-room, 25,000 square foot mega-mansion is located at 1143 West 116th Street in Carmel, IN and is situated on over 33 acres of land. The estate also boasts a swimming pool with 3,500 square foot pool house, a 15,000 square foot "sports arena" with a regulation sized basketball court and racquetball court, gardens, guest cottage, and a 15+ car garage.
Potential buyers have to put up $100,000 to place a bid and the winner has to close within 14 days (all cash). I wonder how much it will go for?! Anything below $9 million is an incredible deal for such an incredible estate.
*Thanks to Matt Chalfant for the tip!