America’s largest home has been listed for sale at the ‘bargain basement’ price of just $65 million in Windermere, Florida, despite the fact that construction on the property hasn’t even finished yet.
The home, which is said to be only 60% complete, was originally listed at $75 million after its owner – David Siegel, founder of Westgate Resorts – halted construction on the property, blaming the impact of the financial crisis on his time share business.
According to a report in CNN Money, the home was apparently threatened with foreclosure by the Bank of America, who holds the mortgage on the property. Siegel says that he has so far invested a staggering $50 million in the home, and that he intends to see it completed one day.
Siegel nicknamed his lakefront palace “Versailles”, after King Louis XIV of France’s lavish estate of the same name. The supersized home is certainly deserving of such a grand name, encompassing an incredible 90,000 square feet (almost twice the size of the White House), and featuring an incredible 10 kitchens, 13 bedrooms and 22 bathrooms.
In addition, the home has its own bowling alley, two movie theaters, a video arcade, an underground car park with room for 20 cars, and a private roller skating rink. The centerpiece of Versailles however is its beautiful stained-glass dome that juts out from the roof of the property, and reportedly took several years to build.
Siegel himself admits that the Versailles home is ever so slightly lavish, and certainly out of reach of the casual buyer:
“Our house is like a convention center compared to the other houses here,”