GoldenEye for sale ? for $22m
Luxury Tucker?s Town mansion GoldenEye is back on the market ? at what appears to be a knock-down price.
And foreign multi-millionaires with $22 million to spare could be in with a chance of joining Bermuda?s ?Billionaire?s Row?.
The palatial property hit the headlines earlier this year when its owners took Government to court over a policy banning Bermudians selling homes to foreigners.
After a lengthy legal battle, Alan and Vera Rosa Marshall emerged victorious when Government agreed to consider an application by a non-Bermudian to buy the sprawling house.
The Marshalls argued that they could only sell GoldenEye to a wealthy foreigner ? because no Bermudian would be able to meet its sky-high price tag.
Now it?s on the market ? and the online advertisement with realtors Coldwell Banker Bermuda Realty clearly states it is ?available to international purchasers?.
According to court documents, the Marshalls had originally hoped to sell GoldenEye for about $45 million, although the asking price in 2005 was said to be $35 million. It was said to be the most expensive house on the Island?s booming property market, boasting 38,000 square feet of floor space and ten bedrooms.
Now the ?spectacular property? ? which cost more than $30 million to develop ? is being advertised at the apparent knock-down price of $22 million, but with a mere 30,000 square feet of floor space and just seven bedrooms.
There are also eight full baths, a ?zero edge? pool and guest cottage.
Repeated attempts to contact the Marshalls to ask about the selling price and to check if there had been any interest in the property were unsuccessful on Friday and yesterday.
The Internet sales pitch, however, describes GoldenEye as the ?ultimate Tucker?s Town oceanfront home?, sitting on 2.5 acres of ?magically landscaped gardens?.
It continues: ?The main house comprises seven bedrooms, eight full baths and four powder rooms.
?All three floors of the main house are serviced by an elevator.?
Extra features include a gym, wine cellar, bar/snooker room, ?an area designed to house a cinema?, boat house, putting green and a pool and gazebo.
There?s also a two-bedroom guest cottage overlooking the ocean.
The court case heard the Marshalls turned down an offer of $33 million-plus in 2004 ? because they felt they could have got more for the property that had previously been two, vacant, undeveloped lots they purchased some ten years earlier for $7 million.
Mr. and Mrs. Marshall have said the house ? named GoldenEye due to its prime location for viewing the rising or setting sun ? attracted interest from high-profile international names before Government imposed the controversial policy.
US chat show queen Oprah Winfrey was one of the names consistently linked with the sprawling sea-view mansion. However, Mrs. Marshall recently played down the Oprah connection and said: ?I think she?s bought down in the Bahamas but we have a lot of other high profile people looking at the house.?
Whoever does end up buying the Tucker?s Town pad will find themselves with some very well-known and well-heeled neighbours. New York Mayor Michael Bloomberg, former Italian PM Silvio Berlusconi and former White House candidate Ross Perot all live on the same road in Tucker?s Town ? a street nicknamed ?Billionaire?s Row?.
The rule blocking Bermudians selling houses to foreigners came after the couple had finished developing GoldenEye and were in the process of advertising it.
Court documents state that upon completion of the development, the couple put the property in the hands of the world?s leading real estate companies. They indicated that they had a number of ?well known, high profile and extremely wealthy individuals? look at the property, and said that before the ban they had received offers ? but none reached their asking price of $35 million.
Off the market, the palatial dwelling was left standing empty while racking up $1million annual maintenance costs.
Venture capitalist Alan Marshall, and Mrs. Marshall, from Knapton Hill, Smith?s, have been developing properties in Tuckers Town since the 1980s. They started on GoldenEye in 1997 and claim to have brought some of the wealthiest people in the world to Tucker?s Town. This includes Mercedes billionaire Friedrich Flick and advertising tycoon Robert Lenz.
A Supreme Court judge recently ruled that Government?s decision to ban Bermudians from selling homes to foreigners was ?unlawful? and ?an abuse of power?.
Puisne Judge Geoffrey Bell said the Minister, Randy Horton, had not acted in the public interest when he brought in the controversial policy change a year ago.
Government has since stressed that the policy banning Bermudians selling homes to foreigners remains in place, despite the GoldenEye ruling. It said the legal case only related to Mr. and Mrs. Marshall. Premier Alex Scott has told that the ban still stood for others, in a bid to preserve land for Bermudians.