Second-hand collector: The villa of the tangled real estate developer was bought at a "bargain" price
After already being offered for sale in the amount of NIS 50 million, the luxury villa of David Saban Barkai in Kfar Shmaryahu was sold at a price of NIS 15 million "only".
The building, carefully designed by the best designers and architects, includes an outdoor swimming pool and a home theater room
Shlomi Heller
08/02/2022
Tuesday, 08 February 2022, 11:02 Updated: 12:14
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After financial entanglement and large financial debts to creditors, the luxury villa in Kfar Shmaryahu, which was owned by real estate developer David Saban Barkai, was sold at a bargain price of an estimated NIS 15 million.
During the last decade, the villa was offered for sale in the amount of NIS 50 million.
Later, it was offered for NIS 30 million, but due to the demolition orders imposed on the house, the new buyer, businessman Yaron Adiv, will demolish part of the building, after it was built without permits.
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The villa of the tangled real estate developer (Photo: Walla !, no)
The luxury villa, with three floors, was built with careful planning by the best designers and architects, and covers an area of about 1,800 square meters. In front of the villa is an outdoor swimming pool, and inside the house is a home theater room
. The construction of the luxury villa led to the involvement of other people involved in the construction of the house, including indictments against the architect and engineer of the house, for construction irregularities that were carried out.
The villa is renovated before the new tenants enter (Photo: Walla !, no)
After years in which the villa was empty of tenants, and after lengthy attempts to sell it at an estimated value of NIS 30 million, businessman Yaron Adiv purchased the property for half the price demanded by the receiver, Adv. Shmuel Alfoi, for an estimated amount of NIS 15 million. , The house is undergoing renovations and demolition, and was rebuilt towards its occupancy by the new tenants.
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