Florida 'Fixer-Upper' On Sale For $75 Million

The housing market has been tough on David Siegel. The timeshare mogul had to abandon construction of the house he was building for his family in Windermere, Fla. It's on the market for $75 million. The half-built home is based on the French palace Versailles.

Copyright © 2010 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

STEVE INSKEEP, host:

And today's last word in business is fixer-upper for sale.

The housing market has been tough on David Siegel. The real estate mogul had to abandon construction of the house he was building last year for his family in Windermere, Florida. It is now on the market for $75 million. It's a half-built home - $75 million based on the French palace Versailles. It has 13 bedrooms -13, a 6,000 square foot master suite and 23 bathrooms. There's a stained glass dome in the main hall, a 20-car garage, you get the idea.

It is not the most expensive home on the market right now, believe it or not. But at 90,000 square feet, it is apparently the largest. Inquiries have come in, according to the Wall Street Journal, from Russia and the Middle East.

And that's the business news on MORNING EDITION, from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, host:

And I'm Renee Montagne.

Copyright © 2010 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.