Quick, someone remind Virginia businessman Billy Dean we’re in a bad economy!
You read right: $35 million for what he wants to be the ultimate bachelor pad!
In 2009, according to Miami-Dade County records, the forty-something CEO of the Washington. D.C.-based engineering firm MC Dean paid $8 million the Mediterranean mansion built on Pinetree Drive for Kmart founder S.S. Kresge in 1937.
“The existing house is being redone to look exactly like Kresge’s did,” said Michael Capponi, whose Capponi Construction Group is running the show. “Guest-houses are brand new construction. Billy wanted a private resort that can host large parties.”
And Billy is getting just that on the 2.5-acre property, according to Capponi: There’ll be three guest houses, a spa building, a nightclub, the main house – in all, 15 bedrooms, 20 full baths, six half baths, two kitchens in the main house and nine kitchenettes, all of it spread over 22,000 square feet.
Exterior features include two swimming pools, a tennis court, a volleyball court, a sports lawn, four igloo-shaped outdoor hot tubs and a grotto spa, one cold-plunge pool, three fountains and waterfalls, seven garage spaces and on-site parking for several dozen cars.
More goodies: Exterior special effects lighting system; hand-made clay roof-tile from Columbia; handmade steel windows; Frank Allart door hardware imported from Britain; custom-made lanterns; mahogany and cypress panel doors with custom stains throughout; a heating and cooling plant drawing from a geo-thermal source below the house; Roman baths; and much, much more . . .
This story first appeared on my Sunday column in the Miami Herald