The Hunting Valley estate of the late Scott Wolstein, who tragically passed away after a battle with melanoma last year, was on the market for $15 million.
It has sold to a pair of LLCs for at least $10.4 million, according to records filed last week with Cuyahoga County and reporting by Crain's Cleveland
. (Scene mistakenly reported the sale price as $6 million earlier this week. The property splits Cuyahoga and Geauga counties, and $6 million was simply the Cuyahoga side. We regret the error.)
Crain's additionally reports that the LLCs are "tied to Timothy M. Spencer, the managing partner of an Australian private equity firm." Spencer has local ties, including graduating from Kent State and CWRU.
The 32,000-square-foot estate, the largest home in Northeast Ohio, took five years and $30 million to build. It sits on 150 acres and is respledent with custom and luxury finishes everywhere you look. Custom designed by architect Tony Paskevich and built by Pistone and Tesauro, "Ravencrest," as it's called, boasts a greenhouse, wine cellar, indoor basketball court, infinity pool, indoor pool, steam room, climbing wall, disco, sports bar, elevator, a dog's room, complete with an eye-level plasma TV, and a mini shower built for a pet parrot.
As Cleveland Magazine noted when it was built, "There are so many bathrooms that neither Wolstein’s builder nor architect knew how many, and, after giving us a tour of the entire home, everyone was too tired to go back and count them all."
It, in fact, has 10.5 bathrooms, as well as six bedrooms.
No expense or trouble were spared for materials, which included salvaged stone from Jerusalem, old barn stones, limestone, and every other top-end option you could ever dream of, all of which make the English-style manor on a stunning piece of land in the Chagrin River Valley the most extravagant home in the region.