Megamansion takes 17 years to sell in Johns Creek

What took 4 years and $25 million to complete, has finally sold after 17 years on the market. Larry Dean and his first wife Lynda (who divorced shortly after completion) moved into the mansion in Johns Creek in 1992. Their dream was to raise their four children in an atmosphere like “Dynasty,” and then leave the 58-acre estate, with its 18-hole golf course, wedding chapel, band shell and formal gardens to a foundation that would open it to the public for charity events. But after the divorce in 1993, the mansion went on the market - and stayed there.

Mr Dean has confirmed that Michael Jackson wanted the place in 1994 as a surprise for his fiancée, Lisa Marie Presley. But when the media reported his plan and ruined the surprise, he did not sign the contract. Mr. Dean would not say how much Mr. Jackson was going to pay, but the home was on the market for $40 million.

The state has finally sold — for $7.6 million. The buyer, entertainment mogul Tyler Perry, said he plans to demolish it and build his own home, one that is environmentally friendly. I guess the land is probably worth more than the building at this point.

The sales price is the highest in Atlanta this year but well below the $11 million high of last year.

The tale is so sad since the entire family was affected by the circumstances and leads me to think that more is SO not more in some cases.