The Old Tabby Links is one of the most handsome courses in the southeast. Former B of A CEO Ken Lewis is selling his vacation home nearby in the Spring Island, SC, community.
A lot has happened in the housing market, as well as the financial markets, since former Bank of America CEO Ken Lewis purchased one of the premiere homes inside the enclave of Spring Island, SC. According to the Wall Street Journal, Lewis and his wife, who are also shedding their primary home in Charlotte, purchased the Spring Island house in 2002 in partnership with another couple.
The current asking price of $2.995 million is roughly what the Lewises and their friends paid eight years ago, before the housing crisis, another reminder that no matter what happens to their customers or shareowners, or what decisions they make (Lewis engineered the purchase of Merrill Lynch), top bankers always seem to make out considerably better than the rest of us.
The home for sale by Ken Lewis (top) is not the best situated home on Spring Island. That distinction may go to the homes that have views of the 17th hole and an adjacent wildlife pond.