A New Low Price For Le Reve, Georgia's Most Lavish Foreclosed Mansion

by Deidre Woollard (RSS feed)
Mar 4th 2011 at 6:02PM

Last month we mentioned that Le Reve, the once $50 million estate for sale in Forsyth County, Georgia was in foreclosure. It has now had yet another price cut down to a new low of $16.75 million. Real estate agent Troy Stowe put it bluntly in a piece on WSOC-TV, saying "now, our new strategy is, the house needs to go." The new listing trumpets the fact that the home has been reduced by $32 million as well as indicating that the home is now bank owned.

La Reve was the home of Hubert and Norma Humphrey who designed their lavish seven-bedroom home with a private bowling alley, its own golf course, a massage room and a huge movie theater that is a replica of Atlanta's Fox Theatre. There is also a train room that is a replica of the old Central Georgia Railroad from Atlanta to Macon to Savannah that Hubert Humphrey worked on for 17 years as a train conductor. This incredible edifice has 82 rooms, two elevators and 62 televisions. The grounds include a heated swimming pool, pool house, spa, private playground, stables, tennis court, formal gardens and a guest house. The home, which is approximately 47,000 square feet on 72 acres was listed at a stunning $45 million in 2008 just two years after it was completed for a price of nearly $50 million total.

Gallery: Le Reve

Tags: foreclosure, georgia real estate, le reve

Filed under: Estates

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Reader Comments (Page 2 of 2)

wayne Mar 5th 2011 5:04PM

I have a home in Dutchess County New York that i,am going to see and buy this home in Georgia.I flew down to Georgia to put a down payment on this home

wehew Mar 5th 2011 5:05PM

Hubert Humphrey is a slick talking salesman, whom apparently made his money in pyramid scheme insurance sales and scams preying on the uneducated and elderly.

http://www.amyfeldman.com/articles/00may_money_hubertthegreat.html

Not sure where he is now, but I am hope he learned the hard way that karma can be a bitch.

rwdmrtm Mar 5th 2011 8:36PM

An 82 room house only has 7 bedrooms?

me Mar 5th 2011 8:54PM

I was interested until I read it only has 7 bedrooms. I was looking for at least 8.

me Mar 5th 2011 8:58PM

I wonder if they'll take 8 million?

dls031568 Mar 5th 2011 9:02PM

Nothing like a big ass house to feed YOUR over weening ego....No one and I mean no one needs this much space, Its greed and selfishness at its height... Everyone today thinks they are a movie star and thinks way to much of them self!! Ya all need a REALITY check as to what is REALLY important in this life and its not a seven bed room home You all need to seriously get the hell over ya self.... Ya aint all that.... None of ya!!

gbyron60 Mar 5th 2011 11:12PM

A train conductor for 17 years? I had no idea they made that much money. If it were in Queens, NY someone would buy it, cut it up into condos. If it was in Florida, someone would buy it for condos, put a small fence around it, and make it a gated community.