Nashville Radio: Dave Ramsey Sells Home At Discount

Dave Ramsey, the syndicated personal finance whiz, has sold his Franklin, TN, estate for $10.2 million—over $5 million less than he had initially hoped to snag, reports realtor.com.

He placed his palatial residence on the market in February for $15.45 million. A deal closed at 34% off Ramsey’s asking price in August, according to property records.

In 2008, the radio show host picked up a parcel of land for $1.5 million, in what was reportedly an all-cash transaction. He then proceeded to build a chateau-inspired mansion on the land. Over the years, he also purchased two adjacent lots, for a total of 14.38 wooded acres.

Dave Ramsey

Upon its completion, he and his wife, Sharon Ramsey, lived in the custom mansion for over a decade. However, a hot housing market proved too tempting for the financial guru to ignore.

“The Nashville real estate market is so great right now, Dave and Sharon are taking the opportunity to build on land they own south of the city,” a Ramsey Solutions spokesperson told a local news station.

While he was savvy in his timing, Ramsey realized a smaller upside than he hoped, but the buyers scored a sweet deal.

The new owners may want to introduce themselves to the neighbors: The huge estate happens to be next door to the former crib of the singer LeAnn Rimes.

Ramsey kept the door shut on interior shots of his home, but we have plenty of views of the sprawling grounds. So let’s take a tour.

Set in a secluded and gated neighborhood, the hillside estate sits at an elevated 1,150 feet, well placed for views and sunsets.