Sally English Atlanta Real Estate: Tyler Perry Purchasing Dean Gardens Home in Johns Creek for $7.6 Million

The Atlanta Business Chronicle reports Tyler Perry is purchasing Dean Gardens, a huge estate in Johns Creek, for an estimated $7.6 Million dollars.  The troubled mansion has been on a market for years and was originally priced at $13.9 million.

Lesson for current home sellers: the market has lost a lot of value.  If you price high, you will continue to chase the market.

From the Atlanta Business Chronicle:

"Atlanta writer, actor and director Tyler Perry is buying Dean Gardens, according to sources familiar with the deal.

Dean Gardens sold Aug. 4 for about $7.6 million with $25,000 in closing costs. It had been on the market for $13.9 million.

The 32,000-square-foot Neo-Classical mansion was built in 1992 and stands at 5100 Old Alabama Road in one of the ritziest parts of the Atlanta suburbs.

The 58-acre estate, with 1,200 feet of Chattahoochee River frontage, is in the Johns Creek area of North Atlanta. The grounds include an 18-hole golf course, swimming pool, grass tennis court, croquet lawn, amphitheater, 3-acre stocked lake and formal gardens in French, Italian and Oriental styles.

Perry, perhaps best known as his character Medea Simmons, is also the creator of television shows Tyler Perry's House of Payne and Meet the Browns."

Lesson for current home purchasers: there are some amazing deals on the market right now

Tyler Perry built a lovely estate on West Paces Ferry road across from the Lovett School entrance.  The estate sits on a lot of acreage and overlooks the Chattahoochee river.  I think Mr. Perry has made some very astute real estate investments.  He has used the same good judgment he used in producing House of Payne in his approach to the real estate market.  Mr. Perry is a "contra" investor and makes decisions based on his own good judgment.  Following the crowd has never been a good idea.  Kudos to Tyler Perry.