One of Atlanta’s largest and most talked about estates found a buyer in 2010, a deal that proved to be one of the biggest — and most unusual — for the residential real estate market.
The iconic Dean Gardens estate was sold on Aug. 4 for approximately $7.6 million, far less than the $40 million price tag hung on the home 17 years ago, but a key sale for a beleaguered sellers’ market.
Listing agent Suzanne Close and co-listing agent Jason Dean, of Atlanta Fine Homes Sotheby’s International Realty’s North Atlanta office, negotiated the transaction. For the scope, size and unusual nature of the deal, Dean Gardens is this year’s winner in the Residential category of the 2011 Best in Atlanta Real Estate Awards, given by the Atlanta Business Chronicle. Close sights that cooperation and collaboration with the buyer’s agent was immense in making this deal happen. They pulled together to do the work and research needed. Suzanne stated that she felt her client trusted her to work in his behalf.
The buyer of Dean Gardens reportedly plans on tearing down the existing house in order to build a new, environmentally friendly home on the property, along with transforming the golf course into an organic garden.
The property, which includes 1,200 feet of Chattahoochee River frontage, could qualify for as much as $10 million in tax breaks by setting up a conservation easement that bars development of the acre’s green spaces, this according to Suzanne Close, was one of the key elements that made this property attractive to the buyer.
Larry Deans, the former estate owner, built the house in 1992 with his former wife and spent over $25 million to construct the home and has put over $43 million into maintain it. Suzanne Close is a founding member of North Atlanta office of Atlanta Fine Homes Sotheby’s International Realty and is a Top Producing Agent as well as winner of the prestigious Phoenix Award .
To read the full article:The Atlanta Business Chronicle
Awesome post,thank you.