Tyler Perry Makes Real Estate History
By Ryan Velez
Most people think of Tyler Perry breaking down when it comes to stage and screen, not the real estate road. However, Architectural Digest says that the sale of his Atlanta home has managed to do just that: becoming the most expensive residential home sale in Atlanta history.
The French Provincial 34,688-square-foot, 17-acre mansion at 4110 Paces Ferry Road hit the market with a $25 million price tag and recently sold for $17.5 million. The previous record holder was a Buckhead mansion that sold for $10.5 million in 2009.
In 2007, the property was built with specific provisions in mind. It is set on 17 acres along the Chattahoochee River, the only 3.5 miles from the city’s historic Buckhead Village and 15 miles from the Dekalb Peachtree Airport.
This home has seven bedrooms, nine full baths and five half baths. Josh Reeves and Chase Mizell with Atlanta Fine Homes Sotheby's International Realty brokered the deal. Along with access to the river, the home has a wide array of amenities that can command a high price. These include a resort-style infinity swimming pool, a lighted tennis court, a fully equipped gym, a spa, a theater, a hobby house, gardens, a caretakers suite and an underground ballroom. The estate includes its own generator, guard house, presidential-level security, and two gated-level residential entrances.
At the moment, it’s likely that Perry will find a home equally if not more luxurious than this one. Perry commands a net worth of $600 million from his entertainment empire, and also personally earns between $100 and $150 million per year from it. This is for several reasons. His 13 most prominent films have grossed more than $600 million dollars at the box office, but only costs less than $10 million to make. Perry also writes, directs and produces all of his movies almost entirely independently. This allows him to take home the bulk of the profits he makes. It’s also important to note that he made bank with his plays before even making it to the big screen. Perry reportedly sold over $100 million worth of tickets to his plays. He also supposedly sold $30 million worth of videos and merchandise related to his plays.