Tyler Perry Purchases $40 Million Atlanta Area Mansion for $7.6 Million

Tyler Perry purchased Pink Elephant in Johns Creek.  He plans to demolish and rebuild."How'd You Get So Rich"

Larry Dean Built a $32,000 square foot mega mansion for $40 million in the early 90's. After overspending on the house, and getting a divorce (followed by three more divorces), he ran out of cash that he had made in the software business. Mr. Dean put the home up for sale in 1994, and there is sat, feeling like a prisoner of his own success. The house did not sell through the 1996 Olympics house buying frenzy. The house did not sell during the real-estate boom... or bust. There was however, a reported bite from Michael Jackson that never went through. You may have seen this home in on Joan River's TV show, where his fortune is claimed to be built out of sausage and bacon... perhaps he did that after making his first fortune in software?

The house was clearly one of those creations that only a mother could love. Built to "glorify God", the mega-mansion has 15 bedrooms, 24-karat gold sinks, and a Moroccan theater... and it's pink. Tropical neoclassicism, a 1950's dance hall, and an Alice in Wonderland themed bedroom clearly doesn't appeal to the masses. But it did appeal to Tyler Perry who was more interested in the land it sat on than the house itself. He got it for a cool $7.6 million and plans to level it and build his own mansion.

Less than a year ago, Perry put his own one-of-a-kind mansion up for sale for $3,695,000. His former home boasts $17,252 square feet and has 6 bedrooms and 6.5 baths. Hopefully all will go well for him because his last Atlanta Area home building project had major issues that probably spurred his reason to purchase and build again so soon.

In 2005, Tyler Perry purchased property from an estate in a settlement against an elderly Atlanta businessman and lawyer, who did everything in his power to win the property back. Mr. Moreton Rolleston, who is also a former segrationist, also sought damages from Perry for tearing down his former home to make room for the mansion. Mr. Rolleston was finally disbarred in 2007 when Tyler Perry fought back. There is no further information on the Buckhead home that was in construction at the time.

As Mr. Perry is purchasing his current property in John's Creek, Ga., free and clear from the relieved owner, there should be no interruptions, summonses, and lawsuits harshing the mellow on Tyler Perry's housebuilding process.


1 comment:

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