The super rich home buyer who lost the contract on ‘Buckhead’s finest’ $12.5 million mansion is reportedly NBA star Dwight Howard.
The spectacular 25,000 square foot mansion went under contract right around the time Howard signed a three-year, $70.5 million contract with the Atlanta Hawks.
That puts his annual salary at around $23 million.
But the contract fell through last month. The home in affluent Tuxedo Park was re-listed for $12.5 million.
The 6 bedroom, 12 bath English Manor is featured on the cover of this month’s Atlanta Homes magazine.
The manse at 3800 Northside Drive was selected as the 2016 Southeastern Designer Showhouse. It boasts 6 master bedrooms and a sitting room inside one of the master bathrooms.
Howard had hoped to entertain his future baby mamas while he soaked in his bathtub in one of 6 master bathrooms.
The 30-year-old father-of-8 probably lost the house because the sticker price was half of his annual NBA salary.
Not to mention at least one of his baby mamas isn’t happy with her piece of the pie. She is dragging him back into court to increase her monthly child support.
Howard’s financials was probably worrisome to mortgage bankers who already have a backlog of high end multi-million dollar properties sitting unsold.
The Buckhead mansion, dubbed Sterling Hall, is only 17,000 square feet, but it has a lot of character.
The seven bedroom, eight bathroom Mediterranean manse was listed for $10 million before it went on the chopping block in recent years.
They say the homeowner is David Karangu, a Grady baby who grew up in Kenya (pictured). Karangu later relocated to Atlanta and opened a car dealership.