Posts Tagged donald leebern III
Originally priced at $8.5 million an estate on Habersham Road in Buckhead closed in December 2011.
2750 Habersham Road was listed in March 2011, and sold in under a year which is great at that high of a price point. It closed at $6.5M or 77% of list price — a great deal and the third most expensive home sold in 2011 in Atlanta.
There was an article in the AJC around November that told a story about the sellers (it was lengthy and not very nice so I’d rather not repeat the story, but I’m sure you can look it up online if you’re interested). The sellers were in a stressful situation and I’m sure they are very happy that it has sold.
The tax records indicate that the purchaser is Donald M. Leebern III, who is the heir to Georgia Crown, a family-owned beverage distributor. Third-generation CEO Donald Leebern Jr. and fourth-generation president Don Leebern III are the current crop of Leeberns to own and manage Georgia Crown. It was founded by Fate Leebern as Columbus Wine Company Distributors in 1938, the same year Georgia repealed prohibition.
Apparently the Leebern’s purchased a 3.8 acre tract of land on Woodhaven about two years ago with plans to build a new home and somewhere along the line changed their minds and purchased this estate on Habersham.
The lot on Woodhaven is now on the market for less than they paid for it in 2010 at $3.7M if you’d like to build your own estate!