Quote:
Originally Posted by SisterNightroad
Fleetwood Mac's Lindsey Buckingham is back looking for a buyer in Brentwood
Following a six-month hiatus, Lindsey Buckingham has put a newly built home in Brentwood back on the market at its original $22.5 million asking price. That’s one way to refresh a listing.
The longtime Fleetwood Mac member bought the property five years ago for $5.8 million, but the new build was completed last year.
The modern Georgian-style three-story house has wood-shingle siding, dormer windows and white trim that pops against the light brown exterior.
The white-walled interiors include formal living and dining rooms, dual kitchens, a library, six bedrooms and 10 bathrooms. A screening room features a marble-topped bar and screening room.
A guesthouse sits across from the swimming pool for a total of close to 11,000 square feet of living space. Terraces, a fire pit, an outdoor shower, lawns and mature landscaping complete the three-quarter acre of grounds.
Buckingham, 68, gained fame as the frontman and lead guitarist for the British American rock band Fleetwood Mac. He was inducted into the Rock and Roll Hall of Fame as a member of the group in 1998. As a solo artist, he has released nine albums.
David Offer of Berkshire Hathaway HomeServices California Properties is the listing agent.
Looking at the photo gallery here: http://www.latimes.com/business/real...115-story.html
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If no one thought it was worth buying at the original asking price six months ago, they aren't going to suddenly think so now. When a house doesn't sell, it tells you the market doesn't think it's worth what you are asking, even though it's a lovely house.
I'm betting their real estate agent wanted them to come down in the price at least some, but the fact they didn't is interesting.
He bought it and his wife spent four years tearing it down and rebuilding and decorating it. I'm sure they spent a fortune and would like to make all the money they spent back and then a profit too.
But clearly the market has spoken, and relisting at the same price doesn't make sense.
