Sailfish Point mansion to sell to highest bidder - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Sailfish Point mansion to sell to highest bidder

Sailfish Point mansion Sailfish Point mansion
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STUART, FL - One of Martin County's most expensive mansions could soon sell at auction for just a fraction of its worth.

The owners of a $20 million Sailfish Point mansion want everyone to have a chance to call the 22,000 square-foot home, their home too.

The mansion will go to an absolute auction on April 25 in a rare scenario where the top bid must be accepted regardless of the dollar amount.

Owners Charles and Peggy Russell say it's simply time to downsize. They will be moving into a penthouse on Singer Island.

They say they want the next owners to be a family who will truly appreciate how unique the home is.

The home boasts 10 bedrooms, at least ten hand painted ceilings, marble floors, an elaborate garden with 100 Koi, a movie theatre, state of the art kitchen, beautiful chandeliers and gold plated fixtures.

The Russells bought the home only a couple years ago as a “fixer-upper”.

“We have made this place to be lived in as a home,” Charles said.

But, they no longer want it to be their home.

"We weren't going to live here forever because as we get older, it will be a bit easier if we don't have as many bedrooms,” Peggy said.

In the absolute auction, no minimum bid is required, though the home is worth at least $20 million.

The Russells aren't worried about the money, but excited to see who moves in.

"I think it's even more exciting for the bidders. Everybody likes to win,” Peggy said.

You can preview the property here .

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