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Land Resources / News / North Carolina

Auction brings $4.2M for property formerly owned by Tyco exec

Source: Seacoastonline.com, by Elizabeth Dinan
November 10, 2010
A 10,000-square-foot mansion built on property once owned by former Tyco International CEO Dennis Kozlowski sold at auction Tuesday for $4.2 million.

Assessed at $9.4 million, the 15-acre estate went to the highest bidder following 20 minutes of “fierce” bidding, said Monika Weymouth, spokesperson for auctioneer Grand Estates Auction Co. of North Carolina. Weymouth said the estate was purchased by a family which attended the auction and were “hugging and happy” with their new home.

Read the complete article from Seacoastonline.com »

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