The Isleworth mansion of Launa Stayer-Maloney, daughter of the founder of the Johnsonville sausage company and a retired executive with the firm, is planned to go for auction at the end of the month.
Concierge Auctions, who is handling the sell-off, has not set a reserve price for the minimum bid, but it is listing the house, at 5372 Isleworth Country Club Dr. in Windermere, for $7.4 million.
Stayer-Maloney, 80, paid $9 million for the property in 2008.
Carolyn Wright of Concierge said the sellers are motivated because they have already purchased another home in Isleworth.
“A seller chooses an auction ... because it puts an end-date on the sale of their home,” she said. “Also, it gives them more control over the process,” cutting out certain contract negotiations that happen in a typical sale.
The auction is set to begin Jan. 22. Bidding will be done online with pre-qualified buyers from around the world.
“We’re expecting probably three to five people to participate,” said Toni Cafferty of Isleworth Realty.
The last day for bidding will be Jan. 26.
The house was designed by architect Terry L. Irwin and constructed in 2004 for the original owners, Art and Mary Neaf. The one-acre estate sits on a double lot and has more than 13,000 heated square feet, split between the main house and the two detached guest houses. With eight bedrooms and seven full and two half bathrooms, the property was designed for entertaining and hosting guests.
The entryway features heavy oak double doors, and a foyer over an indoor pond fed by a trickling, wall-sized stone water feature. The travertine floors lead to the great room, which includes the first of nine marble fireplaces.A heated pool and raised hot tub look out over the private Hourglass Lake to a view of the Isleworth Country Club golf course’s 12th hole. The back also includes a full outdoor kitchen with retractable screens, a marble gazebo and some of the property’s 100+ marble columns.
The home’s interior also features a fitness center with a dry sauna and a steam room and a resistance exercise pool.
Murals by Italian painters, Old Chicago brickwork in the kitchen, gold leaf and ornate woodwork adorn many rooms of the main house.
The main house has three bedrooms upstairs, including two master suites. The original master bedroom features two full bathrooms and two room-sized walk-in closets with built-in wardrobes. The bedrooms each include a balcony looking out on Hourglass Lake.
In the second master, a private spiral staircase leads down to the home office.
Upstairs also features a home movie theater with stadium seating for 12, a kitchenette and a built-in candy display.
The main building’s west wing includes a two-bedroom apartment. The east wing ends in a three-car garage.
Stayer-Maloney served in several executive positions at her father’s company for more than 30 years. Under her leadership, Johnsonville went from a regional business to an international conglomerate.
Isleworth is a luxury country club community that features houses once or still owned by Tiger Woods, Wesley Snipes and other celebrities. Other estates on the market in the neighborhood include ones owned by Shaquille O’Neal and British billionaire Joe Lewis. Last year, O’Neal dropped the price of his lakeside mansion to $19.5 million from an original starting price of $28 million.