The McEnery Company was recently engaged to a private client to complete a real estate appraisal of The Sazerac House, prominently located at the corner of Canal Street and Magazine Street, for the purpose of property tax contestation. Our team successfully delivered a valuation that accurately reflected the property’s true fair market value, which resulted in a substantial reduction in the annual Ad Valorem Tax Liability. Originally constructed in 1852, the building underwent extensive renovations in 2016 to accommodate its current use as the Sazerac House—a state-of-the-art, multi-level museum, distillery, visitor center, event space, and office headquarters. Officially opened in 2019, the facility offers guests an immersive experience into the history of local cocktails and New Orleans’ rich cultural heritage. Given its historic significance, substantial size, high-end buildout, and prime location, the Sazerac House is widely considered a trophy asset within the city.
