The Eagle Crest Estate, a sprawling California mountain property once owned by a lottery winner, was placed for auction after its initial listing failed to attract a buyer, undergoing a significant price reduction.
The Eagle Crest Estate: A Price Reduction and Auction
Originally hitting the market in 2018 with an asking price of $26 million, the massive California mountain estate experienced a substantial $19 million price cut. This dramatic reduction led to its offering through an auction house, Concierge Auctions.
Key details regarding the sale are summarized below:
| Aspect | Details |
|---|---|
| Property Type | Massive California mountain estate |
| Previous Owner | Lottery winner |
| Original Listing Price | $26 million (in 2018) |
| Price Reduction | Over $19 million |
| Auction Minimum Price | $6.9 million |
| Auction House | Concierge Auctions |
This shift from a traditional listing to an auction, coupled with the considerable price reduction, indicates a strategic move to facilitate the sale of the high-value property.
