For new Old Fourth Ward townhomes, entry-level pricing is the mid-$500Ks

The majority of new townhome product in piping-hot Old Fourth Ward has been climbing toward the million-dollar mark for years, with listings that lord over the Eastside Trail now commanding as much as $1.3 million.

Meanwhile, the entry-point for similar (but obviously smaller) new properties in the neighborhood has sailed north of the half-million threshold.

Examples of the spectrum’s lower end are found at opposite sides of Old Fourth Ward right now—off Edgewood Avenue and especially near the neighborhood’s junction with Midtown.

That’s where the latest offerings at a project called Views at O4W have come to market in recent days, positioned on Parkway Drive, between Ponce de Leon and North avenues.

On the radar for two years, the three-phase community has made listings available between $549,000 and $559,000, according to Compass.

With this batch, that buys three bedrooms, three and a half bathrooms, and unspecified square footages. (HOA fees are posted at $250 per month, with a $500 initiation fee.)

Eventually, the project will count 27 homes. Reps with builder Foyer Urban previously said square footages will top out around 1,860.

Another three-bedroom, ostensibly larger, home sold in the low $700,000s in November. At least one other unit traded last summer for about $675,000.

Compass

Despite the primo 88 WalkScore (Ponce City Market is three blocks east, and Piedmont Park a few blocks north) some buyers could consider the location a compromise—an impression that headlines this year haven’t helped.

If a model unit is any indication, however, rooftop terraces could be exceptional, and high-end appliance packages including Wolf ranges and Sub-Zero fridges aren’t often seen at this price point. Each unit has a two-car garage.

Have look around a model home below.