The Rose Hill mansion, a sprawling eight-bedroom red brick home in Suwanee, was said to have cost $40 million to build during the housing boom. It sold last month for $8.8 million.
The sale made local headlines recently for the difference in cost vs. sale price, but it also was a epilogue of sorts in the story of Georgia’s real estate crash.
The gated estate was built by prolific Gwinnett County developer and deal-maker Wayne Mason, and its sale appears to close the book on a pair of debt lawsuits that dogged the real estate guru following the recession.