Tuxedo Park mansion tries again at $10.7M, following price-slashes

After inheriting the property on Blackland Road in Tuxedo Park from her parents, Ruth Dobbs Anthony and her husband, Tom, made the decision to replace the original house with this gorgeous Mediterranean-style home.

Architect Jeffrey W. Smith and builder John Berndsen teamed up to create this 15,200-square-foot residence, completed in 2010. The interior was decorated by Anthony herself, an experienced interior designer.

It turned out to be a winning combination, one that garnered an 2013 OBIE award from the Greater Atlanta Home Builders Association for outstanding achievement in building.

With design elements like coffered 12-foot ceilings, limestone and oak floors, and arched doorways and windows, it’s easy to see why.

Throw in six bedrooms, 11 bathrooms, the wine cellar, a home theater, a swimming pool, and the lush landscaping that covers the 2.76-acre lot, and it’s no wonder the home was featured on the 2014 Cathedral Antiques Show Tour of Homes.

What is surprising, however, is the asking price of $10.7 million. And not just because that number is huge.

A brief history: Back in 2014, the home was listed for sale at $14.2 million. It didn’t move then.

A year later, it re-listed at $12.5 million but was removed after only five months. Another year later, and the number was $11.5 million, where it would sit quietly until this month, when it showed up again, practically as a fire sale.

The continued price reductions beg the question: “What’s going on?” Maybe the more accurate question is: “What’s not going on?”

Although Tuxedo Park is one of Atlanta’s most sought-after addresses, it may not be the most affordable, even for those with substantial means. Or maybe this extravagant style just hasn’t struck the right chord with the right athlete or mogul.

• 439 Blackland Road NW [Atlanta Fine Homes Sotheby’s International Realty]