Did that more-than-half-off sale on the Piney Point Village bayou-front estate of Doug and Melanie Johnson work any magic? The cozy 8-bedroom, 10 full- and 3 half-bath playhouse recently disappeared from the MLS, but a Swamplot reader suspects something’s up:
I don’t think it sold because I watch it and I never saw it go into sale pending. I think they gave up trying to sell.
The 21,640-sq.-ft. home at 11682 Arrowwood Circle debuted on the market as a $19 million divorce listing back in 2007. According to a Chronicle blog post last year written by Shelby Hodge, that price was set by now-bankrupt broadcast executive Doug Johnson (his company, Johnson Broadcasting, is the “debtor in possession” of local TV station KNWS). After a couple of uneventful years at the top of the listings, the home’s price was eventually cut to $9.5 million — and the commission doubled to 12 percent — after Melanie wrested the right to control the sale herself.
What does it matter that it’s out of the listings? Really, don’t you think a quirky little property like this would do better in a . . . uh, private offering?
* * *
- Mega mansion: Asking price reduced by $10 million [Social Climbing]
- Previously on Swamplot: Piney Point Village Megamansion: Now $10 Million Off!