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Deion Sanders’ Former Mansion Goes on the Auction Block—With No Reserve

The Prosper, TX, mansion where NFL Hall of Famer Deion Sanders used to live just can’t catch a break. The 29,000-square-foot property was sold at auction in 2014 in a deal that fell through, then it came back on the market for $12.75 million in April 2016.

Now the nine-bedroom, 13-bathroom home, christened “Chateau Montclair,” is going to auction again, on Dec. 13. And this time, there’s no reserve. Does that mean the former Prime Time palace could be sold for just one dollar?

“This is correct,” says Jodi Fillmore of Concierge Auctions. “Though we are looking at bids of $1.5 million to $2 million to open.”

It’s an “amazing opportunity,” Fillmore says. When it was owned by Sanders, the mansion sat on 112 acres, but now all but 5.95 acres have been transformed into an upscale community called Montclair.

Homes in the neighborhood start at $1 million and sit on three-quarter-acre lots. For as low as a few million, Sanders’ former home, complete with bowling alley, barber shop, basketball court, and 12-car garage, is a deal indeed.

Why go with a no-reserve auction? “The seller is just ready to move on,” Fillmore says. “An auction creates a definitive sell date. We’re kind of like a Navy SEAL team, accomplishing in a short period of time what might take much longer on the market.”

An auction also opens the potential field of buyers from local big shots to international investors. They’re expecting to have at least 10 to 12 people bidding on the property. And in case a buyer isn’t looking for a master bedroom with a built-in coffee bar, the property has been pre-approved by the city for subdividing: an investment buyer could create as many as six lots from the sprawling property.

“It’s a ridiculous opportunity because of the growth around here,” Fillmore says. Prosper is just 35 miles from Dallas, or a 10-minute drive from the Cowboys training facility. “This definitely expands the playing field for a person who never thought they could touch a property like this. It’s fun and fast and approachable for most.”

Ready to start bidding? The online registration deadline is Dec. 11. Bids placed before the deadline don’t pay a 12% buyer premium, so make your move.

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