Home Once Host to Prince Charles, Margaret Thatcher and Ronald Reagan to be Sold at Auction

Share Article

Local company Cates Auction chosen to conduct auction sale of prominent Kansas City residence

News Image
- In dubbing Price “Ambassador to the World,” the Kansas City Star reported that “Ronald Reagan, Margaret Thatcher and England’s Prince Charles were among the overnight guests” at the residence.

The opulently-appointed 9,000 square foot penthouse mansion at The Walnuts was formerly owned by Kansas City diplomat and businessman, Charles Price. In dubbing Price “Ambassador to the World,” the Kansas City Star reported on January 13, 2012 that “Ronald Reagan, Margaret Thatcher and England’s Prince Charles were among the overnight guests” at the residence.

The Star also noted that, “During the Republican National Convention in 1976, the couple hosted media superstars and political dignitaries in the Walnuts condominium penthouse near the Country Club Plaza. Time magazine called it the social highlight of the convention.”

The home’s current owner has invested more than $6 million in the acquisition and complete renovation of the stunning property which now boasts state-of-the-art amenities, silk fabric-covered walls, and gold-plated hardware throughout. Under his ownership the home has continued to play host to significant events while serving as backdrop for a stunning collection of antiques and fine art.

Having moved out of state, and on the counsel of his advisors, he has chosen auction to provide maximum market exposure to the unique property and to expedite its sale. He set his auction “reserve” (minimum bid) at $1,500,000 and authorized the publication of that figure to provide full transparency of his intent to sell.

The home is located on the top two floors of The Walnuts, one of the region’s most prestigious addresses. For 85 years, the timeless brick and stone Jacobean buildings on the beautifully manicured 10-acre estate have been home to Kansas City’s most influential and prominent citizens.

Cates Auction & Realty Co., Inc., Kansas City’s oldest real estate auction firm is conducting the marketing and sale of the property with the assistance of The Doug Wasson Team, RE/MAX State Line.

AUCTION DATE: Friday, January 30th, 2015. Advance bidder approval required for participation in onsite or online bidding.

AUCTION LOCATION: 5049 Wornall Road (10C&D, 11C&D), Kansas City, MO 64112. Pre-registration required for admittance.

Documents and photos are available at http://www.CatesAuction.com/TheWalnuts.

ABOUT CATES AUCTION: Founded in 1942, the privately held, third generation company is located in North Kansas City, Missouri. Cates Auction & Realty Co., Inc. specializes in the accelerated auction sale of all types of real estate. Over the last 72 years, Cates has orchestrated the auction sale of thousands of properties across Kansas and Missouri including iconic residences, estates, luxury lake homes, large acreages and a wide variety of commercial properties.

Share article on socal media or email:

View article via:

Pdf Print

Contact Author

Visit website

Media