Fabulosity, Lawyerly Lairs, Money, Real Estate

Lawyerly Lairs: Your Own Private Mountaintop — for $18 Million

If the mountain will not come to Muhammad, then Muhammad must go to the mountain. Or Muhammad will just buy the mountain — for $18 million.

Check out our latest Lawyerly Lair. It features a 10,000-square-foot mansion, a 2,500-square-foot guesthouse, 48 acres of land, 13 formal gardens, a one-acre pond (with bridge), a swimming pool and spa….

And its own mountaintop. Did we mention the mountaintop?

Baby Got Back: Sagee Manor's main house, rear elevation.

This past weekend, Paul Sullivan wrote his Wealth Matters column in the New York Times about a lawyer turned businessman named Bob Fisher. Fisher is trying to sell his multimillion-dollar estate on his own, i.e., without a broker, and so far he’s had no takers. Can you say rich people problems?

It shouldn’t be surprising that Fisher is having a hard time moving his mansion. It’s not exactly something that everyone can afford, as Sullivan of the Times explains:

I took a look at his Web site for the property, Sagee Manor, and was drawn in. Sagee Manor is a full-blown estate — a 10,000-square-foot mansion with a 2,500-square-foot guesthouse sitting on a mountain top in Highlands, N.C., a resort town. It is surrounded by professionally designed gardens. The asking price was $18 million to $25 million, depending on how many acres the buyer wanted.

Eighteen to twenty-five million dollars? We’ve covered some pretty pricey properties in Lawyerly Lairs — a Skadden lawyer’s $3 million penthouse, D.C. homes in the $7 million to $10 million range, a $10 million mansion in Malibu — but almost all of them cost less than Sagee Manor.

(Some exceptions: a federal prosecutor’s $25 million co-op; a Simpson Thacher alum’s $34.5 million condo; a law professor’s $30 million mansion.)

So how did Bob Fisher make his money? If your guess is “not though practicing law,” pat yourself on the back….

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