Lake Martin Voice Realty
Video: Auction Of Richard Scrushy’s Lake Martin Home
Ex HealthSouth CEO Richard Scrushy’s Lake Martin home was auctioned today on the courthouse steps in Dadeville, Alabama. HealthSouth shareholders won a $2.9 billion judgment against the “CEO of Fraud” and are now attempting to recover the cash.
The above video shows the home and its adjoining lots being auctioned.
The auction actually included two parcels:
1. The Hangar at Willow Point Airport- 644 Willow Way North – Scrushy owned a hangar there, one of only 2 or 3 at the airport, which is adjacent to the neighborhood of Willow Point. It was the site of the boat auction a couple of weeks ago. The shareholders bought it for $435,000.
2. The Waterfront Home and Lots - 1470 Willows End - this is the home and the surrounding lots in Willow Point. They had an opening bid for $4 million and the shareholdersof HealthSouth bought it for $7.4 million.
Related Posts:
More Pictures And Video – Richard Scrushy Lake Martin Home Auction
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Wow. $2.9 Billion thats a lot of money.
As a lover of fine homes and unique properties, I was suprised to see in one of your posts that Scrushy’s house may not be the biggest one in the Lake Martin area. What else comes close (who & where)? Just curious.
[...] cool $5 million will buy you the keys to the former Lake Martin waterfront estate of Richard Scrushy. Richard Scrushy was the former CEO of HealthSouth. The home is now owned by shareholders of [...]