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

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.