The most expensive luxury residence in Missouri is a working cattle ranch near Drexel, about 50 miles south of Kansas City. The 1,800-acre estate, called Dreamland Ranch, is listed for $15.2 million.
PropertyShark, a website that covers real estate market trends and industry news, compiled a list of the top 12 most expensive properties in Missouri. While most of them are in the St. Louis area, two are in the Kansas City metro area.
Camelot, the castle-like home on Weatherby Lake built by the late Lantz Welch, a trial attorney, ranks fourth and is on the market for $6.8 million, down from its initial listing of $7.8 million.
Prices for the 12 luxury properties listed by PropertyShark start at $5 million. Most feature rolling acreage and exceptional views as well as such luxury amenities as wet bars, gourmet kitchens, fireplaces, in-home theaters, wine cellars, pools, spas, libraries and fitness centers, the type of features that wealthy people in the Kansas City area love.
PropertyShark reporter Eliza Theiss calls Dreamland Ranch an outdoorsman’s paradise, noting that it “teems with wildlife both in its grassy meadows and deeply wooded acreages, with hunting stands strewn throughout the vast grounds.”
Three lakes on the property range in size from three to 20 acres and have been stocked for fishing. There’s also a working corral, and two barns including one with four stalls.
The 4,600-square-foot log cabin home has five bedrooms, six bathrooms and a great room with a floor-to-ceiling stone fireplace and a modern kitchen with stainless steel appliances. A guest house on the property has three bedrooms, two bathrooms and a caretaker home. There are another three rental homes on the property that together rent for about $32,000 a year.
There is also additional acreage available and real estate taxes are $20,000 a year, according to Louisburg Crown Realty’s property listing.
Camelot, which sits on 350 feet of Weatherby Lake frontage, is just over 15,000 square feet in size and has two kitchens, 5 bedrooms, 10 bathrooms and an elevator. It was built with European blue slate, 100-year-old Carthage limestone, stained-glass, heated stone floors and a bevy of custom-designed finishes.
Other amenities include a private dock, a greenhouse, wet bar, walk-in closets, fitness center, multiple fireplaces, whirlpool tub and a multimedia lounge.
Even though it’s only 25 years old, Camelot comes with a storied past, thanks to its colorful owner who referred to himself as Lantzlot and his wife, Laura, as his queen. Their story was told last year in the Kansas City Star’s “Camelot’s Tale: How Weatherby Lake’s castle, now for sale, came to be.”
PropertyShark did not list the most expensive homes in Kansas, but according to Zillow it’s a Georgian style mansion on a 4-acre gated estate in Mission Hills. The listing price for the 15,000-square-foot home is $8.4 million, down from $9.5 million when it was featured in a story in The Kansas City Star last year. It took builders and artisans three years to construct the 13-year-old home with an authentic Old World feel.
Theiss notes in the PropertyShark story that real estate sales in Missouri have slowed since the fourth quarter of 2017, but is still “markedly more dynamic than it was a year ago,” with prices appreciating 7.2 percent year-over-year.
“For those with cash to burn, conditions are excellent for investing in high-end properties – and Missouri’s luxury market has plenty of swanky mansions and sprawling estates to offer,” Theiss writes. “From pricey penthouses with private elevators and starchitect-designed mansions to French chateau-inspired estates and dreamy ranches, there is no shortage of high-end living in The Ozark State.”