Just this afternoon Cousins has closed the very last of the developer units at 10 Terminus Place (in one of the most challenging real estate markets). A couple weeks ago, Cousins CEO Larry Gellerstedt said he expected the project to be out of 10 Terminus Place (and the condo market) in the next couple of quarters. It looks like they can pack up sooner than expected.

How did they manage to sell everything? It’s all about price as you might have guessed. I’m really super excited to see the building doing so well. I have a number of clients living in the building and they are all quite happy with their purchase! Currently there is a single resale unit for sale. The 32-story tower opened in 2008 and has 137 luxury condominiums.

If you are thinking about listing your Terminus condo, please contact me!

I am happy to report the largest penthouse available at the nearly sold-out Terminus project in Buckhead closed yesterday at a price of $1,700,000. This represents a considerable discount of nearly 53% off the the very original list price when the building first opened of $3,600,000. Most recently, Cousins reduced the price to $2,592,000 when the market started to go South. This is the highest priced sale in the building.

The reality of the situation is the seller was smart enough to know they have to adjust their prices in order to move the inventory. They now have just one penthouse left in the entire building to sell and it is under contract. I have heard from a few people who live in the building the new owner is a new player on the Atlanta Braves team. He obviously has very good taste! I’m wondering what he going to do with the enormous terrace. Thoughts?

Are you looking for a terrific brand-new condo to lease in Buckhead? (This property has been leased 2/14/11) Look no further. This luxury unfurnished condo is located at  the nearly sold-out Terminus starting March 1st. This condominium has so much to offer and best of all, it has never been lived in. This 26th floor corner condo features 10′ ceilings, a dream kitchen, floor-to-ceiling windows, 3 full bathrooms, separate den, wet bar, a private covered terrace and so much more.  This property won’t last long. Condominiums at Terminus have been leasing within a month of going on the market and this is your opportunity to grab it for yourself before I put it into the MLS.

Terminus has the best amenities for its residents, including: valet parking, 24 hour concierge, dedicated lobby level staff, club room, 2 guest suites, massage room, media room, catering kitchen, indoor/outdoor fireplace, pool and jacuzzi, 14th floor dog walk, 2 outdoor grills, outdoor yoga space and so much more. Click Here for More Photos & the Rest of the Feature

The big news of the weekend comes from Sovereign, where the remaining two-story penthouse was reduced from $9,520,000 to $7,495,000. Now that may not sound like much considering the other penthouse sold for $4,200,000, but it shows Regent Partners is pushing hard to move the remaining inventory, including it’s most coveted unit. The MLS now has about 18 of Sovereigns units listed.

Since opening in late 2008, Sovereign has sold just 18 of its 82 luxury condos, totaling over $36,000,000 in sales. Last year, I showed you a Barbara Westbrook model home on the 43rd floor. It’s now under contract with a list price of $2,200,000.

Check out the remaining Sovereign penthouse here.

Once in a while, a special property comes on the market. One that doesn’t need any work, has spectacular views, beautiful finishes, great space and layout and all in a terrific location. This stunning penthouse is located at The Peachtree Residences in Buckhead.

You probably have seen this penthouse on the market last year, and if so, you need to take a second look. A lot has changed since then. I looked at this place a few years ago and always knew it had the potential to be something special. The owner recently renovated the space and really made some great necessary changes. First, they completely gutted the old kitchen, re-oriented the island and removed the doors to the space. This not only opened up the room and made the space flow better, but it allowed you to enter the foyer and see directly out to the Buckhead skyline. The dining room also had some significant changes. A doorway was added leading to the bedrooms and a 300 bottle wine closet was installed. In the foyer, a wall was removed to open the space to the dining room. A virtual tour link is located at the bottom of this post. Click Here for More Photos & the Rest of the Feature