62-Acre Swedish Village on Sale

Residence Christie’s International Real Estate has begun taking auction bids on the Swedish hamlet of Sätra Brunn, a sprawling village built around an underground spring as a wellness space daing back to the beginning of the 18th century. All 70 of its buildings, including historical residential spaces and more modern amenities, were available for a minimum bid of 70 million Swedish krona—just under $7.3 million USD. The listing attracted significant international interest from corporate bidders across Europe, Asia, and North America who are interested in preserving the space’s current commercial usage. Jonas Martinsson, partner at Residence Christie’s International Real Estate in Stockholm, told AD that the listing attracted more than 50 prospective clients, driving the bidding up to $7.5 million so far. While the period for submitting bids was slated to end on May 31, Martinsson notes that Christie’s is in the process of finalizing its timeline, with the ongoing pandemic possibly pushing back any official closing until August. Even if 2020 is an uncertain time for tourism, it’s clear from the bidding interest that Sätra Brunn was just too good to pass up.