Condo living has its challenges when the buyer is looking for significant outdoor space. There are very few condominiums in Atlanta that offer decent outdoor space, let alone massive spaces. Spaces big enough to have an outdoor kitchen, hot tub, covered areas and outdoor dining/lounging areas. Look no more. This huge terrace can be found at Aqua Midtown at Penthouse 2301. We took a look at the inside space a couple days ago, so today we’ll explore the outside. Hopefully you will see why this penthouse is one of my favorites in Midtown. Above is the stunning Downtown view from one of the terraces. Click Here for More Photos & the Rest of the Feature

There aren’t too many penthouses in Atlanta where you can find just as much exterior space as interior space, but this penthouse at Aqua Midtown has both. Best of all, it has never been occupied so you don’t really have to deal with any “mistakes” the previous owner has made. This particular penthouse was supposed to have been the developers personal residence, but he has since moved on. There were some changes made to the space (definitely good ones) so this isn’t your cookie-cutter plan.

You enter the penthouse from a private elevator foyer. The space is round and features a trey ceiling and a hidden door leading to the service area. There is also a media room with a screen that drops down from the ceiling. The entire condo has been pre-wired (which cost over $50,000) for anything your heart desires. You can have total home automation, including remote controlled shades. There are a large amount of windows throughout, so the space is always bright and sunny. Major rooms open directly out to the terraces. Click Here for More Photos & the Rest of the Feature

Starting October 1, Fannie Mae and Freddie Mac will cut the size of loans they buy from lenders. What does this mean to you if you are purchasing homes in the luxury market? Loan limits will drop (to $625,000) and it may end up costing buyers more to purchase the home you want, especially if you are already under contract to purchase. The reality is future borrowers may be pushed into the more expensive, hard to get jumbo loans.

Our condo market inventory is shrinking. Many condo buildings (Luxe, Viewpoint, Paramount, Twelve Centennial Park, Terminus, Serano and Gallery) are either completely sold out or nearly sold out. Other projects like Aqua, The Ritz-Carlton, Sovereign, 1010 Midtown and The Atlantic are closing condos at a brisk pace. At Luxe, they only have two units left to sell and both are priced above $700,000.

You can check out the article in USA Today here.

We finally moved into our new digs at Town Brookhaven! I’m so excited to be working for such an awesome company and in such a beautiful, new space. If you haven’t been to Town Brookhaven, you should stop by and visit some of the restaurants and shops. It has Georgia’s largest LA Fitness (2-stories), an intimate movie theater called CineBistro (with reserved seating, upscale dining and full bar), new Publix and Costco, several restaurants and much more.

Keller Williams Realty Peachtree Road Moves to State of the Art 14,000 square ft. Facility

Keller Williams Realty Peachtree Road, The Rawls Group opened new doors on Friday, August 12th to 14,000 square feet of luxury office space for the 220 agents that have Real Estate licenses with the top producing company. With one of the largest training facilities in any residential firm, Peachtree Road will provide cutting edge education and technology to Real Estate professionals

Team Leader Brad Feiman noted, “Providing the highest level of customer service to our clients and agents is our number one priority. Our new location provides visibility combined with a working environment that exceeds all standards and expectations in our industry. We are thrilled to be able to offer the facility to both the public and our valued agents and employees.”

Keller Williams Realty Peachtree Road opened its doors in 2003 and has grown to one of the largest and most profitable Real Estate office in Georgia and ranks in the top 50 in the nation. Since 2005, the office has been led by former top producing agent Brad Feiman.

The new office is located at 804 Town Blvd., Suite A2040, Atlanta, GA 30319 – 404 419-3500

Led by Operating Partner Shaun Rawls and General Manager Jeri Moran, Keller Williams Realty First Atlanta, Sandy Springs, Keller Williams Realty Peachtree Road, Keller Williams Realty Smyrna/Vinings, Keller Williams Realty Buckhead, Keller Williams Realty East Cobb and Keller Williams Realty Perimeter North, The Rawls Group offices are “Changing the way you THINK about Real Estate”. Keller Williams Realty is the fastest growing and third largest residential real estate firm in the United States. The Rawls Group ranked #1 in the Atlanta Business Chronicle’s “Best Places to Work.”

Can you believe we are already through the second quarter of 2011? Time sure goes by quickly. I pulled the highest sales for the second quarter and the results weren’t too surprising. Sovereign continues to be the dominant building in the luxury market closing units over $1,000,000.

It’s not that there aren’t a good number of units over a million to sell. When I pulled the listings in FMLS (First Multiple Listing Service), there are currently 100 properties available. Remember, that doesn’t include units in buildings where the developer hasn’t listed all of the inventory. Still without a single sale this year are The Mansion on Peachtree, W Downtown Atlanta Residences and the St. Regis Residences in Buckhead.

So what does the top 7 list look like?

1. Sovereign Penthouse B – Unit 4802 | Closed on 5/24 for $5,000,000 (MLS Available Properties)
   
2. Sovereign Unit 4201 | Closed on 5/2 for $1,975,0000 (MLS Available Properties)
3. Sovereign Unit 3901 | Closed on 6/15 for $1,750,000 (MLS Available Properties)
4. Sovereign Unit 3101 | Closed on 4/13 for $1,310,000 (MLS Available Properties)
5. Regents Park Unit 10 | Closed on 5/25 for $1,200,000 (MLS Available Properties)
6. Ritz-Carlton Residences Buckhead Unit 2507 | Closed on 6/15 for $1,073,500 (MLS Available Properties)
7. One Brookhaven Unit 204| Closed on 6/03 for $1,000,000 (MLS Available Properties)

I’ll continue to track closings. If you have specific questions about the market (in any price range), please let me know. You can email me privately or simply make a comment below.