Georgia's largest single-family residence, which was occupied
by boxing icon Evander Holyfield up until last year, is hitting
the auction block between November 11 and 13, reports
Auction.com.
Holyfield, who purchased the palatial estate located outside
the Atlanta area that sits on 105 acres, lost the residence to
foreclosure last year because he could not satisfy a reported
whopping debt of $14m. A bank purchased the property for
$7.5m and afterwards, allowed the former champ to remain
there for a short time until he could organise his belongings,
many of which he auctioned off to raise money for his debts.
Holyfield has struggled with financial woes over the years
that he just could not fight his way out of, including child
support nonpayment issues for his 11 children, alimony
troubles, bad money management moves, failed businesses,
IRS debts and lawsuits. The Real Deal, who is a former
undisputed world champion and the only four-time world
heavyweight champion, winning the WBA, WBC, and IBF titles,
made a reported $200m in his nearly 25-year-long boxing
career.
Now Holyfield's former home, which has even been featured on
TV shows and movies, will be up for grabs at just a fraction of
what it is worth with an opening bid of just $2.5m.
The 109-room home, which is just 1,000 square feet shy of the
presidential White House, features 12 bedrooms, 13 full
baths, eight half baths, five family rooms, three kitchens, a
recording studio, boxing gym, movie theater, library and
indoor bowling alley.
Sent from my BlackBerry® smartphone provided by Airtel Nigeria.
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