Real People Making Real Money in Real Estate

Real Estate Windfall

August 6th, 2010 at 8:20 pm

Dean Gardens, Atlanta's Pink Elephant Mansion Finally Sells: 15 Years On the Market

Dean Gardens, Atlanta's pink elephant mansion has finally sold after being on the market for a whooping fifteen years.

The Pepto Bismal Pink colored manse sold finally with a $25 million price slash.  The house will be demolished soon.

It's 32,000 square feet of, well, unique decorating. The nursery  actually looks somewhat sinister to me.  Kind of reminds me of an old department store here in Nashville where they had carousel horses floating all over the place.

Reasons for selling?

"The operating expenses far exceeded my expectations," says home seller Larry Dean.

Yep, some real estate investments are like that.

Read more about Atlanta's Pink Elephant 

Enhanced by Zemanta

Popularity: 4% [?]

Be Sociable, Share!
Blog Traffic Exchange Related Websites
  • blog traffic exchangeReal Estate Forecast 2009 As a member of the school's Real Estate Club, I got a pretty interesting update on the real estate forecast for 2009. This is just the summary. The whole article was signficantly bigger. A lot of it is obvious, but it's still a good comprehensive list. Serious dislocation has resulted......
  • blog traffic exchangeWhy Real Estate Investors Should Buy Gold & Silver Real Estate Investing is the ultimate investment for passive income, without question, but only at the right time, during the right cycles!  I have been investing in Real Estate for over 5 years and have learned that there are smarter ways to capitalize on Real Estate other than the obvious!......
  • LaSalle MansionUsing A Real Estate Broker? This is a Money Mavens Network post, the first of many to come. This time, a number of the Mavens will be writing on the topic of using a Real Estate broker to sell your house. (We've not seen each others' posts before publishing, so any similarities are purely from......
  • stocksvsrealestate.pngStocks vs. Real Estate May's Money Magazine tries to answer the Stocks vs. Real Estate question (see page 94). I had thought that real estate was going to come out the big winner. I know that real estate has been really popular of late, but I had it as the favorite due to the......
  • real-estateHow to Get Out of Trouble in the Real Estate Market If you invested in the real estate market recently and are now regretting that decision, there are a few ways that you can get out of financial trouble. For awhile, the real estate market was very solid and property values were going up. Many experts advised investing heavily in real......

You must be logged in to post a comment.