Mike Tyson

Photo Credit: Shutterstock

In 1995, the heavyweight boxer purchased the Bethesda property with his ex-wife, pediatrician Monica Turner, for just over $2 million. While the couple married in 1997 and eventually divorced in 2003, Ms. Turner kept the home. This residence is a notably infamous location in regards to Tyson as this is where he lost his pet white tiger named Kenya before she showed up on a neighbor’s property. In May of 2020, the Maryland home was first listed on the market for $8.5 million. When the steep asking price failed to attract prospective buyers, the cost was reduced to $5.79 million at the beginning of this year. The price was once more reduced in March to $5.25 million before a buyer secured the property earlier this week at nearly $4.6 million. Located on the sixth hole of the Congressional Country Club, one of the country’s most prestigious golf clubs, it is reportedly the highest sale at the course in history. According to listing agent Daniel Heider of TTR Sotheby’s International Realty, the buyer wishes to remain anonymous and official records of the sale are not yet publicly accessible.

Beyond a gated community in Bethesda, Maryland, this gorgeous estate spanned more than 5 acres of scenic land at that time of Tyson’s purchase and now stands at about half that with 2.5 acres and a 19,000 square foot residence of seven bedrooms and 11 bathrooms. The interior layout presents a formal living room, professional chef’s kitchen, piano room, and cherry wood-paneled library with wet bar and fireplace. The primary bedroom suite offers its own living room as well as an additional fireplace. Decorative elements of home consist of a grand double-height entry and sweeping floor-to-ceiling windows overlooking the lush landscaping of the Congressional Country Club. Other luxe amenities featured are a billiards room, separate game room, sports court, swimming pool, hot tub, sauna, steam room, and several covered loggias.

For more on the latest in luxury real estate, visit dev.hauteresidence.com.

The post A Knockout Sale: Former Maryland Home Of Mike Tyson Finds New Owner For $4.6 Million appeared first on Haute Residence by Haute Living.

They were hosted by Haute Living's Erik Haase. Watch the full webinar below.

Highlight quotes:

Georgina Jacobson: "Things are slowly opening up. Gyms are open, nail salons, and restaurants for outdoor dining, so we're feeling a little bit more of a sense of normalcy. With that said, we are seeing real estate is definitely very active. If I look at January last year 2020 and compare it to this year, we have a decrease in listings down by 38% which is kind of interesting, but the sales volume comparing that same time is only down by 3%. So the market is very active. We really have adjusted and pivoted to all of the proper protocols. I feel like our business is a lot more efficient because we're pre-qualifying people and really doing a lot of virtual open houses, instead of the traditional open houses."

Catherine Burgess: "To me, it seems like we will have a moderate moderate increase in sales possibly, but we will continue to maybe have this by greater buyer demand that could create appreciation, not just this year, but maybe next year as well. It appears to me like this, for us locally, appears to be the best seller's market in the last 20-25 years. The general inkling that we are seeing is that by the midpoint in the year there will be an increase in supply, and so, if it's possible for them to get to the market where there's this massive pent-up buyer demand right now, that makes a lot of sense. They will get so many more eyes on their property, which is not to say it won't sell later, but I don't know that we will have the same amount of demand that we have currently."

Kelly Ringer-Radetich: "Just in Redwood City, we only have 37 homes on the market [as of today]. Inventory is very tight. Things are moving and they're moving quickly. I also represent sellers, as well as listings, and I wrote an offer for a couple two weeks ago, and there were 27 offers on one property. You have one buyer take that home, you still 26 others still looking for a place, so that's where our challenges right now, definitely on the inventory and availability. It's very common to start seeing more come on to the market right after Super Bowl weekend. We are seeing a little bit, but we have more demand from the buyers right now, and I'm sure a lot of that is because our interest rates have continued to remain very low. Over the last year, if people weren't shopping, they were obviously saving because they were locked up somewhere, so they weren't out and about with vacations and wining and dining. So I think a lot of them have just decided to invest and real estate is where they're turning."

David Hatef: "Inventory is actually pretty comparable to where it was in January 2020. Properties between $1-2.5 million in DC Proper, new pending contracts are up 43% from January 2020, whereas the bucket of $2.5-5 million is up 80% from January 2020. Even though inventory is fairly comparable to the same time last year, there's just such an incredible demand, and you can see it in the prices as well prices are beginning to escalate pretty rapidly, it's definitely having an impact. Particularly in the detached house market, there are multiple offers on basically anything that comes up. Things are moving within three-to-four days; 60-70 showings within a few days is pretty standard around. "

To watch more real estate webinars curated by Haute Residence, visit dev.hauteresidence.com.

Top: Georgina Jacobson, Catherine Burgess. Bottom: Kelly Ringer-Radetich, David Hatef

The post Watch: “Coast To Coast” Real Estate Webinar #9 By Haute Residence appeared first on Haute Residence by Haute Living.