Chateau to be auctioned with unpublished reserve

Published 3:11 pm Tuesday, November 29, 2016

NORTH SHELBY – North Shelby County’s Chateau Montagel, one of Alabama’s largest homes, will be sold at auction with an unpublished reserve, Concierge Auctions announced.

The property will be auctioned Dec. 20 as part of Concierge’s Winter Portfolio Sale.

Hosted in New York City, bidders are able to participate in the auction in person or worldwide via the firm’s “Instant Gavel” app.

“Our Winter Portfolio Sale has a great lineup of properties from around the world, and we’re excited to enhance it further with Chateau Montagel,” Concierge Auctions President and Founder Laura Brady said. “Our clients are extremely motivated, resulting in a significant opportunity. With even more time for potential buyers to visit the property and perform diligence, anyone interested in bidding still has time to become involved.”

Located on 27 acres in the exclusive Shoal Creek Community, Chateau Montagel is a grand European-style chateau, close to the Jack Nicklaus-designed Shoal Creek Golf and Country Club.

The 54,000-square-foot compound includes equestrian facilities and a guitar-shaped sprawling driveway, among other amenities, and is listed for $9.9 million.

Chateau Montagel is a 15-bedroom, 19-bathroom estate that boasts a grand foyer with dual staircases, commercial grade elevator, frescoed ceilings, crystal chandeliers and 12 fireplaces.

Ideal for entertaining, the property features luxurious finishes throughout, featuring a home theater with box office; billiard room; 2,000-bottle wine cellar; multiple separate guest accommodations; pool with waterfall, Jacuzzi and twin poolside cabana suites; fitness center; playroom; and equestrian facilities with miles of meandering equestrian trails.

Currently zoned for residential use, there is a possibility to rezone for commercial use, with layout and design suited for a bed and breakfast, hotel, and event venue, according to a Concierge press release.

The property, located at 7 Montagel Way, remains open for showings by appointment and is being sold in conjunction with Pam Ausley of RE/MAX Southern Homes 280.

Concierge Auctions offers a commission to the buyers’ representing real estate agents.

Concierge Auctions has sold other high-profile Southern homes before, including University of Alabama football coach Nick Saban’s 10,000-square-foot estate in the North Georgia mountains on the shores of Lake Burton.

The mansion, owned by former MedPartners CEO Larry House, was designed by architect Bill Shepherd and is fitted with vintage lighting. Detail work was done by the International Fine Arts Conservation Studios, the same group that worked on Buckingham Palace and the Biltmore.

The home topped the U.S. housing market as the largest house on the market in February 2014. RealtySouth listed the house at $9.9 million, a $4 million reduction from the February 2014 asking price.

The Shelby County property tax database lists the assessed value of the 7 Montagel Way mansion as $12,033,860.

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For more information on the auction, call (212) 202-2940.