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
  • 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......
  • houseReal Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good......
  • Bubble burstsHow to Spot an Investment Bubble Did your investments get slammed because you bought at the top of the market only to curse them all the way down? Were you feeling anxiety because you listened to friends talk about flipping condos for a quick profit and felt like you were going to be left out?  Did......
  • blog traffic exchangeHousing Update From WSJ Todays WSJ had a decent article on housing, 'Housing Glut Gives Buyers Upper Hand'. Seems like certain parts of the country are in for a bumpy ride. Here are some excerpts.*A quarterly survey of housing conditions in 28 major metropolitan areas by The Wall Street Journal showed that the inventory......
  • 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.