The Fisher Auction Company just announced it will be auctioning off the former home of Lou Pearlman located at 12488 Park Avenue, Windermere, FL 34786 in the Chaine du Lac subdivision that measures 16,000 square feet with 6 bedrooms and 11 bathrooms sitting on over 2.5 acres along the shores of Lake Butler on March 8, 2008. A US bankruptcy judge approved the auction today and it’s already posted on the Fisher Auction site.
The property will be available to be seen on February 9th and February 23rd from 9:00 AM to 11:00 AM. If this home is anything like the other homes on this exclusive street in Windermere, I’m sure it’s one gorgeous property. At the very least, I know that that section of Lake Butler is just beautiful. With the over sized lots with grand old oaks and Lake Butler as the backdrop, how could you go wrong? There was a contract to buy this property last year for reportedly over $7 million but the buyer could not obtain financing and the deal fell apart.
Lou Pearlman was once noted for being the manager for big time acts such as the Backstreet Boys and N Sync but is now more noted for his shady business dealings. Pearlman was caught last year in Bali and charged with scamming investors out of $100 million dollars. Maybe he was checking out the countryside or maybe he was hiding out but nonetheless it sounds like he’s one crooked guy.
One of my favorite properties on this street growing was a property named Kon Tiki. It sat on a little island just off the shore with a cove that surrounded it. It was only accessible by boat or the bridge that led to property and the building was enclosed in glass offering panoramic views. I once picked up a flier to the property when it went up for sale a few years back and the Realtor had the priced marked at $500,000. I thought I found the deal of a lifetime but a quick check in the MLS revealed that they left out a zero on the flier. I would have loved to have bought it for $500,000. Oh well.
I’m sure Pearlman’s property is just as picturesque as Kon Tiki since it’s right down the street. I really do love this part of town.
Watch Virtual Tour: Lou Pearlman’s Home