Villa Taj Does Not Go to Highest Bidder
By ANDREW GREINER
Updated 8:09 AM CST, Thu, Nov 5, 2009
The Villa Taj is off the block.
The palatial Burr Ridge mansion, which originally listed for $25 million, was supposed to be auctioned this week with a cut rate starting bid of $6.25 million.
But a number of potential buyers stepped up at the last minute and expressed concern over potential shouting matches on the auction floor at the Lisle Hilton, the Chicago Tribune reports.
So auctioneer Michael Berland pulled it.
Now the home is going back on the market so that said interested parties can bid on the house in the old fashioned way – through a real estate agent.
The only catch: the home that could have been a relative steal at $6.25 million will now shoot back up in price on the traditional market. Berland said he expects it to list for $12 million.
Then again, this home -- known as "the crown jewel of the Midwest" for its 160 tons of imported Gold Jerusalem stone, 20-car heated garage, and 15,000 square-feet of terrace space -- could be worth the exorbitant price tag. It features:
·Five master bedroom suites, each with bathrooms, walk-in closets, fireplaces, and handcrafted ornamental doors
·Jacuzzi-equipped bathrooms
·Conservatory, library, cigar room, wine cellar, dining lounge, formal dining room, grand kitchen, family entertainment room, and a 2,400 square foot central ballroom
·two-lane bowling alley
·14 inch thick outer walls
·All floors finished with either Brazilian wood, Cherry wood, Italian marble, or gold Jerusalem limestone
First Published: Nov 5, 2009 6:42 AM CST
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