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The sprawling estate built by John McAfee, founder of McAfee Software is in danger of foreclosure. It is expected to be one of the most high-profile foreclosures since the housing crisis began.
McAfee sold the house to Jeffrey Wu, a big time banker who once boasted of having billions but had to take out a loan for $3.2 million to finance the purchase.
The 280 acre property includes a 10,000-square-foot main residence, with an entertainment center, three guest homes, nine cabins, four trout ponds, a horse paddock and unobstructed mountain views.
Seven months after purchasing the property, Wu put it up for sales asking $8.9 million which he later dropped to $7.5 million. but there were no takers. In October 2008 the property was on the market for $3.8 million. More>>
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Comment by Richard — May 21, 2009 @ 3:54 AM
Wow! Is it in Carmel,CA?
Comment by Helen — May 21, 2009 @ 1:37 PM
Oh, just found it – the property is in CO
Comment by Helen — May 21, 2009 @ 1:40 PM