- Associated Press - Thursday, May 28, 2015

URBANDALE, Iowa (AP) - An Urbandale mansion featuring a dance floor, theater and drawbridge that once was listed for nearly $5 million will go on sale in an auction next month.

The home is owned by Ted Townsend, a philanthropist and former CEO of Townsend Engineering, who said he’s looking to downsize, The Des Moines Register (https://dmreg.co/1JWRrh1) reported.

The home has been on sale since May 2014 and was put on the market for $4.9 million, but a recent online listing had the price at $3.9 million.

Built in 1981, the residence has a waterfall tub, built-in aquarium, hidden massage suite, theater and a six-car garage. It features about 9,000 square feet of living space and about 2,700 square feet of deck space on 3.6 wooded acres overlooking a private pond.

The home was designed by architect Ken Kendall, who also designed the Ruan Center, the second tallest building in Des Moines.

The auction is June 27, but bidders must qualify by putting $100,000 in an escrow account or show a certified cashier’s check for that amount, said Trayor Lesnock, owner of Platinum Luxury Auctions.

He said it’s hard to predict how many people will arrive for the auction. But for a property like Townsend’s, he said he would expect between four and six bidders.

Another home believed to be the most expensive in Iowa is still on the market. Businessman Tom Bedell’s 24,000-square-foot mansion on West Okoboji Lake is listed at $12.8 million.

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Information from: The Des Moines Register, https://www.desmoinesregister.com


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