High above Buckhead in the sleek Sovereign tower, this 2008 condominium owned by local celebrity lawyer Ken Nugent continues to solicit potential buyers.
With 3,742 square feet, the unit is spacious, but surprisingly contains just two bedrooms and three bathrooms. Although it does boast “breathtaking views of the Atlanta skyline,” which “are any homeowner’s dream,” per the listing.
It’s also outfitted with such details as custom white oak ceilings, a surprising pecky cypress den, a three-sided fireplace, and floor-to-ceiling windows at every turn.
And that massive terrace complete with fireplace overlooking both Buckhead and downtown Atlanta provides quite the sweet spot for relaxing or outdoor entertaining.
Beyond the condo, the unit also comes with three covered parking spaces plus wine storage (you know, in case that wine refrigerator in the kitchen isn’t large enough).
In addition, “spectacular” building amenities include a saltwater swimming pool, a hot tub with fireplace, two club rooms, a guest suite, fitness center, wine cellar, and media room.
We first spotlighted this unit in January 2017, a good four months after it’d initially hit the market in 2016. At that time (with decidedly different decor), the asking price was $3.25 million.
Since then, the property’s had a rocky history on the market, going from potential rental to receiving numerous price cuts.
In June, after a brief stint off the market, the condo reappeared, this time for a much lower $1.9 million. Will this price point be the one that finally garners, “One call, that’s all”?
Update: After publication, the listing agent, Jack Derrickson, weighed in to say the extended time the condo has been on the market is not unexpected. According to him, the average shelf life for a listing in this price range in Atlanta is about 57 months, and this property has only been on the market for three and a half months.
He further stated the property was leased in 2017 with an intent to buy or a lease purchase. However, the buyers had a change of plans, so the condo went back on the market. “We have an aggressive price and have been getting a lot of attention,” Derrickson says. “Things at this price point just take some time.”
- 3344 Peachtree Road N.E., #4201 [Harry Norman, Realtors]