A mansion which was hailed as Scotland 's most expensive new home and advertised for £8million has been sold for less than £1million . Prospective buyers were told The Whitehouse at Gleneagles in Perthshire was a bargain despite the massive asking price when it was put on the market three years ago . The luxury home in an exclusive gated communities within the grounds of the Gleneagles Hotel and Golf Resort was described as a 'Great Gatsby-style ' mansion with a blend of Georgian and Art Deco styles . The five-bedroom Whitehouse ( pictured ) was billed as 'Scotland 's most expensive new home ' and advertised at £8million ( artist 's impression ) When building of the luxury home stalled after a buyer could not be found , the house sold for a knockdown price of just £861,888 . The 13,000sq ft mansion was planned to come complete with its own swimming pool , orangery , soundproofed cinema , three-car garage and more than half an acre of garden . It was marketed to rich foreign golf fans but failed to attract a buyer and development work on it stalled before it was repossessed by a bank in 2013 . Property records show it has now been sold to a local businessman for a knockdown price of £861,888 . Part of the package includes free membership of the Gleneagles resort for two years , including golf and use of the luxury facilities . The five-bedroom luxury home was set to feature a s wimming pool , orangery and soundproofed cinema - but has yet to be completed . Property records show the Whitehouse has now been sold to a local businessman for a knockdown price of just £861,888 . The mansion is in the grounds of the world famous Gleneagles Hotel and Resort which boasts three championship golf courses . The house was expected to be ready for occupation ahead of the 2014 staging of the Ryder Cup match between Europe and the USA at Gleneagles . But as it was never completed last year estate agents Savills slashed the price to offers over £750,000 - one of the biggest price reductions in Scottish property history . When it was first advertised John Coleman , a partner with selling agents Smiths Gore , said despite the property 's daunting price tag there should be no problem in attracting potential buyers across the globe . He said at the time : 'Not only is it architecturally stunning with state-of-the-art finishes and is a golf lover 's dream , but at £500 per square foot it is a relative bargain , compared to other luxury properties worldwide which go for ten times that . 'In Hong Kong , the average price of luxury property is almost £7,000 per sq ft and in Mayfair in London sales are achieving £5,500 per sq ft. 'We are looking at people who want to buy something special at a golf hotel resort . 'Everything will be top spec . This is about buying the very best of what Scotland has to offer on the very best golf resort . We think , in world terms , this is good value for money . ' The Whitehouse was the most expensive of the 14 homes planned to be built on Queen 's Crescent - an exclusive gated community within the Gleneagles resort . Each of the plots was sold off for around £1m by the hotel owners . The house was meant to be ready for occupation ahead of the 2014 Ryder Cup match between Europe and the USA at Gleneagles . The world-famous hotel in Scotland has three championship courses , the King 's Course , the Queen 's Course and the Centenary Course as well as the nine hole 'Wee Course ' . When it was opened in 1924 , Gleneagles was described as ' a Riviera in the Highlands ' and 'the eighth wonder of the world ' . It most recently hosted the 2014 Ryder Cup which saw Team Europe beat Team USA 16½ to 11½ to complete a hat-trick of successive wins in the tournament . The hotel was built by the former Caledonian Railway Company , with its own railway station just minutes away , and is now owned by Diageo plc . In 1919 The King 's and Queen 's courses opened on the same day , but The King 's but was only nine holes until it was completed as a full 18 in 1925 . When the Second World War broke out in 1939 the hotel closed and became a military hospital and then a miners ' rehabilitation centre . It reopened as a hotel in May 1947 . In 1993 the PGA Centenary Course , created by Jack Nicklaus , opened to complement the renowned King 's and Queen 's courses and form one of the world 's finest golfing venues . The house was supposed to be ready for occupation ahead of the 2014 staging of the Ryder Cup match between Europe and the USA .
The Whitehouse at Gleneagles was billed as 'Scotland 's most expensive new home ' and advertised at £8million . The five-bedroom luxury home was set to feature a swimming pool , orangery and soundproofed cinema . But the project has been dogged by controversy since it first emerged in 2014 that the house would be built on land owned by the Duke of Buccleuch - who is worth an estimated £1billion ft mansion was never completed as a buyer was not found and it was repossessed by a bank . Now the incomplete mansion has been sold for a knockdown price of just £861,888 to a local businessman . Package includes free membership to the Gleneagles resort for two years including golf and use of luxury facilities .