Anyone that's lived in Atlanta for a little while and passed through the neighborhood near Lakeside High School has most likely passed the White House replica on Briarcliff Road. Built by the Milani family and occupied in 2001, the 16,500 square foot home was in danger of being auctioned off at the Decatur courthouse today for failure to pay on a $1.75 million loan.

As the luxury housing market has felt the effects of the economy, luxury home builder Fred Milani has felt the pinch. But with five of his company's last ten homes selling last month, he was able to go back to the negotiating table with IndyMac Federal Bank. They are in talks to restructure the loan on the little White House, so the foreclosure will not take place for now. The home is still for sale with a price tag of $9.88 million.

Zac has actually sold several of Milani's homes over the years and pays him the compliment of being one of the nicest people he knows!

Interested in living the Presidential lifestyle? Give us a call and we can discuss setting up a showing appointment! Our office number is 404.564.7200 or you can email Zac at sold@zac.biz.