Even amid Atlanta’s molten housing market of recent years, as real estate wonks know, Old Fourth Ward has emerged as an outlier, notching average home price increases of more than 135 percent between 2013 and 2018.
But still, is O4W so in-demand now that a fairly large house can bag almost $420 per square foot?
This newly listed modern from 2016—marketed as “exquisite,” “one of a kind,” and “luxe”—is doing its best to find out.
Fittingly located on Fortune Street (sorry), this angular three-bedroom of 2,614 square feet (architect unspecified) maximizes its hilly lot on a dead-end street, clearly not the work of some fly-by-night LLC.
The spacious rooftop deck with views to downtown is particularly dynamite, and the creative kitchen proportions are like few others around Atlanta.
The house overlooks John Lewis Freedom Parkway and the original Highland Bakery, with Ponce City Market a few blocks in the other direction.
And it’s one of just four standalone O4W residences on the market right now (with or without contracts) asking north of $1 million.
Others include the daring, polarizing Haus Gables off the Beltline; a large, now-discounted remodel between Boulevard and Central Park; and what’s been called an “iconic” live-work space also lording over Freedom Parkway.
The Fortune Street property listed this week with Compass for $1,095,000.
Achieving that price could make it the neighborhood’s most expensive sale for a house this size, though it’s worth noting a slightly larger modern, around the corner on Ashley Avenue, ended up fetching $1.1 million on the nose in February.