The home last made headlines in 2009, when it was reportedly burglarized, and some video games and electronics were stolen. The home is minutes from the Hidden Valley Sky Resort in Eureka, the listing notes, and about 30 miles from St. A partially demolished wall also needs to be addressed in the backyard. The grounds and water features, however, will need serious rehab before the next pool party. Outside, the 12 acres of land include a basketball court, pool, hot tub, and three-car garage. In many places, the unfinished space is waiting for flooring to be installed. The floor plan is said to offer a great room, separate dining room, breakfast room, media room, game room, library, fireplaces, and multiple balconies. Details include dramatic vaulted ceilings, columns, and walls of glass to take in the views of the Meramec River valley. The high-ceiling, large-volume rooms open with a two-story entrance. Described as an “amazing investment opportunity” in the listing, the mansion, which was built in 1998, is said to feature “some of the best views in Missouri.” The palatial estate offers six bedrooms and 6.5 bathrooms, on nearly 11,000 square feet. For example, a nearby 7,500-square-foot home from 2016, with a 3-acre “backyard oasis,” is listed for $1.95 million and in pending sale status. Local prices ramp up with larger amounts of land and bigger houses. Wildwood currently has 228 homes for sale, with a median list price of $500,000. She notes that the listing already has multiple offers, and she believes the home is likely to sell for well over its asking price. You could well make back the money on the property, if you want to go through the hassle of renovation.”
“You would have quite a property when you are done,” Bloomfield says. The work needed includes updating and possibly expanding the kitchen, gutting the bathrooms, adding flooring, and fixing up the pool. She estimates the cost of improvements to bring the place back to a livable condition at around $500,000, but adds that the figure could easily soar to $1 million, depending on how high-end a renovation the buyer opts for. She notes that some of the renovations that were begun-some modest kitchen finishes, for example-didn’t match the upscale style of the home. It’s pretty spectacular,” says Coco Bloomfield, a local real estate agent with Dielmann Sotheby’s International Realty-who isn’t affiliated with the listing.īloomfield did walk through the property recently with a potential buyer. Just be sure to add in a (hefty) budget for renovations, and plan to flip the finished product, or move in. For buyers who know their way around a rehab, the home is a deal. Two decades later, the home has fallen into a state of disrepair. And although some work appears to have begun, the project now looks as if it was abandoned long ago. Unfortunately, the Grammy winner has less than a winning touch with this real estate.Īpparently, the plan a couple of decades ago was for Nelly to buy the place and then flip it with a “contractor friend,” TMZ noted. Sarah Tadlock of Keller Williams is now the listing agent. Louis native reportedly snapped up the property, billed as “Tuscan-style architecture,” as an investment opportunity. This is a precipitous drop from the listed price of $2.5 million in 2002, when the home was last on the market. The hip-hop star has placed an unfinished remodel in Wildwood, MO, on the market for $599,000. Nelly is ready to take off from his abandoned Missouri digs.
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