The asking price of the 47,000 square foot Le Reve estate has been lowered to just $18,000,000. The mega-mansion, which is located  at 2015 Trammel Road in Cumming, GA, was recently on the market for $21 million and $28 million before that. The home was originally on the market for a whopping $45,000,000 back in 2008. At a cost of $50 million to build, I’d say that the home is pretty much a bargain at this point, even though the location isn’t ideal. What do you guys think about the price drop?

CLICK HERE FOR THE LISTING

  • Marie

    I think they desperately want to sell it, the upkeep must be murder.




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  • Kieran

    I would consider living there for that much. Surely petty cash to a Billionaire, could enjoy a few weekends there…




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  • Kieran

    I would consider living there for that much. Surely petty cash to a Billionaire, could enjoy a few weekends there …..




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  • Nalin

    very few people want a 47,000 sq ft house to begin with. even less want a 47,000 sq ft house in a bad location.

    Anybody with $18,000,000 would prefer a much smaller house in a far better location.




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  • Daniel

    I agree. Not only is the house too huge for most to find comfortable, its location doesn’t help it out. If it sells, I see it going for under $10 million. It really is a shame that the materials and craftsmanship used to built the house have been pretty much wasted.

    Dear millionaires/billionaires who want to build a home of this size and scale:

    Choose from the following list of places in the U.S. Have fun!

    Palm Beach
    Beverly Hills
    Aspen
    The Hamptons
    Greenwich
    Newport (although not the gem it was a century ago, a home of this size would not be out of place)

    Anywhere else, and you are really taking a risk with the location. Obviously the suburbs of some those communities are equally acceptable, but that is about it.




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  • mattc

    C’Mon guys…you’ve got to admit that this is one spectacular home, no matter the location. A bit fancy for sure but few homes built in the past 25 years match this one for quality and design. Just look at the grounds and landscaping…quite amazing !
    BTW, does anyone know who owns this place and what the deal is with why they are selling it?




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    • Stewie

      It’s owned by Hubert Humphrey, but I don’t know why he is selling. Yes, the home is beautiful, but the location is terrible. This home should have been built in the Buckhead area, that would have been fitting. But Cumming? If you look at the home on a map you can see it’s a long way away from Atlanta, and the home sits next to a trailer park too!




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      • mattc

        Just looked it up. You are right it’s is a wierd location. Noticed the home was built in 2005. Ever wondered why all these huge homes get built and then just a few years later the people sell them at a gigantic loss? So many of the homes on Kenny’s website have the same story. Guy gets rich. Builds monument to himself in hometown. Lives there a couple of years. Realizes the maintenance and upkeep are too much. Sells home for 1/2 of initial investment.
        Wierd thing is these are really smart folks to have made their fortunes but they all seem to fall for the big mega mansion trap and lose their shirt.




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        • KEV

          This Humphrey guy was in a pyramid/subprime mortgage business, and when the market blew up in 2007-2008, his net worth went with it. I agree with the upkeep cost being a problem, but in this case, that’s the least of his worries. LOTS of people that make tons on money are as much lucky as smart, mainly being in the right place at the right time, which explains some of their choices in homes and other wild expenditures.




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    • corzetta

      I think everyone agrees that this home is just as fabulous as candy spelling’s home but the location isn’t it.




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  • corzetta

    I agree with everyone else who is saying that this is home is in a bad location which is what is preventing the sell. Put this same hime in somewhere like palm beach florida it probably would have sold in no time.




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  • KEV
  • Swimmer

    Beautiful home, great price, terrible location… I think it will sell eventually.




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  • Al Robinson

    I think the other reason the Humphreys picked this spot is because it was where the land is (which is obvious), but what I mean is that he could’ve bought any plot of land, but he probably liked this spot. I have to imagine it was cheap because it’s in Cumming, GA. I agree about how silly it is to build a mega-estate across from a trailer park, but that was beyond the Humphrey’s control.




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  • Chris

    if it was built in buckhead, it would have sold long ago and at a much higher price than $45 mill. But out in Cumming? Nope.




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  • LE

    Being in Cumming GA is only part of the problem. I think the house itself is far too close to the road. It should have been built further back like where the tennis court is located or near the top of the hill where that small structure is located and then have a nice long driveway leading to the house with a little more privacy. I think he and his wife are living in one of those trailers because if you look close enough thru Bing maps I think I see a Bentley parked next to one of them…kidding.




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    • Carrie

      LE that is funny! LOl!




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  • Marcus

    I think one reason so many of these 40,000 sq ft homes are put up for sell so soon after they are built, is that many of the owners just do not understand how huge a 40,000 sq ft home really is. I have been in some 20,000 sq ft homes and they are beautiful and fun to look at – but I would not want to live in one day to day.




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  • CincyRob

    Upkeep truly kills all mega homes. But I guess you get what you pay for. Kinda like Updown Court and and the other Mega Mansions. SMH. What a loss.




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  • Brijbhushan Bhattadri

    Let’s be more practical on the location – it would probably be ideal to locate the house and grounds in Manhattan but you would need a significant portion of the Chinese government’s $ 2 trillion plus to achieve this. The house is nicely built and it is a large property at a distance from Atlanta hat makes it viable. Unfortunately, the economy has taken a difficult turn. I wouldn’t be surprised if this meets Dean Gardens’ fate. At the same time, if that is what happens to this house, too, it would be sad.




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  • Kyle

    I have seen some of the interior pics of this home, I did not much care for it.




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    • Kyle

      Okay scratch that, right after typing the above, I realized Kenny had left a link on the site’s listing which probably included interior pics, which it does 😀 I would have to say that I am actually AM impressed with some of the rooms of this home, although they are not my particular style, but the craftsmanship looks there, in a way that was not revealed in previous sets of pics of the home’s interior. The SCALE though sure if huge! This is the kind of home you want maybe if you have five girlfriends with three kids each or something 😀




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  • Ron

    The bank has owned this monstrosity for over a year now. If you check the court records Mr Humphrey was forced to do a “deed in lieu of foreclosure” and even lost the furniture and his personal belongings to the bank. It appears he is dead broke and has lost everything.




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  • Carrie

    Out side of being to far from Atlanta what is wrong with cumming?




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  • Maxine R

    Can the land be subdivided and or the home moved to a more desirable location?




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