Buckhead’s Pink Palace mansion seeks nearly $5M — $15M less than before

Dripping with 1920s opulence, the Swan House-esque residence is a portal to another world

By Michael Kahn Feb 2, 2017, 11:46am EST

A large room with dark wood floors and soaring ceilings, with intricately painted pastoral murals and a large, grand fireplace. — A taste of 541 West Paces Ferry.

The Swan House on West Paces Ferry Road in Buckhead was constructed as the obscenely grandiose residence of the Inman family in 1928, but today it operates as a museum on the campus of the Atlanta History Center. It seems highly unlikely the home will ever again be the residence of any other family, no matter how wealthy.

However, for those who love the Italianate classical villa, and coincidentally the neighborhood it’s in, a newly listed mansion could fit the bill.

Just down the street from the Swan House, the famed “Pink Palace” could be confused as a replica — or, rather, precursor of the Inman’s abode. Designed two years earlier by Neel Reid and Philip Trammell Shutze — the architects of the Swan House — this six-bedroom rambles for more than 12,000 square feet.

With Versailles-like murals adorning many rooms, gorgeous dark hardwood floors, and ornately carved mantle pieces, there’s a lot to ogle over.

Some of the bathrooms (there are 10) could best be described as “a little much,” but overall the house’s original charm shines through.

The historic home, and the 3.5-acre lot can be had for just shy of $5 million — $1 million less than what it listed for nearly two years ago, and $15 million less than it listed for pre-Recession. Records indicate it hasn’t sold since a 2012 foreclosure.

It’s practically a bargain.

And who knows, if The Hunger Games is in need of a set, there could be a chance to recoup some of the purchase price.