September 4, 2014 by Billionaire Addresses
The mega mansion and estate of the late shopping mall tycoon and billionaire Melvin ‘Mel’ Simon in Carmel, Indiana has finally been listed for sale. As one of our favorite properties ever listed, it reminds me of the estate I lived and worked at as a teen in Cary, Illinois. This one-of-a-kind, exclusive, estate was listed Tuesday for $25 million. With the outrageous prices some New York apartments are asking, we think the $25 million asking price is very reasonable if not downright cheap for everything this property has to offer.
The seven-bedroom, 51,000-square-foot house sits on 106 acres that includes two swimming pools, tennis courts and a private 18-hole golf course. The estate also offers a 7,000 sq. ft. clubhouse, greenhouse, pool house, and a 6000 sq.ft. guest house – among other maintenance buildings, as well as an expansive workout room, home theater, six fireplaces, eight full bathrooms, with 16 half-baths, and caterer-ready professional kitchen. This estate really has it all.
Automotive engineer Louis H. Schwitzer built the original estate and was purchased by Mel and Bren Simon after their marriage in 1972.
Simon and wife Bren, expanded the home, adding on a 10,000-square-foot addition that included a 4,000-square-foot master bedroom wing. The home looks almost new as it was renovated after a 1998 fire nearly destroyed the house. It was found that a candle accidentally lit the fabric-covered walls in one of the bedrooms on fire.
‘Asherwood’ as it is known, is the most expensive residential property on the market in Indiana, with the property tax on the estate of around $110,000.00 per year. It has been described as ‘World Class Charm with a European Flair’.
This is the estate in which there has been much speculation about since the billionaires death. What would happen to it has been in the headlines for the past 5 years since Mel Simon’s death. So much has been written about the estate and the family feud for the $1.1 billion personal fortune, that we just decided to give you a link to all the stories behind this billionaire family feud. It is quite a case of ‘rich people problems’.
Mel Simon, who was co-owner of the Indiana Pacers and co-founder of the Simon Property Group, died in 2009. At the time of his death, Simon was in the beginning processes of giving the estate to Indiana University. I guess his widow Bren didn’t share the same views as Mel about just ‘giving’ the estate away. You will see why if you read the links given to you above.
We would like to thank mibor.com for the listing photos. If interested in buying the property please contact us and we will put you in touch with the correct people.
Thank you also for visiting us today. As always we really appreciate your continued patronage to Billionaire Addresses – The best place on the internet for aerial photos of the largest and most expensive homes in America.