Why was this stunning Florida mansion abandoned?
“In the heart of Florida sits this impressive neo-Classical mansion, known as the Money Pit Mansion. Having lain empty for decades, its various owners have been unable to restore it to its former glory due to high costs and substantial damage.” (Read MSN article )
© Abandoned Southeast
The house was built in the early 1900s and is still considered one of the most ornate mansions in the area with its Grecian-style pillars.
The entire home was constructed using mahogany and was once a place of grandeur, but today sports crumbling ceilings and peeling plasterwork.
© Abandoned Southeast
The mansion was then sold in the 1940s and converted into a funeral parlor, before being turned into a meeting hall 20 years later, then finally apartments.
© Abandoned Southeast
Today, the house remains largely empty with the exception of abandoned renovation materials and this Civil War-era Charles M Stieff grand piano, which is estimated to be worth in the region of $28,000.
© Abandoned Southeast
Almost 25 years a restoration effort began, the palatial mansion still sits empty, having failed to secure funds to restore it to its former glory.
Quite often as real estate agents we meet a client who says he or she is interested in “a project.”
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Why now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Licensed Sales Associate in Florida
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
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