Kelly Clarkson fans, take note. The singer’s Hendersonville, TN, property is still available. The 20,121-square-foot mansion on over 4 acres can be had for $8.75 million—a price that hasn’t changed since it first appeared on the market over a year ago.
So, is this a ballad of a stale listing? Hardly, says listing agent Jack Miller. “At that price range, it’s [still] a fresh listing,” he says. In fact, he instructs his clients in the area to expect a sale to take a few years, not a few months, for multimillion dollar properties.
He cautions that it is a mistake to judge the posh property by L.A.’s hot housing standards. “That’s a different market,” he says.
Clarkson bought the place for $2.86 million in 2012. So even with the renovations that she and her husband, Brandon Blackstock, put into it, there’s still plenty of room for a profit at the current price.
If she doesn’t want to compromise on the price, she should be fine waiting it out. But wait she will. “It’s a matter of being on the market when that buyer comes through. It’s just a function of the market we live in,” Miller says.
The seven-bedroom mansion currently holds the title of most expensive listing in Hendersonville. According to the realtor.com® director of economic research, Javier Vivas, ultraluxury homes in the Nashville metro (priced over $3.1 million) stay on the market an average of 92 to 199 days. That’s three to six times longer than a typical home in the hot Nashville market.
For Clarkson’s top-of-the-market home, there’s simply a smaller pool of local buyers to attract. So the search will have to broaden beyond Nashville, and that adds more time to the equation.
On the bright side, her home doesn’t have much competition. As of now, there are only nine single family homes listed above $8 million in Nashville.
And although her home has now been on the market for over a year, “It’s not atypical for a home like this to remain on the market,” says Vivas. For properties priced over $8 million, the median “days on market” for Nashville is 292 days, so this property is far from an outlier.
It takes just one wealthy executive or famous musician to walks through the well-appointed door and make an offer on the home. It’s an area that’s been home to many legends, including Johnny Cash, Roy Orbison, and Taylor Swift.
The home itself hits all the right notes and features a mix of formal and relaxed spaces. The layout opens to a grand foyer, a two-story great room with fireplace, french doors, and mezzanine, plus a formal dining room. The informal quarters include an open kitchen with an adjacent family room, and a casual dining area. The master bedroom includes bay windows overlooking the lake, a chandelier, a fireplace, and a spalike bath.
The entertaining takes place with a screening room, a kids’ room with built-in bunk beds, and a game room with a “cowboy bar,” which is accessorized with horse saddle stools. Outside, a split staircase from the balcony leads to a pool, covered dining area, and private lake access, plus a dock.
Now, all Clarkson needs is to hold fast and wait for a buyer to step up. As she knows all too well, what doesn’t kill you makes you stronger.
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