The Gambler’s estate is headed to auction ... again.
Having been purchased in July for $3.5 million just prior to public auction, country/pop/GEICO commercial star Kenny Rogers’ former 1,000-acre estate near Athens is going to auction in December with a starting bid of $3.9 million.
In the previous auction announcement, we exhausted most angles of allusion to Rogers’ most famous song — so, getting right to the point:
Originally purchased in 1983, Rogers built the massive estate (Beaver Dam Farms) to include a 12,000-square-foot mansion, five guesthouses, two clubhouses, an equestrian arena with 44 stalls, two swimming pools, and an 18-hole golf course where Rogers and pals used to play charity tournaments.
He sold it in 2003 to Las Vegas real estate investor Wes Adams, who died in 2011. The property was for sale by the Adams family (not that one) for five years. It listed in 2011 for $20 million and has decreased in price several times over the years.
In July 2016, the property was just about to go to auction, when somebody snatched it up, according to Mark Woodling, vice president and auctioneer of United Strategic Client Services.
"It was sold before it went to live auction," Woodling said. "Kind of like how eBay has the ‘buy it now’ option — people can purchase preemptively."
Woodling said the new owners saw an opportunity to spruce the property up a bit before putting it up for another auction scheduled Dec. 6.
"They’re fixing up some of the property," Woodling said, specifically mentioning much-needed maintenance and restoration of the golf course
"The new owner said they wanted to get it back in great condition for the next Kenny Rogers to come and purchase the property," he added.
- Kenny Rogers’ massive former estate near Athens to be auctioned [Curbed]
- Beaver Dam Farms [auction website]