SPORTS

From Sandy Springs to Lakeview: Swansons' Luxury Home Swap

Charlotte, Naples, USASat Feb 01 2025
Dansby and Mallory Swanson, a prominent sports couple from Chicago, have been making significant moves in the real estate world. They recently sold their luxurious home in Sandy Springs, Georgia, for a cool $2. 1 million. You might be wondering, why the move? Well, they recently upgraded to a bigger and better place in Lakeview. The Swansons' home in Sandy Springs was a spacious property. It had five bedrooms, five and a half bathrooms, and two fireplaces. The house was built in 2018 and sat on a large 1. 3-acre lot. It also had an outdoor fireplace, a three-car garage, and a primary bedroom suite with double closets. Dansby originally bought this house in 2020 for $1. 63 million. This was before he signed a massive seven-year, $177 million contract with the Cubs in late 2022. With that kind of money, you can afford to upgrade your home. So, why did they sell? The Swansons decided to let go of their Sandy Springs residence. This was likely to accommodate their new high-end property in Lakeview. The couple spent $3. 5 million on a six-bedroom, 7, 000-square-foot house. This new property was bought from former Cubs president Theo Epstein. The sale of the Sandy Springs home happened in December. It was an off-market transaction, which means it was a private sale and not publicly listed. The Swansons aren't the only Chicago sports figures making big real estate moves. Other notable figures have also been active in the market. For instance, Chicago Bears wide receiver D. J. Moore has a massive five-bedroom, 9, 757-square-foot mansion in Charlotte. It's on the market for a whopping $5 million. Another big name is legendary Bears head coach Mike Ditka. He recently returned to Chicago and bought a place in a Streeterville high-rise. He also has his four-bedroom, 3, 436-square-foot house in Naples, Florida, listed for $1. 375 million. It's interesting to see how professional athletes and coaches are investing their earnings. They often upgrade to luxurious homes, which can be a sign of their success and financial stability. However, it's also a reminder that even the wealthy need to manage their money wisely. Selling one property to buy another is a common strategy. It allows them to upgrade their living situation without taking on too much debt. The Swansons' decision to move from Sandy Springs to Lakeview is a clear example of this. They sold their previous home for a profit and used that money to buy a new, more expensive property. This move likely reflects their growing financial stability and desire for a more luxurious lifestyle. However, it's also important to consider the environmental impact of such moves. Buying and selling homes can be a big deal for the environment. It's always good to think about the long-term effects of our actions.

questions

    What are the potential financial implications of selling the Sandy Springs home and buying the Lakeview property for the Swansons in the long run?
    What role did the market conditions and the 2.1M dollar pay off play in motivating Dansby and Mallory to buy a house in Lakeview for $3.5M and find themselves saddled with two mortgages?
    How has the real estate market in Sandy Springs, Georgia influenced the sale price of the Swanson's home?

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