The home's listing agent, Mayi de la Vega of Sotheby's International Realty, says the listing price was raised because home underwent restorations and updates when it was taken off the market.
"We see a stabilizing trend in the ultra-luxury segment, as high-net-worth buyers pursue the very best properties at opportunistic price points, " says Bill Fandel of Peaks Real Estate Sotheby's International Realty, who handled the sale of the Bootjack Ranch, via an e-mail.