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Updated: 6:53 p.m. Friday, Oct. 18, 2013 | Posted: 6:50 p.m. Friday, Oct. 18, 2013

Holyfield’s former Fayette mansion to be auctioned

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By Christopher Seward

The Atlanta Journal-Constitution

The Fayette County mansion that once belonged to former heavyweight boxing champ Evander Holyfield will be taken to auction next month, according to the property’s real estate listing agent.

J.P. Morgan Chase first listed the 109-room Fayetteville home in April for $8.5 million, according to real estate data provided by Redfin.com. The price was dropped to $8.3 million in May, $8.2 million in June, just under $8 million in July and nearly $7.9 million at the end of August.

Listing agent Jackie Campbell of Keller Williams Atlanta Partners said bidding will start at $2.5 million for the Nov. 11-13 auction, but there is a reserve, meaning J.P. Morgan Chase will not accept a figure unless it reaches a certain threshold, which was not disclosed.

Holyfield was forced to leave his Fayette mansion in July 2012 due to foreclosure after years of financial troubles.

The home, which has 12 bedrooms and 21 full and half bathrooms, according to the Redfin listing, sits on more than 100 acres on Evander Holyfield Highway. Built in the 1990s, it comes with three kitchens, a two-lane bowling alley, a 135-seat theater, an Olympic-size pool and two marble staircases. Holyfield once told The Atlanta Journal-Constitution it cost him $1 million a year in upkeep.

Campbell said the property, which remains vacant, has received multiple offers much higher than the opening bid price since it was put on the market in April. She wouldn’t provide any figures.

An open mansion is planned for next week and the first week of November, but only interested buyers who can show proof of funds “in the $7 million range” will be invited to take a look-see, Campbell said.

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