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Wall Street Journal’s 2015 House of the year: the amazing $1 mansion

by Jillian CariolaPublished: January 26, 2015Updated: January 26, 2015

Find out how much the Florida owners sold it for after restoring it.

Can you believe this house was first bought for a single dollar?

The Wall Street Journal's 2015 House of the year is the Lamb Manor, a Queen Anne-style home in Palmetto, Florida. The century-old home was scheduled to be demolished by a condo developer when George and Nancy Corbett expressed interest in the property. The developer sold it to them for $1 (around Php 51.00 back in 2006), and the couple had it transported by ferry across Manatee River to a land they own in Ruskin, Florida.

The Corbetts then went to work, investing almost $2 million restoring it over seven years. Improvements to the property include the addition of an entire floor, a birdcage-style elevator, a three-unit guest house and a man-made lagoon. When they were done, they had a 9,000-square feet estate with seven bedrooms, seven bathrooms, and five kitchens.

It was originally listed for $5 million in February 2014, but eventually sold for $1,150,000 to an evangelical couple who are using the estate as a Christian retreat.

 

Find your very own house at MyProperty.ph now! Click here for houses for sale.

 

(Sources: news.yahoo.com and bradenton.com)

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