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
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