Mel Simon's estate for sale... Wow

[88GT]

I'd like to have the commission on a sale like that, but I really dislike high-end home sales and all that they entail.

 

[hoosierdoc]

Well, to each their own, of course. If I were in that category and wanting to spend $25 million + on an estate, it sure wouldn't be anywhere in Indiana, LOL...

dude, he was worth $1.3 billion in 2009 estimated. That would mean this property now is worth 1.9% of his net worth. It's all about ratios. I suspect your home costs a LOT more than 1.9% of your net worth. I know mine does. Home is where you spend the most time. Make it your castle. Sure, have vacation homes and what not, but make home awesome.

 

[GunSlinger]

Sorry folks I made an offer on it today. I expect a response tomorrow. Let's hope that they are willing to take $247.38 for it. CASH money mind you.

I'd throw in 2 bricks of .22lr...that should do it!

 

[RedneckReject]

With that much land to work with I could have a pretty sweet stable and arena. Too much hassle though. I've never understood the need for a house that ridiculously huge.

 

[Lectric102002]

That's actually a bargain. I was a PM on Hilbert's (now Lucas') estate and it was around 23 mil and only half the size.

 

[hoosierdoc]

That's actually a bargain. I was a PM on Hilbert's (now Lucas') estate and it was around 23 mil and only half the size.

Absolutely. I think the upkeep needed is hurting the value.

 

[Indy_Guy_77]

Cool place.

One of my best friends used to work for Mrs. Simon as armed estate security / executive protection / driver. Asherwood was his "office".

Another acquaintance of mine (a good friend of my buddy mentioned above) also worked there doing the same thing.

I honestly don't see this place selling for anywhere near the asking price. Not in Carmel, Indiana, anyhow.

He told me the place has been for sale for three years now. May not have been listed until recently, however.

And places like this are indeed money pits.

If I had the jack, I'd like this place: 7258 N State Road 39 Lizton IN 46149 | MLS 21278042

 

[Indy-Mike]

That's actually a bargain. I was a PM on Hilbert's (now Lucas') estate and it was around 23 mil and only half the size.

It sold at auction for $3 million.

 

[hoosierdoc]

Can you imagine dusting all that wood work?!

 

[HoughMade]

I'd rather have the house I have (rather, will have soon), and Jay Leno's garage.

 

[MadMan66]

Also, can some of you explain to me why wealthy people have 7 bedrooms and 24 bathrooms? What am I missing.......is it for entertaining?

With a place that big, you need a lot of toilets. Can you imagine having the 's and then having to run a quarter mile to find a toilet? Not a predicament I'd want to be in.

 

[Indy_Guy_77]

Also, can some of you explain to me why wealthy people have 7 bedrooms and 24 bathrooms? What am I missing.......is it for entertaining?

Often times lots of house-guests. Can't expect the hoity-toity to SHARE a bathroom with the other guests, can you? Or the kids? Perish the thought of your children sharing a bathroom with the mere guests.

Access during parties and what-not is a big deal, too. Gotta be a few stand-alone bathrooms (At least half-baths) for all the party-goers. Note - parties at places like this are 100+ people. Plus liberally flowing alcohol.

We all have a generally hard time understanding such things simply because the lifestyle is so foreign to us.

 

[HoughMade]

And I've heard rich people do a lot of coke....so you need bathrooms and plenty of hand mirrors for that. I mean, not these rich people, specifically, but, you know, rich people in general.

 

[Indy_Guy_77]

And I've heard rich people do a lot of coke....so you need bathrooms and plenty of hand mirrors for that. I mean, not these rich people, specifically, but, you know, rich people in general.

theyre the only ones who can afford it!

and for the record, neither of my buddies has ever said or even vaguely hinted at ANYTHING even remotely unsavory having had gone on there while they were present - including behavior of long-term live-in guests.

 

[CHCRandy]

Cool place.

One of my best friends used to work for Mrs. Simon as armed estate security / executive protection / driver. Asherwood was his "office".

Another acquaintance of mine (a good friend of my buddy mentioned above) also worked there doing the same thing.

I honestly don't see this place selling for anywhere near the asking price. Not in Carmel, Indiana, anyhow.

He told me the place has been for sale for three years now. May not have been listed until recently, however.

And places like this are indeed money pits.

If I had the jack, I'd like this place: 7258 N State Road 39 Lizton IN 46149 | MLS 21278042

This is a guys home I know of, Laskowski. His dad owned Woodmizer and the son was CEO and built this home from trees on the land. He made most of the wood in that home, it started as a small cottage/cabin. He would let people come out and play basketball......he just bought a building downtown, 14 West building and I hear he is moving into a condo on the top 2 floors. What an awesome home he built.

 

[jetmechG550]

dude, he was worth $1.3 billion in 2009 estimated. That would mean this property now is worth 1.9% of his net worth. It's all about ratios. I suspect your home costs a LOT more than 1.9% of your net worth. I know mine does. Home is where you spend the most time. Make it your castle. Sure, have vacation homes and what not, but make home awesome.

Mel was worth over 2.5B when he died in 2009, and I would say a generous guess was that was about half of what they knew about. Herb was worth about that in 2009.

That's actually a bargain. I was a PM on Hilbert's (now Lucas') estate and it was around 23 mil and only half the size.

Lucas paid $3M for it after a couple years on the market, it couldn't sell at $28M, $23M, $14M, or $10

Cool place.

One of my best friends used to work for Mrs. Simon as armed estate security / executive protection / driver. Asherwood was his "office".

Another acquaintance of mine (a good friend of my buddy mentioned above) also worked there doing the same thing.

I honestly don't see this place selling for anywhere near the asking price. Not in Carmel, Indiana, anyhow.

He told me the place has been for sale for three years now. May not have been listed until recently, however.

And places like this are indeed money pits.

If I had the jack, I'd like this place: 7258 N State Road 39 Lizton IN 46149 | MLS 21278042

I'm quite sure I know them

I know the budget for upkeep on the golf course alone was roughly $3M/yr. I also know that the $25M asking price is about half of what was put into the house. No mention of the guest house 12K sqft or the golf chalet. Nor that the master suite is about 4K sqft and the basement can seat 300 people in a banquet type setup. Odd there's no pictures of the movie theater either. Melvin was on the Producers Guild and produced such classics as Porky's, Zoro the Gay Blade, Love at First Bite and some others.

 

[Mr Evilwrench]

Yeah I didn't realize he was a movie producer or that "Porky's" was his until pretty recently. Yeah, one of the classics. Still glad I didn't mess with his daughter.

 

[ghuns]

I keep telling her that the kid's bedrooms and bathrooms will be far enough away that we never have to look at them, but that does not seem to make her feel better.

There are few family problems that can't be fixed by square footage.