Bank of America Sold Renovated Houston Mansion for $9 Million
In 2012, Bank of America acquired a 20,900-square-foot mansion in Houston through foreclosure for $2.12 million, about $100 per square foot. Over the next 13 years, the bank invested $14 million in renovations. Eventually, the mansion was sold for up to $9 million, reflecting a significant redevelopment effort and investment in the property.
The Economic Times·12h ago·Houston



