For the second time in the past five months, an Elder Mountain mansion has sold at a record high price.
A Houston family, which created a limited partnership known as SFSG Real Estate Holding LLC, bought the home of the late Sharon Mills last month for $4.9 million -- the highest price ever for a residential property in the Chattanooga area.
The 11,266-square-foot home was built in 1998 on 26.5 acres overlooking the Tennessee River Gorge. The mansion previously sold in March for $4.6 million after going on the market a year ago with an initial sales price of $7 million.
But after acquiring the property earlier this year, the previous owner from California decided against moving into the home and put the house back on the market.
Jay Robinson, a Chattanooga real estate agent with Keller Williams who was the top-selling agent in Chattanooga last year for residential properties, sold the Mills' mansion both times this year.