A million dollar house is no longer considered “luxury”. There are beat up colonials going for that around here that will require additional millions to renovate. Newer turn key properties are going for 2 mil easily. Real estate is going crazy right now. Bidding wars are back.
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7 bedrooms
7.5 bath
10,300 sq ft
It is in Indiana—and in Carmel, there are only 4 on the market priced higher (as per zillow)...
https://nypost.com/2021/06/10/mike-pence-buys-1-9m-indiana-home-packed-with-amenities/
Not a luxury home??
ten thousand square feet is well above the “luxury” line unless you are talking about an empty steel building.
The condition is largely irrelevant to the question, you are either going to spend the money up front to purchase a livable house that large or spend it out back making it livable.