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.
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- Atlanta’s Pink Elephant Finally Sells, $25 Million Off (blogs.wsj.com)