With No Powerball Winners, Jackpot Grows to Estimated $1.3 Billion

[GeorgeG.]

Not unless you're a qualified investor.

nevermind, I'm not even a qualified client.

[quikag]

I think a few of the people posting missed that it's 188 acres, barn, etc; not just the house. Still over priced IMO.

Yep, that 188 acres is gold out there, but yeah, $50mm is still stretching a bit. That said, people are rich out there, it just takes one buyer. Not to mention, you can always offer $40mm or whatever you feel it's worth and negotiate from there.

[Jewrrick]

Yep, that 188 acres is gold out there, but yeah, $50mm is still stretching a bit. That said, people are rich out there, it just takes one buyer. Not to mention, you can always offer $40mm or whatever you feel it's worth and negotiate from there.

You say $400-$500k per acre and this is 188 acres. So that's $75.2 million plus the house and barn and all of that. I feel $50,000,000 is a decent asking price, I'm sure they will come down off of it but it's not a bad starting point in negotiations.

[bcoop]

You say $400-$500k per acre and this is 188 acres. So that's $75.2 million plus the house and barn and all of that. I feel $50,000,000 is a decent asking price, I'm sure they will come down off of it but it's not a bad starting point in negotiations.

That 4-500k per acre is lot pricing. Bulk acreage isn't that high per acre. Personally, I don't think an individual will buy this place. I see it being split up for development, which is a shame. JMO.

[Jewrrick]

That 4-500k per acre is lot pricing. Bulk acreage isn't that high per acre. Personally, I don't think an individual will buy this place. I see it being split up for development, which is a shame. JMO.

I get that, that's why I say at $50mil with house and everything else it seems like a reasonable price to list the property. Is it worth it? No but it's not that far off the mark, I could see it bringing $40-$45mil.

I agree that a development will likely be put in there and also agree that it would be a damn shame for that to happen.

[46Tbird]

I'm buying this!

http://www.realtor.com/realestateand...ex=TX600044983

50 million bucks to live in a tacky oversized log cabin in North Texas and pay over 90 grand in taxes every month? LMAO. That thing was DEFINITELY built by a former lottery winner, now bankrupt.

You could have a dozen incredible homes around the world for that.

[03mustangdude]

50 million bucks to live in a tacky oversized log cabin in North Texas and pay over 90 grand in taxes every month? LMAO. That thing was DEFINITELY built by a former lottery winner, now bankrupt.

You could have a dozen incredible homes around the world for that.

90k a month in taxes?

Total for the whole year isn't even that according to tarranty county tax website

[Sean88gt]

This. I'd be afraid of winning this kind of money. Every day would be a nervous fucking wreck. You'd have to go into hiding for months just to get your shit in order so you can literally "disappear". I can't begin to imagine the mind fuck that would come along with that kind of money. I mean seriously, what would the plan be? A normal life after winning wouldn't be possible for you, your kids or any immediate family.

It would take a pretty fast fade-to-black scenario. You'd damn near have to have a compound, or relocate to an area where being super-rich isn't a thing.

Where are you finding this? I have looked and can't find any type of law that excludes blind trusts or LLC's

http://www.txlottery.org/export/sites/lottery/Winners/Claim_Your_Prize/

This bill to change that is in committee: https://legiscan.com/TX/text/HB1504/2015

I'm still looking for the information I read where they changed the rules shutting down collection through a blind trust.

[46Tbird]

90k a month in taxes?

Total for the whole year isn't even that according to tarranty county tax website

That's based on an actual sell price of 50M.

[bcoop]

50 million bucks to live in a tacky oversized log cabin in North Texas and pay over 90 grand in taxes every month? LMAO. That thing was DEFINITELY built by a former lottery winner, now bankrupt.

You could have a dozen incredible homes around the world for that.

Not a former lottery winner, and far from broke I assure you. It was built by a self made man to replace the log cabin he previously had on the property.

[46Tbird]

Not a former lottery winner, and far from broke I assure you. It was built by a self made man to replace the log cabin he previously had on the property.

I'll stop talking shit since he's obviously done something right.

[bcoop]

I'll stop talking shit since he's obviously done something right.

He's just one of those guys, that everything he touches turns to gold. Grew up from very humble beginnings, and ended up making a fortune.

[Baron Von Crowder]

I'll stop talking shit since he's obviously done something right.

One of my racing acquaintances hosted a fajita party one night at his house, roughly 100 folks were there, he had a mariachi band, tubs of beer, and obviously a bunch of fajitas. His caterer didnt show, so I stepped up and helped prep and serve. I asked him later while he was thanking us for helping out what possessed him to put this on, and he said "sometimes, you need to just blow some cash"

I didnt really get it, till I found out this single guy owns a "commercial landscape" company, and they do big stuff, like cobblestone streets for cities and such. I dont know how much he's worth, and certainly not as much as the builder of the above house, but he's pretty damn well off.

[slow99]

$1.5 b

[GrayStangGT]

This is the house I've been eyeballing ever since this lottery deal started a week ago, of course this would be in addition to a turn key high fence game ranch.

http://www.realtor.com/realestateandhomes-detail/224-Green-Acres-Dr_Granite-Shoals_TX_78654_M82362-27641