Alabama coach Nick Saban's $10.95 million investment property in Lake Burton will be up for auction next month. (Photo courtesy of Concierge Auctions)TUSCALOOSA, Alabama -- Alabama coach Nick Saban's $10.95 million investment property in Georgia will be placed on the auction block next month, according to a report today from the Atlanta Business Chronicle.
The 9,600-square-foot estate, which rests on the shores of Lake Burton in Clayton, Ga., will sell without reserve in a June 6 auction coordinated byConcierge Auctions.
This is not the home in which Saban resides during his few moments of free time away fromTuscaloosa. Rather, it was an investment property that's been on the market for more than a year. His regular vacation home is nearby at "another great lot on the lake," realtor Julie Barnett told AL.comlast year.
“My family and I own another home on the lake, which we have enjoyed for 12 years, so I was excited when this very special lot came available to develop with Jim [Suddes],” Saban said in a statement to the Chronicle. "Lake Burton is our favorite getaway. It’s a beautiful, hidden gem, where we find great peace and seclusion."
Saban's wife, Terry, was quoted in an October 2012 story in the Wall Street Journal about the difficulties college football coaches face when they try to sell their expensive houses.
The Sabans' investment property lies on 1.7 acres and features six bedrooms, nine bathrooms, a wine cellar that features antique gates from Barcelona, formal and professional kitchens and a four-car garage.
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