Archive for category Famous People in Atlanta
Yes, we do have a home available in Buckhead, in 30327, on Paces Ferry to be exact, for $28 Million.
Sitting high atop the Chattahoochee River on 10 acres…..the only thing I can imagine one would have to complain about is the Lovett School car pool lines. I remember when the current owner bought the land…it was $10M alone and I’m sure this house is being sold at a loss. This estate has every feature and amenity any executive or celebrity would want.
I have not personally been in the home, but it is a pocket listing of our firm “Atlanta Fine Homes Sothebys International Realty” and in searching our multiple listing service our company happens to represent all the listings over $15M in metro Atlanta!
But please don’t just call me up and ask to see these fabulous homes….as with most multi-million dollar properties, you’ll need proof of funds from a local bank and references that can be verified before we’ll show you.
I won’t mention the celebrity’s name who owns this home at the request of the agent, but those of you that live nearby will know the house. The next question is: Where is he going? I don’t know. But don’t worry, he’s not leaving Atlanta.
So below is a little bit about the top four most expensive homes for sale in metro Atlanta as we start looking at 2013.
Most expensive homes for sale in the Atlanta metro area in 2013
Every Amenity in this Compound in Buckhead – 30327 – $28 Million
The peninsula on Lake Hartwell can be yours for $17,500,000.
There two other homes over $15M available, one on Lake Lanier and the other on West Paces Ferry for $19,900,000.
Click here to view a current list of all Buckhead homes for sale over $5 million.
Click here to view a current list of all homes in the state of Georgia over $5 million.
Jane Fonda’s Intown Atlanta Loft recently sold on October 31st for $1.1 million.
I had it listed back in 2010 for $4.5 million, which is what Jane had in the property from a purchase and build out perspective. She originally purchased the loft after her divorce with Ted Turner in 2000 and if you look at the interior photos and look at what Jane was going through at that point in her life it all ties together. At the time, I had purchased her book “My Life So Far”. I was enjoying Spring Break in 2010, when I got the call to interview for the listing. When I returned to Atlanta the following week, I met with her Business Manager and Financial Manager.
Within several weeks I listed the property at $4.5M to see what appetite the market had for this 5,000 sq ft loft. The media picked up on the story quickly and we received a lot of publicity and quite good showings, but with time the location proved to be an issue for this type of luxury/high end property. We looked at auctioning the property through Sotheby’s and felt we could get her $1.5M pretty easily, but with that large of a loss it seemed prudent to rent it out for a couple years.
By Fall 2010 we offered it for rent since it became apparent that Jane would be taking a large loss either direction and rented it shortly thereafter.
The following Fall in 2011 her business manager chose another strategy by listing with a local agent that lived intown to market the property. The price steadily decreased until it sold for the $1.1M. For the amount of square footage and the spectacular skyline views, the final price was quite a deal. It was probably about 2 years to the date from the when it was rented which worked out great for her I’m sure.
I was fortunate to have met Jane when she was intown for events and fundraisers and I’m glad she’s been able to close that chapter of her life. It’s fun to follow her blog and see everything she’s gotten involved in since that time. She certainly is back in Prime Time!
Partially kidding. We get requests all the time for home related TV shows. See below. If you’re interested send me a note and I’ll give you their email address to respond. Good Luck!
NOW CASTING in ATLANTA! Need more space? Want to knock down a wall? Currently CASTING outgoing and dynamic homeowners in ATLANTA who have outgrown their home and are in desperate need of a RENOVATION and makeover. If you love your neighborhood and don’t want to or can’t move, but you need more space, we want to help! Ideally, your home has some inactive space we can expand into; such as a porch, attic, yard or storage area! 1. Name of homeowners 2. Contact info (include cell) 3. Neighborhood you live in and street address 4. Photo of family 5. Photos of exterior of house (front & back) 6. Photos of problem room(s), tell us why 7. Tell us why you love your home & neighborhood but why you need a renovation
After over three years on the market, one of the most breathtaking lots in Buckhead has sold, the owner was Arthur Blank (one of the founders of Home Depot and owner of the Atlanta Falcons). This Buckhead mansion was originally listed at $10,900,000. The tax records state that the home is 7,352 sq ft.
Everyone will always remember the grounds of this property at 4.19 acres… it has the most beautiful gardens, lakes and paths in the heart of Buckhead I’ve ever seen.
This mansion on Tuxedo Road has been open to the public on many occasions. The home was upgraded and featured as the 2010 Atlanta Symphony Decorator Showhouse. The house itself isn’t the most special thing and I wonder if the Decorator Showhouse hadn’t updated many things if it wouldn’t have been torn down to make way for a new home with higher ceilings and larger rooms.
In 2006, The Blanks purchased a home at 1080 West Paces Ferry Road in Buckhead. They apparently renovated the home over the course of two years and moved in during 2008, leaving the property at 3639 Tuxedo Road vacant since then. Their current home has over 15,000 square feet and was assessed by the City of Atlanta at $13,698,000.
Finally this in spring 2011, 3639 Tuxedo was reduced to under $5M and it just closed this past week for under $4M. I do believe the land alone is worth this price and I’m wondering if the new purchaser thinks the same thing and we’ll soon see a new structure there.
I’m sure there were some emotions involved in this sale; Stephanie and Arthur Blank’s divorce was announced on September 2nd of this year. The house was assessed by Fulton County at $4.8M and Arthur purchased it from Rex Fuqua in 1990 for $1.5M.
Here are some photos of the Arthur Blank’s Buckhead home that recently sold:
I usually just email my close friends with these types of things, but I think this is newsworthy enough to post on my blog.
Kenny Rogers put his Buckhead estate located at 10 Valley Road, back on the market a few months ago. This time, he listed it at approximately half the price of his initial listing price from several years ago, and did not offer to include the furnishings. Listed at $3,999,000 this time his home sold in just a couple of weeks and closed in a month for very close to asking price. There is good news in this market for sellers that price their home to the current market.
Unfortunately for Kenny, he started with a high price several years ago and was chasing the market down, and then he took the house off the market for about a year. His twin boys were in kindergarten last year and were about to enter first grade here in Atlanta, and I think he just preferred to raise them in his Athens home where he raised his other children.
I’m happy for the agent that the price was right this time and it happened very quickly for all of them.
As we all know it can be challenging to have your house on the market….the good news is that a home priced correctly will still sell even now. It may be painful to get there but it’s where the market is. If you want to (or have to) participate in this market you need to heed the current value to get a sale; he did and had a successful outcome.
Congratulations to the listing agent, Heather Steiner with Atlanta Fine Homes Sotheby’s International Realty!