Old Fourth Ward townhome near Krog Street Market has elevator, wants $865K

End unit at Water Tower Stacks has skyline, actual water-tower views

By Josh Green@JoshGreen1234 Apr 4, 2017, 11:58am EDT

A townhouse at the Water Tower Stacks in Atlanta’s Old Fourth Ward. — Where an old water tower meets new Fourth Ward.

This four-level townhouse stands within a $14 sandwich’s toss of Krog Street Market, and it’s rocking a price to prove it.

With walk-in-minutes proximity to the market, the Beltline’s Eastside Trail, and all the other new fruits of a surging Old Fourth Ward, this circa-2016 piece of the Water Tower Stacks is asking $865,000. The price/square footage breakdown of $280 isn’t as drastic as other new townhouse product to crop up in the neighborhood, however.

One unique facet is that this cluster stands in the shadow of a 1906 edifice once used to hose the factory next door in the event of fire. And now it makes for one helluva beacon for confused Uber drivers.

Other perks include Viking appliances and custom (read: costly) window treatments. The sweet rooftop terrace’s retractable screen is a nice touch, as are the unit’s recessed and/or ubiquitous speakers.

Back in 2015, all 10 homes here were quickly scooped up when they hit the market by a demographic that builder Epic Development described as “a blend of empty-nesters and former suburbanites.” Selling prices then ranged from half a mill to three-quarters of a million bucks. Obviously, the O4W residential scene has heated up since.

This particular unit clearly has that lived-in look, but records don’t show that it’s sold before. It’s marketed as being “nearly new” and “coveted” because of its end-unit exclusivity.

The Stacks townhomes range between 2,000 and nearly 3,500 square feet, which means this sizable unit (square footage: 3,087) isn’t even among the largest, despite its four levels. It counts three bedrooms, three full bathrooms (two partial), plus a media area.

Time to offload that empty seven-bedroom in Dunwoody.