Lifestyle
Written by Katie Warren
Updated
- A $180 million lottery winner is selling a massive California mountain estate at a $19.1 million price cut.
- Originally listed for $26 million, the property is now up for auction with a minimum price of $6.9 million, according to Concierge Auctions.
- The estate includes a 16,000-square-foot house with a sauna, a 17-seat movie theater, a three-story elevator, and a 4,000-square-foot garage.
- The estate also comes with a fully operational buffalo ranch with about 45 buffalo.
- Visit Business Insider's homepage for more stories.
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A lottery winner is selling his massive California mountain estate at more than a $19 million price cut.
Originally listed for $26 million in 2018, the Eagle Crest Estate is now up for auction with Concierge Auctions at a minimum price of $6.9 million, the auction house told Business Insider.
Rick Knudsen won the $180 million California Mega Millions jackpot in 2014, quit his job, and bought the house — which was still under construction — for $5.5 million, according to The Wall Street Journal. He went on to buy an adjacent buffalo ranch and another swath of land, piecing together 845 acres in total.
Here's a look at the massive estate.
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A lottery winner is selling his 16,000-square-foot mountain home that sits on 845 acres on Little San Gorgonio Mountain in Oak Glen, California, at a $19.1 million price cut. Previously listed for $26 million, it's now up for auction at a minimum price of $6.9 million. The Eagle Crest Estate is listed with Craig Strong at Compass.
At its previous price, the estate included commercial property in the nearby town of Oak Glen: a steakhouse and saloon that are no longer for sale.
Strong said the reason for the hefty price cut is that "the sellers are motivated to move the property."
Source: Eagle Crest
The owner, Rick Knudsen, won the $180 million California Mega Millions jackpot in 2014, quit his job, and bought the $5.5 million home, which wasn't yet finished and sat on about 50 acres at the time.
Source: Wall Street Journal
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Knudsen went on to spend millions more on an adjacent 155-acre buffalo ranch and another 640-acre piece of land, as well as a steakhouse and saloon in town. It cost him about $11.5 million total.
Source: Wall Street Journal
The massive estate sprawls over 845 acres with views spanning from Little San Gorgonio to Mount San Jacinto, the San Gabriel Mountains, Salton Sea, and to Catalina.
Source: Eagle Crest
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Called Eagle Crest, the mountain estate is the only private property in Southern California that sits at a 9,000-foot elevation.
Source: Eagle Crest
The listing calls it "Southern California's most exclusive and elevated mountain estate."
Source: Eagle Crest
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The interior of the home is designed in a rustic mountain style ...
Source: Eagle Crest
... with stone and wood materials throughout the house.
Source: Eagle Crest
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A private movie theater with a George Lucas sound system can seat 17 people ...
Source: Eagle Crest
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The great room features vaulted ceilings with tall windows, and plenty of comfortable places to sit.
Source: Eagle Crest
Several fireplaces are scattered throughout the home, including in the dining room ...
Source: Eagle Crest
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Naturally, the master suite is the most impressive.
Source: Eagle Crest
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A walk-in closet and dressing room also includes a Winchester safe.
Source: Eagle Crest
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The owner of the house said he's ready to sell because he's "a little bit bored" after completing the estate, and ready to move onto another project.
Source: The Wall Street Journal
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Attached to the house is a 4,000-square-foot six-bay garage and carport.
Source: Eagle Crest
The grounds surrounding the house are fully landscaped.
Source: Eagle Crest
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Another patio has lounge chairs that look out over the mountain landscape.
Source: Eagle Crest
The house has its own water source as well as a solar power system.
Source: Eagle Crest
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The real estate company calls the home "the embodiment of natural luxury."
Source: Eagle Crest
Adjacent to the mountaintop home is a fully-functional buffalo ranch that comes with two barns and a one-bedroom, one-bathroom caretaker's home.
Source: Eagle Crest
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About 45 grass- and apple-fed buffalo roam there.
Source: Eagle Crest
Senior Features Reporter
Katie is a senior reporter on Business Insider's features team.Before joining Insider in 2018, Katie was an intern at NBC-owned TV stations, Chronicle in Cape Town, South Africa, and The Local in Paris, France. She has a master's degree in International Reporting from the CUNY Graduate School of Journalism.Katie can be reached at kwarren@businessinsider.com.Selected stories:
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