Up here, high above Peachtree Street, the listing language for this glass-filled flat takes the bold, if somewhat hyperbolic, approach: “PENTHOUSE living at it’s finest!” And: “No other condo like it in the city for this price.”
And that tactic appears to have paid off.
Listed earlier this month at $1,050,000, the two-bedroom, north-facing penthouse atop the Spire building bagged a buyer in about four days.
That might seem remarkably quick (especially considering the HOA fees alone are $852), but finished, million-dollar condos are relatively rare in Midtown at the moment—roughly a dozen are for sale, many of them costing substantially more.
Perks at this 1,875-square-foot unit begin with the scenery. Find views for days from various rooms, sweeping from Cobb Galleria to Stone Mountain, with northern Midtown punctuating the in-between.
Vaulted ceilings in the living room soar 25 feet, the mounted fireplace should thwart chills, and the double dose of balconies (one expansive, one not) is nice. The impeccable (for Atlanta) 94 WalkScore is coined a “Walker’s Paradise.”
It’s a safe bet that buyers at this echelon might eventually update the kitchen’s triple-black approach: backsplash, granite, appliances. And the exposed ductwork whispers of the building’s 2005 origins.
Records indicate the condo last traded in 2013 for $625,000. And that was $110,000 less than it’d initially sold for in red-hot, pre-bust 2006.
How’s that for capricious real estate?
- 860 Peachtree St. NE Unit 2801 [KELLER WILLIAMS REALTY ATLANTA MIDTOWN]