Gene Hackman's estate may fetch millions amid privacy concerns
- The Hackman estate in Santa Fe spans 12 acres and includes two homes.
- Valuation estimates range from $3.8 million to $5 million due to its Hollywood connections.
- Despite recent issues with pests and the couple's deaths, the property remains appealing to buyers.
In Santa Fe, New Mexico, the large estate previously owned by the late actor Gene Hackman and his wife, Betsy Arakawa, is rumored to be worth millions. The couple's 12-acre property, which has been in Hackman's possession since the 1980s, includes two homes: one that existed at the time of purchase and another built approximately 25 years ago. Property valuation experts estimate the value of this estate between $3.8 million and $4.5 million, with many reports indicating a possible listing price of around $4 million. The estate’s ties to a Hollywood icon may significantly influence prospective buyers, potentially enhancing its market appeal despite its recent history involving the couple's tragic deaths. Betsy Arakawa passed away from hantavirus pulmonary syndrome, while Hackman died from hypertensive atherosclerosis cardiovascular disease, compounded by Alzheimer’s disease. Their unexpected deaths generated media attention and concern about the estate's sellability in the wake of recent findings of rodent infestation on the property. According to the New Mexico Department of Public Health, an inspection revealed the presence of dead rodents and nests in several outbuildings. Despite these adverse conditions, real estate experts opine that the property’s association with Hackman could overshadow the negative aspects, preventing any major impact on its selling price. Recent housing market analysis revealed that the median price for homes in the area was approximately $893,000, with a median listing price per square foot of $528, reinforcing predictions of a selling price around $4 million for Hackman's estate. Comparatively, properties in close proximity to the Hackman house, including a nearly 11,500-square-foot home on a separate 3.41-acre lot, have been listed as high as $7.5 million, showing a robust real estate climate in the region. With the history of renovations and American celebrity ties, the property might attract buyers seeking luxury and exclusivity.