Photo: Boxing Legend, Evander Holyfield Set To Auction His 109-Room Mansion
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.
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