The contemporary, multi-level home at 214 Mystic Drive in the Cheat Lake neighborhood is one-of-a-kind.
And at $2.95 million, it should be.
Built by former West Virginia football coach Dana Holgorsen, the 7,700-square-foot home is up for sale after Holgorsen left for the University of Houston in January.
The house was constructed with cross-laminated timber, a relatively new building process. CLT, for short is a wood panel product created by gluing solid and sawn lumber together, a process developed in Germany and Austria in the 1990s. Floors and walls comprised of CLT can be made ahead of time, which can both lower production costs and speed up the building process.
“It’s a very unique property,” said listing agent Victoria Shuman of Howard Hanna Real Estate Services.
Built in 2013, two years after Holgorsen became West Virginia’s coach, the home sits on 3.62 acres in the Falling Water subdivision. It includes a guest house that could be used for an office or pool house, said Shuman, a friend of the Holgorsen family. Balconies in the back run almost the entire length of the house.
There are five bedrooms, four full bathrooms, and a half-bath. The garage can accommodate more than three vehicles, and Shuman said the house includes high-end finishes throughout. The large kitchen features a marble counter that seats six comfortably.
“It’s a large, open floor plan,” Shuman said.
The property has been on the market since February, according to MLS listing, and Shuman said there have been four showings.
Because of the price tag, potential buyers must show a pre-qualification letter or proof of funds. Shuman said there was a conscious effort to keep the home priced under $3 million.
“But, there is more than $3 million in it,” she said.
The average detached home in Monongalia County last year sold for $290,707, said Melissa Berube, president of the Morgantown Board of Realtors. So far this year, the average single-family home price in the county is $306,828.
Because of WVU, the hospitals and Mylan offering well-paying jobs, it is not unusual for the area to have several million-dollar homes for sale simultaneously, Berube said. In fact, there are 11 homes on the market with a price tag of
$1 million or more — all in the Cheat Lake area.
Still, selling a high-end home remains a challenge, said Barbara Phillips of the Snider Realty Group: “The biggest challenge in selling a million-dollar home in Morgantown is the shortage of million-dollar buyers.”
