A look at Tyler Perry’s fancy real estate portfolio over the years
Tyler Perry isn’t exactly famous for his subtlety, probably most notably in his real estate portfolio. Over the years, the billionaire actor, director, screenwriter, and producer has bought and sold a slew of sprawling properties, mostly in Los Angeles and Atlanta. He also has spent a lot of money in a log cabin in Jackson Hole, Wyoming, and once bought himself a 25-acre island for his birthday in the Bahamas.
Perry chose a number of locations with roots in slavery and racial inequality as part of a slow, gradual ascent to reclaim those locations through his real estate business. Below, we’ve compiled some of Perry’s most renowned properties and the fascinating stories behind them.
seven The mansion of the castle With
In April 2001, the now billionaire undertook one of his first real estate purchases in Atlanta by purchasing a plot in Fairborn, Georgia. He bought the site for $62,661 and built what he then said Ebony magazine was a “testimony of the rewards of faith”.
The Avec Chateau mansion measured 17,252 square feet and contained six bedrooms and six and a half bathrooms. The 26-room mansion included, among other opulent rooms, a double-height Italian marble entrance with a massive horse statue, a stately ballroom-sized living room, and a library lined with a crystal chandelier. In 2009, Perry offered the property for $3,695,000. It is not known if it was ever sold.
6 The ultra-exclusive estates of Beverly Ridge
The producer of Do one film series bought 22 acres of land in the ultra-exclusive Beverly Ridge Estates for $4,300,000. He then spent several years and millions of dollars building a 24,000 square foot Tuscan-style mansion on the property. A host of A-list stars, including Barack Obama and Oprah, as well as Prince Harry and Meghan Marklestayed in the opulent mansion with its eight bedrooms and twelve bathrooms.
After the Duke and Duchess of Sussex decided to step down from royal status in early 2020, Oprah is widely believed to have facilitated the connection between them and Perry. Currently, the estate is valued at around $18 million, according to property records.
5 A palatial residence
Perry’s $9 million acquisition of 17 acres along the Chattahoochee River just outside Atlanta was a significant acquisition. Prior to the Civil Rights Act of 1964, the estate was owned by Moreton Rolleston, a prominent attorney and owner of the Heart of Atlanta Motel, a corporation that refused to serve African Americans.
Perry completely destroyed the existing building, and three years were spent building a 34,000 square foot mansion with seven bedrooms and fourteen bathrooms. The opulent property had a motorized courtyard with a fountain, a living room with leatherette walls, a home theater with a distinctive coffered ceiling, and a ballroom with Brazilian hardwood flooring on the underground level. In 2016, Perry sold the property to televangelist David Turner for an unprecedented $17.5 million.
4 The Modern Behemoth of the Bird Streets
Additionally, it featured a billiard room overlooking the pool, a modern nightclub with a disco ball and bar, and a huge garage. Perry attempted to sell the residence for $13 million in 2010, but was unsuccessful. However, three years later he sold it for $11 million.
3 Villa White Bay Cay
Perry rewarded himself with a private island for his fortieth birthday, buying the 25-acre White Bay Cay and 7-acre adjoining land island in the Bahamas. According to the Wall Street Journal, the larger of the two islands was advertised for $7 million, but it’s unclear how much the media mogul ultimately paid for the pair.
Perry has built a Balinese-style villa and adjoining bungalows on the once-abandoned island, and even undergone flight training so he can fly his private jet to his new home.
2 The Tony Residence
Next, Perry bought a contemporary glass residence in Beverly Hills with stunning views of Los Angeles. He spent $14.5 million on the 4.5-acre estate once owned by millionaire physicist and inventor Alfred E. Mann, who built the house in 1992. The residence was 17,245 square feet with 10 bedrooms and 11 bathrooms.
Perry apparently bought the property as an investment property and sold it five months later for $17 million without making any significant upgrades or alterations. Pharrell Williams bought the luxurious home, which has pyramid-shaped skylights, marble staircases and a resort-style pool.
1 An Atlanta mansion
Perry bought another lot near town two years after selling his record-breaking Atlanta home. It’s unclear how much the tycoon spent on the 1,200-acre property, but he’s currently building a 35,000-square-foot mansion and a second structure, likely the size of a guesthouse, on the land.
There’s also a large lap pool and what appears to be an airport runway under development, which partly explains Perry’s piloting expertise. As an added bonus, the new estate is located close to the 330-acre Tyler Perry Studios for a convenient commute.
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Sources: TMZ, People, Architectural Summary
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