Slow but Steady – Sovereign Closes Penthouse 4802

Sovereign Buckhead atlantaskyrise.com

Nothing is stopping Regent Partners from making big sales in their luxury Buckhead building. They recently closed their second penthouse – the best one in the building – unit 4802. It’s a two-story unit with a 50th floor optional pool. Penthouses with pools are a dime a dozen in cities like Miami, so this is a very special thing for Atlanta. This is also the highest sale in the building to date.

The $5,000,000 dollar sale took place last week according to the First Multiple Listing Service. The unit is slightly smaller than originally planned for. The buyers of penthouse 4801 carved out a little extra space for their unit. Even still, the approximately 8,900 square feet is space in the unit is among the largest condo spaces in Atlanta. Unit 4802 was sold as raw space and did not include any build-out allowance. The buyers have opted to do that on their own, with some help of course! Any guesses on the build-out number? Id love to hear your thoughts!

Did you know there hasn’t been one sale in the building under $1,100,000? You are probably thinking they don’t have any units priced under a million. Surprise, they have condos starting at $799,000 (with about 1,563 square feet of interior space and a huge 439 square terrace).

Sovereign has closed over $50,000,000 in sales since opening in 2008. In comparison, 10 Terminus Place recently sold out and closed over $67,000,000 in sales.

Can’t get enough of Sovereign? Click here for blog features, click here for building information and here for sales information.

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2 Comments

  • Wow!Correct me if I am wrong but what a bargain for that space. Granted it is a shell, but the orginal asking price was close to 10 million I believe. How are sales doing in the midtown condo market in buildings such as 1010 and luxe?