As we head into the winter months and the market is beginning to show signs of returning to a somewhat seasonal normality, the city’s housing inventory is finally seeing a rebound. After a two-year boom that saw homebuyers scrambling to purchase properties the moment they hit the market, rising interest rates and high home prices have pumped the brakes on the buying frenzy.
The recent slowdown has houses sitting on the market longer (though still averaging less than a month for Metro Atlanta), bidding wars are much less common and housing inventory is up considerably. According to GAMLS, Atlanta’s active listings are up nearly 80% since this time last year, easing homebuyers’ anxieties as competition calms and more options become available in their home searches.
However, homes in burgeoning neighborhoods like Virginia Highland are still selling at record paces. Homes like this captivating, contemporary residence just a stone’s throw away from the Beltline, Piedmont Park, and countless local restaurants and shops, are a gleaming example of newly-listed homes in the area that won’t remain on the market for long.
Boasting 4 bedrooms, 4.5 baths, and 4,400+ square feet of living space, this Virginia Highland home truly offers the best of Intown living. The main level provides a seamlessly flowing, open concept floor plan perfect for entertaining with ease. The massive, gourmet chef’s kitchen features Thermador appliances, floor to ceiling cabinets, a huge walk-in pantry, an oversized island, and views to a spacious and light-filled living-dining space.
The back wall of the home is lined with floor-to-ceiling glass doors that open to expand the indoor living with the outdoor patio and stunning, infinity-edge pool. A large dining space that seats 10+ rests alongside a modern fireplace and opposite the home’s airy living room. The main floor also hosts a large powder room, ample storage, and has direct access from the two-car, epoxy floored garage.
The home’s second floor can be accessed either via the home’s built-in elevator or the beautiful glass-wall staircase, where you’ll find three bedroom suites, two of which have their own private balconies, and all with spa-like finishes in their ensuite baths. The primary suite features its own oversized closet, a luxurious bath with dual vanities, and its own stunning balcony overlooking the backyard and pool area.
The third floor features a bonus rooftop room along with a spacious entertaining space along with a kitchenette and third bedroom. Once again accented with a wall of windows and a large balcony, this one equipped with an outdoor fireplace, the third floor offers plenty of room for gatherings and guests alike.
One of this home’s many, rare features for its location is its elegant, exterior grounds, which mirror the interior quality with custom glass & metal railings, horizontal privacy fencing with glass privacy gates, bluestone pathways lined with Mexican beach pebbles, and all new landscaping around the property. It goes without saying that this Virginia Highland home is a must see.
Listed by Erin Yabroudy & Associates with Harry Norman, REALTORS®, this home is located at 853 Ponce De Leon Terrace NE, Atlanta, GA 30306.
Comment on blog post.