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Home prices may be rising elsewhere in the Boston area, but not it seems in the mega-mansion category.
Bids for the 28-room Wayland estate of developer Roy MacDowell Jr. only reached $5.6 million on Friday, short of the $8.3 million needed to satisfy a debt he owed to Suffolk Construction chief John Fish.
After a handful of bids, the house reverted to the lender, Fish’s Waltham Road Realty, LLC. Fish forced the auction in an effort to recoup the money he had loaned MacDowell, a man he has called a friend in news reports. Fish declined to comment.
MacDowell, who took a financial hit in the real-estate crash and defaulted on several loans, has been trying to sell the property since 2011.