Brinkmann Constructor’s Founders’ St Albans La Charette Estate Hit’s Market

Robert G. Brinkmann, founder and CEO of Brinkmann Constructors, has listed for sale his 12,000 square foot
St Albans estate home  for $8.5 million.  The Brinkmann estate, named “La Charette”, sits on 15.7 acres overlooking the Missouri river valley and claims to have “the most beautiful views in St Louis“.  I was pondering the name given the estate, “La Charette”, and did a little research to try to find a connection between the name and Brinmann, who built the home 12 years ago.  I looked first at the french definition of the word which is basically a “cart”, sort of like a chariot or wagon which at first made no sense to me until I discovered this type of French cart was often used to transport drawings.  However, the other definition I found of it, which seems perhaps even more fitting, is (from Merriam’s) “the intense final effort made by architectural students to complete their solutions to a given architectural problem in an allotted time or the period in which such an effort is made.”

This is not the first time on the market for La Charette as it spent a year on the market from May 2013 through May 2014 at a  price of $8.9 million.  Whether or not the $400,000 price reduction will be enough to motivate a buyer in what has been a rather stagnant market in St Albans is hard to say but it is safe to say the St Albans housing market has been soft for a while.  As the chart below shows, the price per foot for homes in St Albans peaked around 2009 and the fell to a low around 2011 pretty much like the rest of the St Louis market however, different than most markets in this area, after spending a year or so gaining back some lost ground in home prices, has taken another dip and now reached a point even lower than the bottom in 2011.

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See “La Chartte” photos and complete info as well as the St Albans market chart below.. Continue reading “Brinkmann Constructor’s Founders’ St Albans La Charette Estate Hit’s Market