Arthur Blank In Atlanta, Estate of the Day

by Deidre Woollard (RSS feed)
Apr 11th 2009 at 1:02PM

Atlanta Falcons owner Arthur Blank isn't planning to leave the city his team plays for but he is trying to sell his Atlanta home so he can move to another one. The co-founder of Home Depot has had his Buckhead area home on the market for a year with no sale and the Wall Street Journal's Private Properties reports that Blank has now cut the price by 18 percent to $8.9 million. Blank bought the home in 1993 for $3.38 million so he will still make a tidy profit on the deal. The home was built in the early 1950s and is located in the Tuxedo Park neighborhood. The seven-bedroom home is on four acres with a three-car garage and a pool.

This home is located near another mansion which has had a price cut. Windcrofte, the former mansion of the former head of Coca-Cola, Robert Woodruff. It was listed at $13.9 million last year and is now listed at $10.9 million.

Also in the area, the Atlanta Journal-Constitution reports that Rossdhu, the 91-year-old mansion we covered as an estate of the day last December has had a price cut. It was $14.5 million and is now listed at $11.75 million.

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Gallery: Arthur Blank In Atlanta

Tags: arthur blank, ArthurBlank, atlanta, atlanta falcons, AtlantaFalcons, buckhead, estate of the day, EstateOfTheDay, tuxedo park, TuxedoPark

Filed under: Estates, Sports

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Reader Comments (Page 1 of 1)

David Apr 11th 2009 2:43PM

It's a particularly nice area of town. The homes in this area are stately and some downright magnificent. This particular home has a nice presence without being overly designed.

I would love to relieve Arthur of his home were it not for the lack of financial ability on my end.

Honestly, I can't imagine why he'd be selling such a wonderful home is such a bucolic setting. His new digs must be quite fine indeed.