Wow--You've got to be kidding me...

[fisher]

You can't build a "masterpiece" by the current definition for $350/sq ft. If you're talking high end finishes, custom millwork, etc, at least $400/sq ft and probably more.

I believe you are wrong. You can curently build a georgeous house in Watersound, Watercolor, etc with all kinds of beautiful finishes, millwork, tile, etc for about $250 per square foot (and costs continue to fall). A "masterpiece could easily be had for under $350. But, even if you are correct, you could recreate the current $12 million masterpiece for under $4.5 million.

 

[Shnicklefritz]

This is another example of the McMansion mentality. I guess if you have the money, just go for it - but it seems that money could go for some medical research effort. Maybe I am just jealous!

 

[BeachKing]

I may be stealing someone's line here, but my first thought is they are justifying the price on the basis it has Granit Countertops.

 

[seagrovegirl]

McMansions......drive thru Grayton and see the quaint cottages...then see the huge houses popping up around the cottages. It's grotesque! Give me quaint anyday.

 

[Little Fish]

Personally, I find the architecture of the WS home to be quite spectacular. However, I agree with Fisher's comment that you could build a similar home of similar quality for much lower than the ask on that home. I suspect the list price will decline as the project gets closer to completion. Also, not sure how a prospective buyer could get an appraisal to justify the price and support a loan...

Little Fish

 

[Mermaid]

I prefer smaller over larger, but this house I actually like. Why? It goes for broke. I say, if you're going to big, go all the way! At eight bedrooms it's spacious enough to be useful for a family reunion, a small corporate retreat, a wedding party, and many other similar gatherings. All without being right on top of each other (which is what makes it eminently do-able). The location is lovely, and of course you have such nice neighbors.

What I don't understand--and really dislike--are the big houses that are too big for one family alone, yet not big enough for two, especially when there are lots of kids. 4,000 sq. ft. and only three bedrooms? Now that's wasteful and ostentatious.

 

[goofer]

Personally, I find the architecture of the WS home to be quite spectacular. However, I agree with Fisher's comment that you could build a similar home of similar quality for much lower than the ask on that home. I suspect the list price will decline as the project gets closer to completion. Also, not sure how a prospective buyer could get an appraisal to justify the price and support a loan...

Little Fish

I bet the owners who are building the home are listing for $12 million just in the case someone is silly enough to pay that price. The owners are not the speculating types ( he is a prominent doctor ), and they probably figure WTF if some wants to pay 12 mill why not list it ? They are end users and will be the eventual inhabitants of the home, imo

 

[Rambunkscious]

Yes, for $350 psf you could put some scrumptious stuff in there. Let me know if I can help you at that price, I am a custom builder. Not to the sky but
very luxurious, wood, stone, granite,stainless. I havent spek'ed the 12 mil house out yet but has to have some helluva stuff in it at that price.

 

[Little Fish]

Goofer:

Any idea who the architect is on that project? IMO, it looks like that home will challenge the one on the corner of South Founders Lane (designed by Dungan Nequette) for the title of "most interesting home in the community"...

Little Fish

 

[scooterbug44]

I believe you are wrong. You can curently build a georgeous house in Watersound, Watercolor, etc with all kinds of beautiful finishes, millwork, tile, etc for about $250 per square foot (and costs continue to fall). A "masterpiece could easily be had for under $350. But, even if you are correct, you could recreate the current $12 million masterpiece for under $4.5 million.

I always get a kick out of the generic "you can build any house for X dollars" comments.

One local contractor told a couple touring one of the Sowal communities "You can build any house in here for X dollars" - and got a major case of foot-in-mouth as he had just quoted THEIR house for more than that! :rofl: