I can’t get this story up fast enough so that I can alert Phaedra’s current neighbors that their long national nightmare is over! Phaedra Parks has purchased a very nice two acre gated estate in Sandy Springs. With price tag of just over $1.9 million dollars it’s more than twice what she paid for her current residence just under three years ago.
It’s a quite lovely property with a huge gate to keep out the lookie loos that is quite woodsy for even more privacy. It’s funny that I was chatting with one of my friends who just happens to be a current neighbor last night. There as been a good bit of discussion about Phaedra’s lack of upkeep on the current house to the point that whispered conversations about her financial situation was occurring, replete with the necessary “bless her heart” and “fix it Jesus” sort of references. Seems like money is no problem for Ms. Phaedra.
The property, built in 1969, sports six bedrooms , ten bathrooms and 9,175 square feet of lounging about room. Who the holy hell wants ten bathrooms? I don’t even like to clean one! There is also a separate mother in law suite/ Guest house for Pastor Regina to set herself up in. The listing said it had an elevator shaft put in in 2000. No mention of a working elevator though. So perhaps the team of babysitters and nannies that are on site at all times to raise the boys could live there since there is a second master suite in the main house that Pastor Regina might prefer.
The property also has a really nice pool and patios and a gazebos for the boys to play in. Seems like Miss Phaedra is moving on up.
Straight From the A was the first site to break the story. I read it first on AJC.com where Rodney Ho let me know that Phaedra ” paid about 25 percent upfront with the remaining $1,432,500 on a 30-year mortgage.” Both sites had a giggle about Phaedra’s security deed referring to her as “Phaedra P. Nida, an unmarried woman.” Both sites have tons more photos so check them out.
Phaedra purchased the property on October 14, 2016 but currently still resides at her previous address.
LOL two seconds after I sent an email to her neighbors, they are popping bottles and dancing about. It’s their Christmas miracle!
Ha. I couldn’t blame them. Way too many scenes are filmed in her house.
Slap happy cul de sac party. Everybody dance now or march with pots and pans. Hate to see you go but they’ll love to watch donkey bootie, also known as Ass ass Nita, leave. Feel sorry for the new braybors.
I grew up about 10 minutes from there. Oh Gawd, there goes the neighborhood. I see her non- profit’s are paying off handsomely. Just damn.
LOL on the old neighbors celebrating. She is not as close to these neighbors. Lucky them.
Phaedra .. purchasing it .. not in a trust under new own name and then putting title as an unmarried woman.Really? I must be missing something here?
She has since moved it into a trust.
But as usual, things seem weird. As you said, why just buy it as the trust and no one would be the wiser.
Title examiner/Paralegal here. It’s most likely that the mortgage company would not let her purchase the property in a trust. This is quite common, with people then conveying the property to trust once the closing has occurred.
It’s always helpful to have a Title examiner/Paralegal in the, “family”. Lol.
Thanks for the info.
I have to say it looks really nice. Wow i need to move to ATL a lot of bang for ur buck.
I was thinking the same thing! I live about 15 miles outside NYC so a house like that would go for quite a bit more. It looks nice but that’s an insane amount of bedroom/baths.
Seems like a nice house, but the barstools in the kitchen are set up backwards.
That island does look like it was put in backwards. The house is beautiful but I would want to update the kitchen.
She gets this house and Apollo gets a jail cell. How does he not rat her out?
See let me tell you all something… Apollo has mentioned that he was raised in the streets because his mom was on drugs and Dad was no where to be found. But in the streets you DO NOT tell. You take one for the team. Why would he do such a thing so his kids can be stuck in Athens with Pastor Regina and no source of income? Trust me there will be a little bit of change waiting for Apollo when he departs Fort Dix. I think he is just glad that he will never have to pay child support.
I thought he was adopted by white people who force fed him nothing but canned foods.
No tell Rotel.
What the hell! This is more than Hello Pete, Stolen money is letting her buy Mansions–
Wow I have to say that Phaedra’s home is the best looking one of the group in my opinion. All those jobs of hers seem to be paying off. Curious now if her “divorce” was set aside, if new home is part of assets that Apollo could go after.
First off I read it as Shady Springs which gave me a chuckle. Secondly, where does her money come from besides RHOA?
Really…RHOA salary isn’t covering this, and her jobzzzz are all fake…
She’s made a couple million of Bravo over the years, pre tax. Depends what she kept and what she spent. She really doesn’t seem to blow much money.
She might be blowing something else.
Tamara we might need one of your sources to come thru for a current RHOA salaries post soon 😉
Couldn’t agree more–she seems to spend the most on over the top events like her wedding, kid’s baptisms (or were they birthdays?), at any rate they may have been paid for in large part by Bravo or by vendors. House purchase then moving into a trust seems weird. I also feel like while it is a large house on what appears to be a pretty piece of property, it was built in 1969–I guess I need to check out some links to see if I can find some interior shots before I say anything more about her purchase.
Looked online and it is really pretty. Guessing the address must add to the bottom line? Texas real estate skews my perspective.
I’m stunned and at a complete loss for words. Something just doesn’t sit right with me over this. It looks like a lovely home, though.
