Interested in a $2.69 million home in the Knoxville area? Probably not. That's a lot of cash for a place to live. Throw in the taxes, the energy and water outlays, the landscaping fees, and regular home maintenance and, well, good luck. If you can afford that, clearly, this whole recession thing has nothing to do with you. Congratulations.
I don't know who, exactly, is looking to buy a $2.69 million house in Knoxville these days, but I do know who is selling it. That would be Bruce Pearl, who bought what he called his "dream home" for $2.1 million in 2008.
You might know the house better as the site of the infamous barbecue -- where the infamous photo of then-recruit Aaron Craft was taken -- that Pearl told NCAA investigators he didn't recognize. That lie eventually cost him his job, and, thanks to a probable show-cause penalty from the NCAA, will almost certainly cost Pearl his ability to coach college hoops for the foreseeable future.
In case you're interested, the Knoxville News-Sentinel has photos and details on the house. To wit:
Pearl said Monday that the property was "clearly my dream home", but that he needs to downsize. "Now that I'm not the basketball coach and may not be doing quite as much entertaining, it's bigger than what we need," he said.
Elliott-Sexton, who also handled the recent sale of Villa Collina, said the Pearl home is on an acre lot and has five bedrooms, six-and-a-half baths, eight fireplaces, three laundry facilities and a saltwater pool. "It is just fabulous for entertaining," she said.
I have no interest in begrudging a man the spoils of his success; Pearl made a lot of money at Tennessee, and he's welcome to spend that money however he sees fit. But I will say this: Three laundry rooms? Eight fireplaces? Eight?! That is a ton of fireplaces. I'm pretty sure a house with that many fireplaces doesn't even need central heating. Eight fireplaces, a saltwater pool -- that, my friends, is what the kids these days call swag.
Anyway, it's a tough housing market out there, so Pearl might have a little trouble finding a taker unless he's willing to drop his ask a bit. It's a buyers' market. But if you play your cards right (and, you know, have a ton of money), you could own the house that eventually cost Bruce Pearl his job. It might not be the Gatsby estate, but that's something, right?