After unsuccessfully trying to sell this hilltop villa  outsisde of Austin, Texas it paid nearly $4 million to acquire, the city of Lago Vista recently started renting the mansion out on home-share sites.
Photo: City of Lago Vista, Texas
Photo: City of Lago Vista, Texas

Small Texas town buys $4 million luxury mansion, but deal backfires. Now what, officials ask? 

>> Read more trending news 

The estate rents for as much as $2,000 a day. “First, you arrive at the private gate to realize how tranquil the location is. Then, you pull up to the circular driveway and see the magnificence of the home,” a delighted client wrote in a recent HomeAway.com review. “It is hard to believe that this is an actual vacation rental! We each had our own private bathroom, which was extremely nice.”

“The views are better than any others you will find on the lake,” said Lago Vista City Councilman Kevin Sullivan.

He would know. That’s because the taxpayers of Lago Vista are the mansion’s reluctant owners.

Three years ago, this picturesque lakeside city of 7,000 shelled out nearly $4 million — a figure representing more than half of its annual budget — to buy the sprawling villa. After a couple of years of failing to unload it, the city has turned to using it for the occasional city council retreat and, more recently, renting it out to tourists.

“People love it,” said Jacqueline Wittmuss, owner of JW Properties, which manages the rental for the city.

>> Related: Miami bridge collapse: 6 confirmed dead, police say

Not everyone. Paying top dollar with public money to acquire a manor featuring 20-foot ceilings, a giant pantry and a three-oven kitchen “was not the wisest decision,” said Mark Tippetts, a former city councilman.

“It’s not the best situation,” added Ed Tidwell, Lago Vista’s new mayor.

For the story of the city’s reluctant purchase of the Hill Country estate, and interviews with city officials involved, visit MyStatesman.com

Thank you for reading the Springfield News-Sun and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.

Thank you for supporting in-depth local journalism with your subscription to the Springfield News-Sun. Get more news when you want it with email newsletters just for subscribers. Sign up here.

X