In another good sign for the high-end real estate market in Buckhead, an off-market sale just closed last week for $7 million before even going to market.The home is at 3576 Tuxedo Park Drive in the Tuxedo Park neighborhood. The sale included the home for $6 million and furnishings for and additional $1 million. The seller received multiple offers after the home was quietly shopped around to potential buyers this spring.
Located on a heavily wooded 2-acre lot, the home has 7 bedrooms and 10 baths across 14,000 square feet and 4 levels. The seller had purchased the property as a 1970s tear-down in 2012 for $590,000 and then completed a ground-up renovation in one of the best property turnarounds I have seen. Construction was completed by James Cotton and Dan Mattox of Builders II.
The home is truly stunning with a mid-century modern feel and walls of glass that take advantage of the private setting. The redesign was completed by Robert Tretsch of Harrison Design Modern Studio and Casey Keesee Design for a family who lives in Europe but considers Buckhead as their 2nd home. The public’s only glimpse of this beautiful home was in the pages of the Spring 2018 issue of Atlanta Magazine:
This sale at $7,000,000 is the 2nd highest of the year so far. 2000 Garraux Road was #1 at $8,925,000 and, in an interesting parallel, it also happens to be a totally renovated 1970’s home.
What High-End Buckhead Buyers Want
These two sales and other trends show that buyers above $5 million in Buckhead consistently want a turn-key home (often buying furnished) with very fine finishes and details. They want to close, start enjoying the property right away, and they are willing to pay for quality.
There is strong demand for totally renovated high-end turnkey homes in Buckhead and little supply. While many of the available homes may need updates and renovations, it shows that there is plenty of upside for a buyer willing to invest money and time in a major remodel.
Lisa Vayle of Keller Williams and Kasey Keesee of Atlanta Fine Homes brokered this sale.