An 8.2-acre, 40,700-square-foot mansion in Knoxville, Tennessee, hit the market on Tuesday, asking $14.995 million.
“Villa Collina,” Spanish for “Hill Town,” backs up to the Tennessee River and boasts panoramic views of the Smoky Mountain Range. It has two outdoor terraces, two swimming pools, three guest apartments, a ballroom, a gym and a movie theater, and according to a website for the property, it’s the largest home in Tennessee.
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The owner of the massive riverfront estate is Eric W. Barton, president of Vanquish Worldwide, a government contract provider, who purchased the property in 2016 for $6.37 million, according to PropertyShark.
The master bedroom, once featured on HGTV’s “Million Dollar Rooms,” is a $5 million suite with “gold inlay crown molding, Swarovski crystal chandeliers imported from Italy, handmade imported silk window treatments and doorknobs valued at $200,000” according to the Villa Collina website.
Mr. Barton, 42, is reportedly not in any rush to sell the home, telling Knox News: “I bought it because I love the home and wanted to fix it up. I’m not in a hurry to sell it, it may be years before I sell it. There’s no hurry on my end, just see if there’s interest out there at that price. Like every investment, I’m a businessman, so I buy things and try to make a profit on it.”
Richard Smith of Berkshire Hathaway, the listing agent for the property, explained that the floors on the first floor are all marble, the front door is bullet-proof, and that the carpet, painting, roof, and patio have all been recently redone. “It’s the best location in Knoxville, right on the bend of the river, just down the street from Cherokee Country Club.”
According to Mr. Smith, Mr. Barton has put millions into the home, “restoring it back to its original condition.” The electrical bills used to cost $10,000 to $12,000, but, after its restoration, they now cost between $1,000 and $1,500.
“He redid all of the lighting, some of the kitchen, and two of the three guest apartments,” Mr. Smith said.
Vanquish Worldwide did not immediately respond to a request for comment on behalf of Mr. Barton.
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