I could not agree more- this makes no sense to me. Frankly, given her nothing story on the show and her lack of true jobs, I don’t get it. Either Apollo put a ton of cash into her hands that she has used to keep her/the boys life going at the level she feels entitled to, or someone else is funding her- can you share, TT??
So out of Nene, Porsha, Kenya, Cynthia, and Phaedra, which of these houses do we think is getting repossessed first?
I’m going with Nene…!
Ps. Repossessed = foreclosed on, in British vernacular. I don’t know if that word’s in common usage in the US.
tis used here.
You forgot Sheree. She’s front of the line. Even before Nene. I think Kenya paid cash for her house. She bought another little starter house for someone around the same time. Also cash.
I know you’ve heard this countless times, but if there was a like button your comment might break the internet.
I would say Nene since IRS already has that $800,000+ lien on her home(maybe the states she owes taxes do also). Probably Sheree too if her home was in her name.
My guess is Nene first and Porsha second. Phaedra seems smart enough to work towards building generational wealth instead of just living large (like Porsha and Nene), so I think she’ll be fine. Plus, unlike Nene and Porsha, she’s smart enough to sell or lease (e.g., to a production company or a rapper with big bucks and bad credit) or finangle things before McCalla Raymer (metro ATLs primary foreclosure law firm) come calling. Also, it wouldn’t surprise me if she had intangible, lucrative premarital assets (like a few shares of stock in the right companies). By the way, it was smart of her to wait until her divorce from Apollo was final to buy a new home to keep it from being marital property. Cynthia and Kenya (especially Kenya) are also resourceful enough to make foreclosure unlikely. (I want Cynthia’s house!) Wicked Kandi is set for life. Sheree? I wasn’t watching when she was on the show before, so I don’t know enough about her to say.
Except for the fact that PHAEDRA IS NOT DIVORCED.
http://tamaratattles.com/2016/12/10/once-more-with-feeling-phaedra-parks-is-not-divorced/
Is she still ITP?
Has she put her current/old home on the market ? Two months and she hasn’t moved to the new house yet.
Ten bathrooms come in handy when you’re full of yourself.
ROTFLMAO??That’s the funniest reason to have 10 bathrooms!
and/or full of shit lol
These housewives spend money like RHOA is the #1 show on TV and they just signed a new 5 yrs contract. These reality shows are on their last leg. These women along with the Teen Mom franchise are gonna see a bad day when they realized the unemployment checks are nothing compared to the network check.
Lol. Well in their defense RHOA is the #1 reality show on cable. Also, they don’t get unemployment because they are independent contractors and not employees.
Two acres and a tool.
Damn! Gorgeous place.
So, what are the chances that the Phaedra/Apollo divorce is as phony as the Leakes divorce? There’s something just inauthentic feeling about it.
Toni I believe its true. My theory is that Apollo is just playing the part because it will buy Phaedra more time on TV which seems to be a pretty good check. Call me crazy. But Apollo first mentioned the D-word on Season 7, Episode 1 now we are almost halfway through Season 9 and yet new deeds still bear the Nida name.
I dunno – I’m kinda with Mama Joyce with the how did Phaedra not know what dude was up to ripping off people’s unclaimed property. And then all the Angela Stanton accusations about the shady car scheme Apollo served time for prior to the marriage. The divorce papers filed in the wrong name. Apollo’s engagement with the paper ring. I’m just saying, I wouldn’t be shocked if they “reconcile” after he’s served his sentence. Something in the buttermilk ain’t clean
The road to hell is paved with malicious intent and grey paving stones in a herringbone pattern. Painting them yellow won’t help. Get those black and white socks ready for when it comes down and lands.
I hope she doesn’t cook because that is NOT a 1.9 million dollar kitchen. I’ve seen bigger kitchens in $250K houses.
I do love the built-in bookcases in the living areas, though!
I hope she doesn’t cook because that is NOT a 1.9 million dollar kitchen. I’ve seen bigger kitchens in $250K houses.
I do love the built-in bookcases in the living areas, though!
I know it’s not my money but I just don’t understand why these women who make all this money won’t just pay outright for their homes.Give me the money I wouldn’t spend over 500grand cash and I’d renovate to my liking.
Kandi bought her house in cash for around that price
That’s it. I’m committing tons of fraud and pimping myself out to Bravo. Crime apparently pays very well if your ass is on TV. How the hell did she get a mortgage for that amount???
Congrats to Phaedra. Why show contempt to a single black mother purchasing an estate?
That is a nice house! I was in KY over the weekend and absolutely fell in love with the homes there. So traditional and beautiful, not like the McMansions that some tend to favor.
I can not stand the new McMansions with turrets look. Horrid.
Love the Palm Springs mid-century modern homes
NeNe must be screaming right now! She talked so much shit about Phaedra and now Phaedra has out phonied her and profited while NeNe is reduced to MLM scams and discounted HSN clothing! Someone needs to line item her non-profit organization books?
Everything inside is…white. No color pop…just white as rice. Beautiful home though, I’d live there following a lottery win or a new bravo Housewives for a divorce 30-something in rural North Carolina. #MakeItHappenAndy
That’s over 4k a month mortgage. Who would purposefully go into that with a Bravo career?
It looks like a nice house with a great pool and fabulous potential to add value (the gardens could do with some work).
Wow. I hope Freddy Kruger stays far, far away.
Beautiful home.