Almost 25 years a restoration effort began, the palatial mansion still sits empty, having failed to secure funds to restore it to its former glory. The 'Money Pit' finally sells. but you'll have to swim into a muddy pond full of water moccasins to reach it. You will receive your first email soon. Fast-forward to 2014, the Makowskys decided it was time to relocate, despite their love for their renovated residence. a settlement or possible trial. to pay $11.2 million in April 2005 for the lakefront retreat at 450 Gulf Shore Blvd. Built in 1908 by a Georgia lumber tycoon, the enormous 11,000 square foot mansion is made entirely of . We definitely could have done the sequel.. To find interior design nirvana, experts always follow these eight underlying principles. Tour the Money Pit Mansion too expensive to restore The Money Pit | Tom Hanks Moves Into the House from Hell Photographs reveal the decrepit state of the 11,000 sq ft property, which was originally built in 1908 and is made entirely of mahogany wood. Groovy kindergarten brightens up with colorful facade. The Makowskys poured their hearts, their exquisite taste, and some say up to $10 million intorenovating the estate. m 617.834.8205, www.OliverReports.com In 2002, Christina and Rich Makowsky bought the property for $2,125,000, according to public record. Having lain empty for decades, its various owners have been unable to restore it to its former glory due to high . More like a nightmare ? They pulleddown the plaster walls and replaced them with double Sheetrock, replaced the heating, plumbing, and electrical systems, and re-roofed and redesigned the interiors, which are now inspired by Versace. We are no longer accepting comments on this article. Tansey installed the windows, which were assembled and supplied by Twin Windows. So Sebo sued everyone involved in building and selling him the house. This historic Central Florida estate comes with a yard designed by Bok

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