GALLERY: Tennessee's largest home sells for $11 million
KNOXVILLE, Tenn. (WZTV) — Tennessee’s largest home is now off the market, according to Target Auction Company. “Villa Collina” was scheduled for auction but sold prior for $11 million to an international buyer.
The Knoxville estate along the banks of the Tennessee River sits on eight acres. The property on Lyons View Pike offers beautiful water and Smoky Mountain views.
Villa Collina features more than 40,000 square feet, including 86 total rooms, eight bedrooms, 11 full baths and five half baths.
Target Auction Company says it fits the bill of luxury with a three-story library, a wine cellar that holds over 100,000 bottles, indoor and outdoor pools, an elevator, a fitness center and a home theater.
The home boasts Italianate tradition and master craftmanship styles with lavish details like gold faucets, Turkish sugar marble accents, hidden passageways and secret doors.
Perhaps, its main selling point is the $5 million master suite that was featured on HGTV’s “Million Dollar Rooms.” The suite has gold inlay crown molding, Swarovski crystal chandeliers imported from Italy and door treatments that are alone valued at $200,000.
Seller, Dr. Eric Barton said, "I have loved my time here at the iconic Villa Collina, but my other projects are calling. It's time for someone else to fall in love with this exceptional property."
Target Auction Company President Dewey Jacobs says the real estate industry is seeing a trend of non-distressed clients downsizing from their luxury properties and that the properties can sometimes be difficult to sell in the traditional marketplace.
