Luxist

As a would-be private residence it will continue to languish for years to come on the market. While the Berkshires aren't physically that far away from Boston or NY it is a whole other world in terms of attracting uber wealthy people compelled to own show places.

The highest sale ever in Berkshire Co. Mass was recorded 1/07 for Southmayd Farm at $6.9 million. It was fully restored, very lovely, a semi-Gilded Age estate (although not a Berkshire Cottage of note) and acquired by low-key owners who sought a place with ample lands affording privacy. The estate is tucked deep inside the lands and very few people knew of it prior to it being marketed for sale. It took over 3 years to sell it and several price reductions.

The Sloane/Vanderbilt estate of Elm Court (only partially restored) was pitched originally at $22M while operating as an Inn and drifted in price down into the upper teens. It failed to sell despite an initial agreement with a FL hotel company. It still is a premium B&B/wedding site.

Another stone castle which operates as an Inn and Spa (Mepal Manor in New Marlboro, MA) is for sale but with very limited adertising and marketing. The asking price has been around the $6M mark with no takers.

For years now the former DeSisto School (Bonnie Brier Farm) has been for sale for a few years and under contract for over 16 months. 250+ acres, massive gilded age mansion, right near Tanglewood, perfect location and pitched for $4.5 million. It likely will be sold as a future resort but I suspect at or under $4M.

My point is that while $15M might be 'cheap' in other areas and despite there being deep pocketed residents and vistors plus the beauty of the Berkshires for some reason it just isn't translating into mega trophy purchases.

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