They got a pre-emptive offer! No kidding! The Goff’s auction was set to take place last Thursday, and there was TONS of interest, not to mention four registered bidders. But a pre-emptive offer on the gorgeous retreat named “Mariposa” came in 24 hours before the auction was set to begin. So the agents decided to work that offer and postpone the auction. What with all that marketing, and this great video, no wonder. I drove out to Mariposa on October 1 for a lovely pizza and wine event with Kyle Crews and Allie Beth Allman and people were crawling all over the place. The gated retreat, known as Mariposa del Lago, or “Butterfly of the Lake,” (based on the tremendous number of monarch butterfly migration patterns on the grounds each year) has been the Goff’s central family retreat for the couples’ five children since 2001.We will keep you posted on the sale. Meantime, here is the full Mariposa story and how this custom-built compound on an 8,600 acre lake, with pool, tennis and sport court, kids pavilion and putting green is where one of the most significant decisions in financial history went down.
It’s also where a whole lot of regular business deals have been made. So it wouldn’t surprise me a bit that one of those key players may have wanted the compound. It was on that putting green where John Goff convinced Morgan Stanley to buy the company he and Richard Rainwater built, Crescent Real Estate Equities, for $6.5 billion dollars in August of 2007. (more…)