Sovereign Penthouse 4801 Closes at $4.2 Million
The new year is off to a bang with the December closing of Sovereign’s penthouse 4801. The 9,572 (combined interior and exterior) square foot space closed at $4,200,000 ($535 psf - based on interior square footage) This is the highest priced condo sale in the building so far, but definitely not the highest priced closed sale in Atlanta.
The unit is raw space, so the buyers have every opportunity to design their dream home, with the build-out managed by Regent Partners. The penthouse is one of two true penthouse units in the building and are the highest residences in Atlanta. The penthouse was initially offered at $7,480,000
See my original blog post on the penthouse here.
Some examples of floor plans for Penthouse A & B can be found in a previous post
Penthouse A - Unit 4801A
Floor 48
7,853 average interior square feet
1,719 average terrace square feet
$952 per square foot
Current state: raw space
Offer Price: $7,480,000
January 6th, 2010 at 8:11 am
Wow, that is fantastic
January 6th, 2010 at 2:06 pm
Wow, I was way off. I think that was a great price. Is THE penthouse with the pool still on the market? How do you think sales of Sovereign, and in particular, Mansion might fare now in light of the recent news of possible foreclosure for Mansion on Peachtree?