Atlanta uber celebrity Tyler Perry put his suburban Atlanta mansion on the market. The palace, aptly named Avec Chateau is a sprawling estate located in Fairburn, GA. The selling price is $3,695,000.00 for anyone interested. Many of you will remember the property from Mr. Perry's feature film "Diary of a Mad Black Woman".
Even though the decor is too pretentious for my taste, I can appreciate the statement it made: I have arrived! The Chateau measures 17,252 square feet, includes 6 bedrooms and 6.5 bath ( the master suite is 4,000 square feet, thank you very much) and sits on an 11.4 acre parcel purchased in 2001 for $62,661 .
However, with constructions cost in GA averaging $150/sq ft for luxury homes, we can assume that construction alone topped $ 2.5 million. Add up all the upgrades and furnishing, and Mr. Perry is bound to make less than a million in profits.
Problem is, property records show that the estate is surrounded by much more modest homes. Not a good look for resale value as people with that much money typically want to live near their peers. Lesson to all: think about the neighborhood when building such behemoths!!!
Fortunately for Mr. Perry, Evander Hollyfield $10 million+ mansion is not too far away.
More pictures of the house here!!!
And don't cry for Tyler Perry. He is building a bigger hotel size mansion (30,000+ sq ft) that can be seen here.
