Lord of the Dance Michael Flatley has decided to put his ‘dream home’ up for sale.
The north Cork mansion, Castlehyde House, is expected to sell for between €20m and €30m.
Flatley decided to sell the property he once hailed as his “dream home” due to his work commitments. He told the Sunday Independent: “We took the decision to sell Castlehyde but that doesn’t mean that I will be leaving Ireland. I love Ireland with all my heart and I always will.
“But my work commitments are increasingly keeping me in London and in other parts of the world.
“The show (Lord of the Dance – Dangerous Games) opened in Bulgaria last week and we have major tour commitments coming up in the United States and Australia.
“It simply wasn’t an option going forward to have this beautiful house and yet be only able to spend a couple of weeks there every year. It wasn’t right and it wasn’t feasible.”
Flatley purchased Castlehyde House in 2001 for €3m, when it was in near derelict condition. He spent a further €27m restoring it to its former glory, and the result was a magnificent luxury home.
The property will be one of the biggest landmark sales of the year in Europe, and is sure to attract interest from millionaires from all corners of the world.
Flatley reportedly beat Hollywood stars Tom Cruise and Hugh Grant to the purchase of the house in 2001.
A few years later, King of Pop Michael Jackson offered a ‘name your price’ bid for the property, to which Flatley declined.
However, now he has decided the time is right to move on. He explained: “I’ve had almost 20 years at Castlehyde and it has been a wonderful experience – some of the best times of my life have been spent there.
“That is what made this such a tough decision. There are so many happy memories.”
The sale of the property will be handled by Irish and British agencies. The eventual buyer could well come from either Britain or America, with the current strength against the Euro of the pound and dollar respectively, making Castlehyde House an attractive proposition.