Luxury home valued at €650k still on market
Published 29/07/2014 | 02:30
IVOR Callely's luxury home remains unsold almost five years after it was placed on the market with a €650,000 asking price.
The stunning property at Kilcrohane on the Sheep's Head peninsula in west Cork has been on the market with auctioneer Henry O'Leary in Clonakilty.
The €650,000 asking price has been unchanged with the Callelys apparently determined to only sell the property for what they believe it is worth.
The house is already on offer for around 40pc less than it would have fetched at the height of the Celtic Tiger property boom in 2006/2007.
Located outside the village of picturesque village of Kilcrohane, it is considered one of the showcase properties still available with panoramic coastal views.
It is understood that several people have expressed an interest in the property, several being foreign nationals who were thinking of relocating to west Cork.
Mr O'Leary declined to comment to the Irish Independent beyond confirming that all properties listed on his website are currently for sale.
The Kilcrohane property remains on the website with a detailed listing of its lavish features.
These include: "Beautifully built and perfectly positioned on a spectacular site on the outskirts of the village with breathtaking bay views." However, there are no 'for sale' signs erected on the property itself.
BBC star Graham Norton, bought a holiday home in nearby Allihies less than four years ago.
Callely's two-storey Kilcrohane building has its own access to the sea and has meticulously landscaped gardens which sweep down to the rocky shoreline.
The 56-year old politician has owned the property for over a decade and had the house built to his precise specifications.
Seven years ago, he was forced to back down in a dispute with Cork County Council over the use of the large detached garage beside the house.
He had secured planning permission for a garage adjacent to the house in 1998 but subsequently converted the garage into a two-bedroom habitable structure with an upstairs storage area.
The council ruled that the conversion was unacceptable and was tantamount to over-development of the area.