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Holyfield's House Sells For $7 Million, But Owes $14 Million

By TMZ

Good news: Boxing legend Evander Holyfield recently sold his house for $7,500,000!!!

Bad news: It was at a public auction, he actually owes the bank twice that amount ... and he also owes over $200,000 in back taxes.

According to documents filed in Georgia, Holyfield's massive mansion -- 54,000 sq. ft on 234 acres -- outside Atlanta sold at public auction on March 6 ... but part of the money will go directly to Uncle Sam to pay off his back tax bill.

As for the rest ... according to the documents, Holyfield owed more than $14,000,000 on the house -- plus more than $2500 in foreclosure expenses. It's unclear whether the bank is going after him for the balance.

Calls to Holyfield's rep were not returned.

User Comments and Feedback (Register For Free To Comment) Comment by 1mb11 on 06-09-2012

I told Evander that watching Brewster’s Millions was not sound financial plan!

Comment by 1mb11 on 06-09-2012

"People don't know the problems and pressures that come with 100 million dollars" (sobbing) -- scene from movie Jerry Maguire

Comment by CHOWWOKKA on 06-09-2012

[QUOTE=RossCA;12219278]Same thing will happen to Mayweather, and even faster because of his gambling.[/QUOTE] Floyd isn't the one with a 2 million dollar gambling debt...

Comment by edgarg on 06-09-2012

[QUOTE=Davis40;12218761]lou duva.....[/QUOTE] And Duva looks as if he drives a truck for a living. But they spun of Main Events I think. maybe Holyfield unknowingly paid for some of that.

Comment by Carpe Diem on 06-08-2012

I know some members on here are quick to make it look as if it's a "black" thing, but it has nothing to do with race. It's a choice thing. Let's compare Nicholas Cage and Morgan Freeman for instance. Cage…

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