Dean Gardens was a modern neo-classical estate built by Larry & Lynda Dean in the early 90s. Construction costs exceeded $25 million, lasted nearly 4 years and was finished in 1992. The main house was approximately 32,000 square feet on 3 levels, with an additional 10,000 square feet above the 12 car garage in twin two-bedroom apartments, an office and laundry room. The home sat on 60 manicured acres with direct frontage on the Chattahoochee River. The grounds included an estate manager’s cottage, the greens keeper’s cottage, a conservatory, an amphitheatre & a wedding chapel on the man-made 2 acre lake. The home also featured it own, private 18-hole par 72 golf course and extensive formal gardens including French & Italian. The Deans separated shortly after the home was completed and it was put on the market for $40 million. After sitting on the market for nearly 17 years and numerous price reductions, entertainer/actor Tyler Perry purchased the estate in August 2010 for $7.6 million. The interiors of the home were completely gutted in September/October of 2010 and has sat empty since. Tyler Perry’s original plans were to tear down the structure to build a new, eco-friendly mansion.
Original List Price: $40,000,000
Cost to Build: $25,000,000
Sale Price: $7,600,000
Reason for Demolition: Unique Style, Cost of Upkeep ($1,000,000/Year)
Location: 5100 Old Alabama Road, Johns Creek, Georgia, United States
The Great Gatsby Mansion
Built in 1902 by famed architect Stanford White for journalist Herbert Bayard Swope who was one of the first recipients of the Pulitzer Prize. Many F. Scott Fitzgerald scholars believe the 1902 structure was the inspiration for Daisy Buchanan’s house in The Great Gatsby, however, there is nothing written in stone to back this up. In the 1980′s, Lands End was purchased by Charles Shipman Payson and Virginia Kraft Payson. In 2001, Virginia, then widowed, tried to sell the Estate for $50 Million. With no luck the price was cut in half and later sent to the auction block. It’s current owner, David Brodsky, bought the property for $17.5 Million in 2004 and made sure it could be subdivided before signing the papers. David let the property sit for years without upkeep until it was falling apart. The mansion was demolished in April 2011.
Original List Price: $50,000,000
Cost to Build: Unknown
Sale Price: $17,500,000
Reason for Demolition: To Redevelop Land, Owner let it dilapidate.
Location: Sands Point, New York, United States
North Palm Beach Mansion
Built in 1934, this 9,000 square foot home offered 6 bedrooms & 8 bathrooms on a stunning waterfront lot in Palm Beach, Florida. Tiger Wood’s ex-wife Elin Nordegren purchased the property back in March 2011 before having it demolished in early 2012. Construction on a new family home, similar in design is well underway. Elin’s builder insisted the previous home didn’t meet code provisions to withstand hurricanes, and was infested with termites. Elin brought in Habitat for Humanity to salvage anything they could including a concrete fountain, 14 feet in diameter, which features water coming out of three lions’ mouths. Habitat workers also removed cabinets, brick driveway pavers, five sub-zero refrigerators, chandeliers, 14 vanities, controlled-temperature wine coolers called EuroCaves, as well as dozens of doors and one gas range.
Original List Price: Unknown
Cost to Build: Unknown
Sale Price: $12,300,000
Reason for Demolition: Infested with Termites, To Build New Estate.
Location: North Palm Beach, Florida, United States