Mattress Mack’s Half-Off Sale

Pool and Guest Apartment at 3002 Pine Lake Trail, the Former Home of Jim McIngvale

Mattress Mack’s home in Northgate Forest sold back in April for $815,000, reports Jennifer Dawson in the Houston Business Journal. That’s more than a 50 percent discount off the home’s original asking price.

The McIngvales’ 7-bedroom, 6,840-sq.-ft. home at 3002 Pine Lake Trail originally went on the market in May of 2007 for $1.75 million. Three months and a $250K price cut later, John Daugherty Realtors decided that marketing the pad as “The Home of Mattress Mack” might help. But it didn’t, apparently. The price cuts spiraled from there.

Jim and Linda McIngvale’s new home is a 2,000-sq.-ft. apartment on the grounds of their Westside Tennis Club on Wilcrest near Briar Forest, but that’s not necessarily a step down, says Dawson:

While the couple may have a lot less house, right outside the door is a resort-styled pool, family fitness center, lighted soccer field and one of the city’s largest yoga facilities.