RELISTED - 412 Lake Front - BEACHES (UPDATE)

This house was first listed last May for $8,000,000.

It is 4+1 bedrooms and 4+1 bathrooms on a 50 x 124 foot lot

I thought that price was ridiculous and this was maybe a $3,500,000 house.

Then I found out it had 2 panic rooms and an underground tunnel to the garage.

So.....$4,000,000.

It didn't sell and the price was dropped in June to $7,500,000.

Again, it didn't sell and was taken off the market for a while.

It has just been relisted....for $7,500,000.

Call me crazy but I still think it is WAY overpriced.

MAYBE $4,500,000.

UPDATE:  Thanks to MDJ for sending in the video for this house (beware, you might get motion sickness)...

Okay.....maybe $5,250,000.

What is with the VIP guest suite with SmartGlass that can either be clear or opaque?

  Two panic rooms and a VIP guest suite?

Seriously?  Who did they build this for?