Southern Co. CEO pays $5.3M for nearly 3-acre lakeside Buckhead estate (Photos)

One of Atlanta’s most powerful executives has a spacious new home on a peninsula overlooking a private spring-fed lake in Buckhead.

Thomas A. Fanning bought 1325 Monte Carlo Drive, Atlanta, Ga., 30327, for $5.3 million from Darrell J. Mays, 3500 Cold Springs Road, Greensboro, Ga., 30642, on March 29, according to Fulton County property records. 

Tom Fanning has been chairman, president and CEO of Southern Co. (NYSE: SO), an energy company that provides electricity and natural gas to 9 million…

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