From The Wall Street Journal

3639 Tuxedo Road NW
3639 Tuxedo Road NW

Home Depot co-founder Arthur Blank has dropped the price of his Atlanta home, above, to $4.9 million, 55% off his original $10.9 million asking price three years ago.

Mr. Blank, who also owns the NFL’s Atlanta Falcons, bought the house in 1993 for $3.4 million. The seven-bedroom, white home has several terraces and sits on 4.2 acres in the Tuxedo Park area of Buckhead. The property has a pool and extensive gardens with a waterfall and a lake. Mr. Blank and his wife, Stephanie, moved nearby for what a spokeswoman has said was the chance to renovate a historic home and to be within walking distance of shops and their children’s school.

Betsy Akers of Atlanta Fine Homes, a Sotheby’s International Realty affiliate, has the listing. “This is priced at land value and you get the house for free,” she said.

Betsy Akers, Buckhead Office, REALTOR®
Betsy Akers, Buckhead Office, REALTOR®

Betsy Akers
(404)372-8144
(404)835-9600

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