Price tag for world’s largest log cabin slashed in half

If you’ve got $20 million to spare, you’re in luck—the price tag for the world’s largest log cabin just dropped dramatically.

The luxury log cabin, which is located on a private island on Lake Superior, was built from Oregon pine in 1923. The enormous space is equipped with a total of 50 rooms, including 26 bedrooms, 13 bathrooms, and—believe it or not—23 stone fireplaces. The most incredible feature, however, might be the 3,000-gallon hot tub that overlooks the property’s private marina and Lake Superior.

Owner Tom Baldwin put the monstrous retreat and its 12 outbuildings on the market about a year ago. But with a hefty price tag of $40 million, it didn’t sell. According to reports, the asking price has now dropped to less than half the original at $19.5 million. The only catch is that it now comes with 415 acres of land, which is far less than the 5,000 acres originally included with the property. The good news, though, is that it still includes more than a mile of Lake Superior waterfront.

The cabin was first owned by a man from Chicago named Louis Graveraet Kaufmann. Prior to its construction, which began in 1919, Kaufmann enlisted more than 20 architects to design the building, and had the pine logs its built with shipped from Oregon by train. Built to rival the “grand camps” of the Vanderbilts, Astors, and Rockefellers in upstate New York, hired builders worked for more than four years to finish the steel structure, which was embedded in a six-foot-thick cement foundation and wrapped in pine logs.

Once complete, the cabin was dubbed Granot Loma, which The Daily Mail states is a “random mix of letters from the names of Kaufmann’s first three children and wife.

According to reports, the cabin cost a total of $5 million to build, which is the equivalent of more than $60 million today. So if you look at it that way, the cabin and its 400-acres of property is a steal!