Atlanta’s White House Replica Lists for Record $35 Million Suburban Price

A detailed replica of the White House in Atlanta has hit the market. The owner is asking $35 million for the unique property. This sale could set a new record for the Atlanta suburbs.

The home was built by developer Fred Milani and has been a local landmark for over two decades. Its new listing price reflects a dramatic journey from financial distress to ambitious luxury.

From Immigrant Dream to American Landmark

The story begins with builder Fred Milani. He fled Iran during the 1979 revolution and settled in Atlanta. According to CNN, he found success constructing large suburban homes.

In 1999, Milani bought a lot in the Oak Grove neighborhood. His wife wanted a home with grand columns. An architect joked he should just build the White House.

Milani took the idea seriously. He saw it as a divine sign. Construction was completed in 2001.

The result is a 16,500-square-foot main house with a 7,500-square-foot guesthouse. It features a detailed Oval Office with a replica Resolute Desk. The Lincoln Bedroom includes a hand-painted mural.

The estate became an instant curiosity. Drivers would slow down to take pictures. It symbolized Atlanta’s rapid growth and one man’s ambitious American dream.

A Tale of Market Boom, Bust, and New Beginnings

The property’s financial history mirrors the housing market’s volatility. Milani listed the home for $9.8 million in 2008. This was the worst possible time during the financial crisis.

No buyers emerged at that price. The New York Times reported on Milani’s financial struggles during the crash. His bank attempted to foreclose on the property more than once.

By 2013, the situation forced a sale. The home sold for just $2.2 million. This was a massive loss from the original asking price.

The buyer was entrepreneur Thuy Ai Kathy Lam. She arrived in the U.S. from Vietnam and built a beauty school empire in Atlanta. Lam raised her family in the unique home for over a decade.

She now aims to downsize. Her $35 million listing price is a bold statement. It far surpasses recent luxury sales in the area.

The $35 million ask for the Atlanta White House replica tests the limits of the luxury market. Whether it sells for that price or not, its story remains a fascinating slice of American ambition.

Thought you’d like to know-

Who built the Atlanta White House replica?

Developer Fred Milani built the home. He started construction in 1999 after immigrating from Iran. Milani said he viewed the project as part of a spiritual journey.

How much did it last sell for?

The property last sold in November 2013. The sale price was $2.2 million. This was after it failed to sell for nearly $10 million years earlier.

What are the home’s key features?

It includes a detailed Oval Office and Lincoln Bedroom replica. The main house is roughly 16,500 square feet. A separate 7,500-square-foot guesthouse is called the “West Wing.”

Why is the current owner selling?

Owner Thuy Ai Kathy Lam is downsizing. Her children are now grown and have moved out. She has owned the property for over ten years.

Is $35 million a realistic price?

It is an exceptionally ambitious ask. The most expensive recent suburban sale was $15.7 million. The price makes it the most expensive listing in the Atlanta metro.