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grand Italian-inspired villa in Lafayette, Indiana has been sitting unfinished for nearly two decades. The 17-acre estate, which spans over 12,000 square feet, boasts a unique blend of old-world charm and modern luxury features.
The property's anonymous owner began construction in 2009, bringing in crews from overseas to build the whimsical tiled roof and import marble accents, tiles, and statues from Italy. The result is a three-story steel and concrete estate with sweeping archways, ornate columns, and wrought iron entrances.
Despite its grandeur, the property remains unfinished due to "life-changing events" that put the owner's plans on hold. Now, the listing agent is calling the $1.5 million price tag a bargain, given the extensive work already completed.
The sale includes all materials on-site, saving future owners from lumber and scaffolding costs. The property's endless potential has sparked suggestions of a second life as a boutique hotel or wedding venue, but it may face competition in Lafayette's budget-friendly housing market, where the median sale price is $232,500.
