Polo Billionaire Buys $25M Atlanta Estate for $9.8M (PHOTOS)

Polo Billionaire Buys $25M Atlanta Estate for $9.8M

SOLD | Built 2008 | 33,000 Sq. Ft. | 9 Beds | 17 Baths | 2.05 Acres
490 W Paces Ferry Road NW, Atlanta, Georgia, United States, 30305

After sitting on the market for a decade for as much as $25 million, one of Atlanta’s landmark properties has secured a billionaire buyer for the sum of $9.8 million. Major League Polo’s founder, Kimberly Casey Carr, originally headquartered out of New York, purchased the property with intentions to use it for future corporate entertaining. Ms. Carr reached out to Pricey Pads early this morning to share the great news. “This intriguing Atlanta residence with its grand theater and extensive rows of seating is the perfect site for previewing our Palm Beach International Film Festival submissions as well as for hosting cocktail parties and screening events for our film festival sponsors, directors, producers and actors.” Ms. Carr serves as the new Board Chair for the 23rd Annual Palm Beach International Film Festival which will be relaunching in Spring 2021. 

Ms. Carr previously owned a record label which featured MTV’s Jon Brennan and has teenage sons following in her same entertainment paths, so it stands to reason that the recording studio was a very marketable feature of the home’s appeal for her family and related businesses. “We’ll be updating the recording studio and vocal booth with cutting edge technology. It will be an incredible place to host Atlanta music collaborations where local artists can record and simultaneously livestream their music as it’s being created live to fans.” Ms. Carr’s focus over the years has been consistently on sports, film, technology and entertainment, a great combination of usages for the grand residence.

The 33,000 square foot residence was built in 2008 for Lee Najjar, an Atlanta real estate investor, who tried to unload it just a year after construction finished. Sitting on one of the most prestigious streets in Buckhead, the 2.05 acre estate comes complete with a resort-style courtyard swimming pool and extensive outdoor entertaining areas. Designed for large scale entertaining, the home features a lavish ballroom, cigar room, home theatre, 2 gyms, 7 kitchens, 19 fireplaces and a recording studio. The home is also fitted with a complete wellness centre including a nail & hair salon. There are 9 bedrooms and 17 bathrooms throughout. The residence has been popular in the film industry, you may recognize it from films such as Zombieland and The Three Stooges, or in television on shows such as Million Dollar Rooms and Teen Cribs. The property was offered fully furnished. Barry Milam of Golden Eagle Realty, Inc. handled the sale.


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