Impressing your American friends and relatives isn’t as easy as it used to be.
According to a recent report from Trulia, luxury real estate no longer starts with a $1 million price tag; instead, $5 million is the new benchmark for purchasing top-end residences.
In fact, a look at the home values in the top 100 metro areas shows that 4.3 percent of homes are valued at $1 million or more. That may not sound like much, but it’s quadruple the amount of $1 million homes listed in 2002.
Furthermore, according to the report, what used to cost $1 million now prices out at $5 million or more. Think of homes with at least five bedrooms, six bathrooms, and more than 5,500 square feet.
So what does famously “affordable” metro Atlanta have to offer for $5 million or more?
Here’s a sampling of what’s available in a few choice destinations for the region’s big-bucks mansion hunters: Buckhead, Sandy Springs, Marietta, and Duluth.
Square footage: 12,916
Summary: English country home exterior contradicts a modern interior.
Completed in December, this estate includes many features one would expect in such a luxe property: elevator, wine cellar, and a master “wing” that would rival many intown apartments in terms of size. Per the listing, the colorful interior was created for a charity event, and is being restored back to neutral colors. Hope that applies to the wallpaper as well.
- 1800 Garraux Road N.W. [Berkshire Hathaway HomeServices Georgia Properties]
Square footage: 9,725
Neighborhood: Tuxedo Park
Summary: Become neighbors with Governor Nathan Deal.
Designed by famed Atlanta architect Philip Schutze, this gated home next door to the Governor’s Mansion features a lot of traditional touches inside and out. Think chandeliers dripping with crystals, lots of wrought iron, and plenty of decorative molding. There are some modern upgrades though, including a cozy media room on the third floor.
- 3351 Woodhaven Road N.W. [Atlanta Fine Homes Sotheby’s International Realty]
Square footage: 11,165
Neighborhood: Sandy Springs
Summary: Resort living close to Atlanta’s core.
Sporting interesting angles and arches, this luxe home includes a bounty of (standard) amenities for a home of its caliber. Think expansive outdoor kitchen, fireplace, and pool deck, along with a media room, bar, wine cellar, and billiards room. Techies will love the smart home setup and elevator.
- 4875 Jett Road [Berkshire Hathaway HomeServices Georgia Properties]
Square footage: 16,080
Summary: European decadence close to nature.
Near the Chattahoochee River National Recreational Area and Sope Creek Park, this European mansion takes full advantage of the great outdoors with not one, not two, but four outdoor verandas, plus 157 windows overlooking the grounds. Other noteworthy features include the floating staircase, elevator, and the massive his-and-her walk-in closets.
- 4340 Paper Mill Road S.E. [Berkshire Hathaway HomeServices Georgia Properties]
Square footage: 13,800
Neighborhood: TPC Sugarloaf, Duluth
Summary: Country club living at its best.
Overlooking the 10th and 11th greens of TPC Sugarloaf, this expansive home epitomizes elegance and grandeur with its many chandeliers, columns, and elaborate molding. From the oversized game room complete with full bar and kitchen to the luxurious theater room to the separate outdoor entertainment area and pool house, there’s no doubt this house would be the star attraction for entertaining.
- 2233 Grady Ridge Trail [Sugarloaf Realty Partners]