The lavish Le Reve estate is now bank owned and under foreclosure. At a whopping $50 million cost to build, the estate is on the market for just $18,000,000. The 40,000+ square foot estate is located in Cumming, GA and boasts 7 bedrooms and 14.5 bathrooms. It is being sold fully furnished.

CLICK HERE FOR THE LISTING

  • Venom

    Stunning home, worth every penny.
    Worth double the asking price to be honest.
    That movie theater is just amazing.
    I can’t believe that Tyler Perry has not bought this seeing as he is obsessed with mansions and this is about as good as it gets.




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  • Lane

    Yea but having three in the Atlanta area doesn’t really make sense.

    I’m not sure why he even bought Dean Gardens because he already has a 40,000 sq ft home in Atlanta.




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  • Cole@LavishProperty

    Here are my feelings about Le Reve – It’s a beautiful estate, great price, and has everything I could ever ask for. But the problem is the location. If it were in Buckhead, it would have already sold. (but it’s kinda hard to find that much land in Buckhead) Cumming? No thanks.




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  • Stephen

    This is really something, not crazy about the foyer, looks like a small tacky las vegas hotel foyer but the facade, setting and theater are out of this world (not knowing the Atlanta area however not sure if its considered to be in a “premiere spot” and we all know its location location location




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  • Kyle

    It may cost $18 million now, but i wonder what the upkeep is each year (taxes, utilities, etc…)?




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  • Daniel

    Only a matter of time before the bulldozers start rolling in…




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  • Siobhan

    Hard to believe this is a private residence. Do we assume all the furnishings and decor come with the sale of the property? (Seems that way.)

    This is currently by far my favorite style of home footprint with the symmetrical wings splayed on angles and a large motorcourt partially or entirely hidden along the side of the property.

    I always wonder if homeowners with elaborate private workout facilities like this also take spinning classes at the local Y.

    One last thing. Does anyone else like to play the “Estimate my Monthly Payments” game on the realtor.com site for properties like this? No? Just me? Ok, then….




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    • Kenny Forder

      Yes, I love to play the “Estimate my Monthly Payments” game on the Realtor.com LOL. I definitely get a kick out of seeing the insane monthly payments.




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    • Venom

      Siobhan,

      Yes, most people with gyms in their homes still go to the local gym. lol
      My buddy has a gorgeous gym with $50,000 in professional equipment and he still goes to the gym because he does not want to work out alone.
      The hot girls working out at the gym are probably the most important reason why you don’t want to work out alone at home.




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      • Daniel

        That’s so funny, yet in some ways a bit sad. If I had the money and space to afford a personal gym, I’d use it instead of going to the public gym. As for the hot girl(s), could he just hire a VERY personal trainer? 😉




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        • Venom

          Daniel,

          Wives generally do not approve of that. lol




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          • Daniel

            What she doesn’t know won’t hurt her 😀

            And as a disclaimer, I do not condone illicit sexual activities a la KELSEY F****ING GRAMMER!




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      • Siobhan

        As (what seems to be) the only girl commenting on this blog, I’d like to vote for a hot GUY personal trainer and seeing hot GUYS at the gym.

        OK, as you were, boys.




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        • Mak

          Hey! I take take offense at being called a guy! 😉

          That said, I gotta agree with the hot guys at the gym thing…




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      • Grrrowler

        I hate working out in an empty gym. I’d much prefer to go to a gym than working at home alone, no matter how nice my home gym was. Not that I do a lot of socializing when I’m there, but there is a social aspect to it.




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  • Grrrowler

    This will probably not be the last of these personal monuments we see go into foreclosure.




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  • Marcus

    My question is – What was the Loan Officer at the bank thinking? If someone asks for a 50 Million Dollar loan to build a mansion in Atlanta thats one thing, but to OK a loan for a 50 Million Dollar mansion in Cummings next to a trailer park. The Loan Officer must have been a idiot.




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    • KEV

      Back when this house was built, the owner was at the top of a mortgage selling pyramid/business fraud–and the housing bubble was yet to go boom. As everything went down fast, killing the entire industry, this guys cash flow died a quick death. But when he took on that loan a year or two before, there was no doubt he was good for it. Until he wasn’t. Hell, at least the Goldfields built Champ D’Or with cash (I think–or else they would have slashed the price by 80% by now) but the one thing this house and theirs have in common is that they are misplaced monuments to ego and excess, both likely to feel the sting of a bulldozer’s blade in the coming years. I agree that Tyler Perry could pick it up for cash and feel the dent in his wallet about like the average guy does when he supersizes a quarter pounder with cheese at McDonalds, but I guess one white elephant (Dean Gardens) is enough, at least for one state.

      The house, by the way, is stunning, although a little sad looking from the outside, in my opinion. I highly doubt the 50 million building cost, however. Maybe 25-30 mil.




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  • Kieran

    Sad. I hope it will be loved by someone




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  • Nick

    It’s a pitty, but I expected it.




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  • ATL Guy

    I live in the Atlanta area and have been to the estate sales at Dean Gardens. One of the funny things about the owner’s son was he decorated the house and quit interior decorating when he was done. Gorgeous house but it costs well over a million a year just to upkeep. As for the house in Cumming, the Atlanta area has quite a few of these monstrosities mixed in with regular houses. I could never understand why you would build this in an area where you need to drive through some regular subdivisions to get to it. Doesn’t make sense to me.




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  • Kyle

    Is this home REALLY “right next to” a trailer park? It says on the listign that it has 72 acres of land. I mean, how close to the mansion is the trailer park. If it’s like a couple of miles away or something, I don’t think that’s bad.




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