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.