Published on September 15th, 2016 |1
Robin Loudermilk buying Buckhead’s Villa Juanita mansion for $7.2 million
According to a report by the Atlanta Business Chronicle, Loudermilk said he plans to move into the home at 509 West Paces Ferry Rd. with his wife, Frances. He called Villa Juanita “one of the last original and iconic homes left in Atlanta,” according to the ABC report.
Villa Juanita sits on 7.3 acres and has 14 rooms including four bedrooms, five bathrooms and two half-bathrooms. It also features a 70-foot-long pool, walking trails, indoor and outdoor pools, gym, sauna and gardens.
It was built by Conklin P. Whitehead, the son of the Dixie Coca-Cola Bottling Co., which later became The Coca-Cola Bottling Co., Co-Founder Joseph Brown Whitehead in 1924, according to the listing.
According to the Business Chronicle story, the mansion is a former Atlanta Symphony Orchestra’s
decorator show house — dubbed “Atlanta’s Great Gatsby house” — and has been visited by former New York Mayor Jimmy Walker, the “First Lady of American Theater” Ethel Barrymore and Jane Fonda.
Ben Hirsh of Hirsh Real Estate brokered the deal for the sellers of Villa Juanita, which was on the market for just 113 days and had an asking price of $7.7 million. The $7.2 million purchase price for Villa Juanita is the second-highest sale of the year in Buckhead.
Loudermilk told the Business Chronicle he’ll renovate the home but won’t alter its architecture. His father, Aaron’s founder and Atlanta philanthropist Charlie Loudermilk, will be involved in the renovation, which could take up to two years.
“This was his boyhood dream,” Robin Loudermilk said of his father’s love of the home. It was built in
1922, according to property records. “It means a lot to own a property like this,” the ABC quotes Robin Loudermilk as saying.
Loudermilk told the Business Chronicle he had been working on the deal for the past two months. It came together in the past 10 days.
Hirsh never confirmed the buyer or the seller but property records show the home was last bought by the Australian billionaire Anthony Pratt, the executive chairman of Visy Industries, in July 2000 for $5.35 million. Pratt bought the home from Janet and Bob Kern, a real estate developer that renovated the property after buying it for $2.14 million in 1985 the ABC reported.
According to FMLS and public records, Villa Juanita is the 7th most expensive sale of all time for a
home in Buckhead. The sale also represents the largest home sale in Metro Atlanta history that was both listed and sold by a single agent, that being Hirsh.
Hirsh also negotiated the sale of Tyler Perry’s 17-acre Buckhead property to businessman-turned-evangelist David Turner earlier this year, whose $17.5 million buying price became the most expensive real estate transaction in the city’s history.
The previous record for an Atlanta residential real estate sale was a Buckhead estate that sold for $10.5 million in 2009.
To read the Business Chronicle’s story, click here.