New party spot: foreclosed McMansions

Curbed National hints at a new possibility: foreclosed McMansions could become party spots for teenagers.

Certain youngsters in certain parts of the country have turned their attention to foreclosed McMansions, which prove better accommodations than, say, dorm rooms and are generally really great places to throw parties. This is kind of on par with that burgeoning trend, except the mansion in question here is not foreclosed, nor is deserve the preface “Mc”: recently more than 100 local teenagers threw a raging party at the Marin County home of imprisoned former Ukrainian Prime Minister Pavlo Lazarenko, trashing the place and making off with silver candlesticks, leather coats, laptop computers, and a Pablo Picasso lithograph worth $30K. Apparently police were called to the sprawling home as early as 10 p.m. on the night of the festivities, despite its remote location down a private lane, at which point attendees scattered into the surrounding countryside. The nine-bedroom, 19,500-square-foot house, where Eddie Murphy once stayed during filming, belongs to an LLC tied to the disgraced former Ukrainian P.M., who is currently imprisoned in Marin while seeking asylum to avoid money laundering. That left the place wide open for the party of the century.

Is the Picasso the party favor? Here are a few more details on the story:

The caretaker, who has not been identified, returned a day later to discover three teens, including two boys and a girl in the backyard, Riddell said. The three fled, and the caretaker discovered that a glass coffee table in the house was broken and a fire extinguisher was inside.

The nine-bedroom, 19,500-square-foot house was acquired by Dugsbery Inc. a Novato entity prosecutors have linked to Lazarenko in 1998, just months before the former head of state was arrested in Switzerland on suspicion of money laundering.

Two quick points. First, I don’t envy the task of lending institutions, municipalities, and homeowners in trying to keep foreclosed and/or abandoned homes secure. However, it seems like some low-level security, such as a home security system or occasional checking-in, would help in avoiding these situations which could get out-of-hand or even dangerous. Second, this is a mansion at 19,500 square feet, not a McMansion.

But perhaps the occasional teen party is better than finding that a squatter has claimed the McMansion through “adverse possession”

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