Johnson City Press Sunday, November 23, 2014
Business & Technology

Crantzdorf Castle sells for $3.36 million

August 31st, 2011 9:56 pm by Kate Prahlad

Crantzdorf Castle, the 20,000-square-foot property formerly owned by local auto dealer Steve Grindstaff and his wife, Ashley, now has a new owner.
On Aug. 23, the Grindstaffs sold the estate to Kenneth Wayne Thacker and his wife, Sandra Kay Thacker, for the final price of $3.36 million, according to the warranty deed.
Originally priced at $28.5 million, the property was later listed for sale at $19.5 million with luxury real estate firm Mountain Sotheby’s International Realty. The estate was then placed on the auction block without reserve in mid-May.
But the castle never made it to the auction stage because of the interest in it, Grindstaff said Wednesday.
“Sotheby’s decided they wanted to pull it off the auction (in mid-June), since they had three buyers ready to buy it,” he said. “But the guy who ended up buying it was not part of the original three.”
Though he said he was sad to see the house sold, Grindstaff said the timing of the sale was great. With twins on the way, his wife Ashley didn’t want the added chore of taking care of the house, which Grindstaff described as a full-time job.
“With twins coming, she told me, ‘I just can’t do it anymore,’ ” he said. “This wasn’t about the money. It was about making her happy.”
The Grindstaffs bought their new home about five months ago, and Ashley had already moved in before the castle’s sale was final, Grindstaff said.
The castle, which sits on a 13-acre spread on the shores of Boone Lake, is reportedly modeled after the Palacio de la Magdalena in Spain, and boasts nine bedrooms, eight bathrooms and four half-baths. Also listed as the property’s amenities are a full home theater, a pub, a billiards room with an antique, hand-carved wet bar, a more than 22-foot tall grand fireplace, and a fully finished basement and attic.
The mansion also features an indoor basketball court (which can double as a reception room), a swimming pool with a view of the lake, a covered veranda, a gazebo and a private track, which is a one-sixteenth replica of Bristol Motor Speedway.

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