Over 14,700 Square Feet & You won't believe how much his electric bill is each month!!

Anyone that has been in Cool Springs TN lately, has most likely seen Dave Ramsey’s new house. The ‘pay with cash’ financial guru, radio host, bestselling author and founder of Financial Peace University has constructed a palatial home next door to Lee Ann Rimes house on King Richard’s Court in the Cool Springs Franklin area.

If you’re not familiar with Dave Ramsey (in other words from another planet), his basic mantra is don’t use credit cards, don’t spend money you don’t have, save and always pay with cash. Sounds like good advice. Dave Ramsey has made a good living from his financial “get out of debt” books, cds, events and radio program. Dave Ramsey’s main book and New York Times best seller is “The Total Money Makeover”.

Most people have seen Dave Ramsey’s home in Cool Springs from the distance although they may not have known it is his. The house looks like a snow capped mountain but instead of snow, the mountain top is covered by Dave Ramsey’s home. It is fairly majestic to say the least.

Over time we’ve had several readers ask about the palace Dave Ramsey recently built at 513 King Richard’s Court in Franklin. It wasn’t until just recently that we had the opportunity to tour the neighborhood and see Dave’s new pad, albeit from the outside. Coincidentally a few days later, we ran across someone in the construction business, who had worked on Dave Ramsey’s new home. He shared some information about the inside, but unfortunately we do not have pictures.

The land at King Richard’s Court Franklin TN 37067 was purchased for $1,552,000 by Dave Ramsey on April 2, 2008. For the tax year 2008 (before the home was constructed) annual taxes were just $4,938. For the year 2010, the land market value is $750,000 and the improvement value is $4,159,200 for a combined total market appraisal of $4,909,200.

With financial guru Dave Ramsey’s home having a total tax appraisal roughly double that of Lee Ann Rimes next door, we estimate the retail value of Dave’s house to be around $9-$10 million.

Dave Ramsey

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