With the recent news of the famous Dean Gardens being sold after 15 years of offers & price adjustments – could it be true the new owners are going to demolish it? I would sure hope not, this Estate is #1 on my list and I dreamed of visiting it one day. The home is Atlanta’s most well known property and is a work of art, how could you even think of demolishing it?
Address: 5100 Old Alabama Rd, Johns Creek, GA 30022
Produced by Video Assets, Inc. Atlanta, Georgia
From WSJ Blogs:
‘“It’s not sad,” Mr. Dean says. “The operating expenses far exceeded my expectations. It was a beautiful place, but a very expensive place to run.” Mr. Dean has about 60 days to leave his home. He doesn’t know where he’ll go next. Still, “I’m ready to leave,” he says.’
‘Jason Dean, one of two listing agents on the property and the son of former property owners Larry Dean and former wife Lynda, confirmed his father will have two charity events at the home where “people can buy things from the inside of the house, including doors and fixtures.”
The younger Dean said he could not elaborate on the future of the property, because of a confidentiality agreement with the buyer. But he could talk about his father’s intentions.
“After those two events, he plans to auction off what is not sold,” he said. “He’s got 60 days to turn over the property.”
The home, off Old Alabama Road, sold in late July to an unnamed buyer at an undisclosed price, Atlanta Fine Homes Sotheby’s International Realty chief executive Jenny Pruitt said in a news release.
The asking price for the John’s Creek property, which includes an eight-bedroom pink mansion, 18-hole golf course and wedding chapel, was $13.9 million. That figure has ranged from $20 million to $40 million over the years.
The final sales price did eclipse the $10.5 million paid for the 4-acre estate at 3650 Tuxedo Road over a year ago, Pruitt said.
The Dean house, most recently assessed at $6.5 million, took more than four years to build. It was to be the dream home for the Deans, according to Jason Dean, who said his parents planned to live in the home and use it for charity fund-raisers. But they separated not long after the project was completed.’
“Don’t miss your chance to view this beautiful estate before it is torn down,” reads an announcement for a gala and estate sale posted on Facebook Wednesday. “Over $2 million in items and architecture to be sold.”
Some elaborate hoax – or is it actually going to happen??
For the last 15 years Dean Gardens has been the ‘Estate’ that people love to hate. Upon completion of this 30,000 Sq. Ft.+ mansion the couple who were building it went their separate ways and for the last 15 years it has been on and off the market. Ranging in price throughout the years from $20,000,000 to $40,000,000 (without sale) – this amazing grand estate is offered fully furnished for a mere $13,900,000 – less than half the $35,000,000 appraised value!
The main house is approx. 32,000 Square Feet while the attached carriage house with another 10,000 square feet, has twin two-bedroom apartments, an office and laundry plus parking for a dozen cars.
Other structures on the property include the estate manager’s cottage, the greens keeper’s cottage, a conservatory, an amphitheater, a wedding chapel on the man-made lake, and several outbuildings including an Italian pavilion at the west end of the Italian Gardens. Extensive formal gardens and an 18-hole par 72 golf course complete the estate.