This $10.9m Gothic mansion comes with its own blood-red pool

Would you swim in it?

“It’s a truly unprecedented market in a lot of ways,” Whitney Airgood-Obrycki, a senior research associate at the Harvard housing center, told Reuters.The Federal Reserve Bank of Atlanta officially named Georgia’s capital city “unaffordable” earlier in the year, but that was only the beginning of local market woes.In late November, mortgage rates closed in on 7% — a level realtor.com reported has not been seen in 20 years. .According to realtor.com, home prices are beginning to fall and are expected to drop far more still due to the rising mortgage rates.A modern Atlanta household needs to earn $116,890 a year before taxes to afford a median-priced home.

Luxury homes are all over the market. From extravagant lakeside getaways to sprawling vineyards, there are a lot to choose from. For something Victorian, Gothic and a little spooky, buyers need only visit 357 Lorraine Blvd, Los Angeles, California.

With 8 bedrooms and 7.5 bathrooms, the Isaac Newton Van Nuys-crafted 12,565-square-foot estate is full of evocative woodwork and stunning interior design. Built in the 1890′s, according to the Realtor.com listing, the mansion is a wonder to behold in its own right. The real head turner of the estate, however, is the pool. Enormous and blood red, it’s a peculiar sight.

“This historic property has recently undergone a meticulous restoration,” the listing said. “Built in the 1890′s by Isaac Newton Van Nuys, this 3-story Victorian was moved to its current location in Windsor Square by his son J. Benton Van Nuys in 1915. The luxurious main residence offers 8 Bedrooms and 7.5 baths. The 2 bedroom 1 bath carriage house is located above the spacious garage. A car turntable is set into the driveway.

“Ornate iron gates and tall hedges surround and privatize the property, providing an escape from the bustling city. A labyrinthine landscape frames the stunning path to the main entry. The traditional floor plan offers a grand salon that seamlessly flows to the library/den and formal living room/sitting room.”

Listed at $10,950,000, the California estate comes equipped with a number of opulent amenities.

“The dining room is lined with linen-fold paneling & leaded, stained glass windows and is connected to the chef-quality kitchen, which has been fully renovated in keeping with the home’s original style,” the listing said. “A chef’s garden sits just outside. The hidden bar with hand carved walls has a secret door leading to the show-stopping in-ground pool and spa with both covered and sun drenched seating areas. There are 5 bedrooms on the second floor with multiple suites and sizable custom closets.

“The upper level provides 3 additional bedrooms, 2 baths, and an especially unique living space that doubles as an automated theater with surround sound, a stage with original footlights, a dramatic turret side room & bar. The systems throughout have been thoroughly replaced and/or updated including multi-zone HVAC. This estate’s grand-scale and handcrafted details lend a magical quality to this timeless piece of art. Rich in history and reconditioned with great care, this is a rare opportunity to own one of the finest estates in Los Angeles.”

Listing by Jamie Blake Sher with The Sher Group