Business

John Goff’s Eagle Mountain Lake compound on auction ... in Hong Kong?

The “significant uptick” in Chinese investment interest in luxury residential real estate in the U.S. in the last four years has found a new point of entry. It’s Eagle Mountain Lake, perhaps to the surprise of some folks who’ve lived near the lake for a number of years.

Fort Worth real estate billionaire John Goff is selling his 6,500-square-foot lakeside mansion and its sprawling estate known as “Mariposa del Lago,” which includes a guest house on nearly an acre and a half of wooded real estate, without reserve — or, to the highest bidder, starting at nearly $4.45 auction — on June 28 at an online auction to be held in Hong Kong, the Dallas Business Journal first reported.

The fact that the sprawling villa on the lake known more for recreation than for luxury is up for sale is not surprising. It previously went on the market in 2015, via the same auction house, New York City’s Concierge Auctions, curating the luxury real estate auction extravaganza in China in which Goff’s property is now included.

“We’ve seen a significant uptick in interest from Chinese buyers over the past four years,” Laura Brady, president of Concierge Auctions said in a statement. “This influx, coupled with the global adoption of our bidding application last year, made this outreach to China a clear next step.”

Non-Chinese bidders may also participate in the auction from any continent, via the Concierge Auctions app Brandy mentioned.

The exact value of the property listed as 7941 Summit Cove in Fort Worth is not known, but the Goff family did spend more than $10 million to create Mariposa del Lago. The property includes six bedrooms, five full and one half bathroom, an infinity bathtub in the third-level master suite, a temperature-controlled wine cellar accented by a centuries-old French jail door entrance, a fully loaded rec room, a playground for children, a two-story boat dock with its own gated entry and a six-hole putting green outside.

Not bad. And, according to Google Maps, one of the neighbors is an independent Scentsy dealer, so there’s that.

Goff, who made his name as co-founder of Crescent Real Estate, recently donated $6 million to his alma mater, the University of Texas at Austin, to support real estate and other initiatives within its McCombs School of Business.

Matthew Martinez: 817-390-7667; @MCTinez817

This story was originally published June 6, 2017 at 6:30 PM with the headline "John Goff’s Eagle Mountain Lake compound on auction ... in Hong Kong?."

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