Location, location, location.
Hindsight being 20/20, I should have torn down/rebuild when I sold my last house...
Yep. I know exactly where that house is and Prosper has grown tremendously. Would be hard to get your hands on that much land around there today. He probably bought it for +/- $3 million 5 or so years ago. The house was likely a poor to moderately built and or finished McMansion
I know he probably spent a ton on landscaping and security etc. plus he put in a 50 yard turf field that would cost a million dollars to redo on another property. Water/power/septic are all ready to go.
A lot cheaper to tear down an rebuild than try to recreate what he has from scratch and build a house.
Highest paid player in the NFL can afford $1000+/SF finishes and doesn't have to live like us meer mortals at $250/SF.