Tag Archives for " Atlanta "

5 Celebrities Who Went Bankrupt Lost Their Luxury Homes

| Celebrity Homes

Celebrity Wealth & Bankruptcy

The two seem to go hand-in-hand for many celebrities who catapult to fame, only to be shot down from their glory with a fat atx bill, a costly divorce, or a poor investment decision. In this post, we’ll be discussing how some of the most high-profile and prolific celebrities have had to undergo bankruptcy, restructuring, and ultimately adjust their lifestyle considerably. Read on to learn more about some of the most popular cases of celebrity bankruptcy and how you yourself can avoid such a predicament.Continue reading

5 Of The Most Expensive Neighborhoods in Atlanta Luxury

| Blog

Atlanta is known for having multiple upmarket areas, where houses go for more than twice the national median and incomes per household are also almost double the national average. Some of these wealthy neighborhoods are home to doctors, lawyers and successful business executives, which is why Intown Atlanta real estate is referred to as the land of the 1%.

But where exactly do the richest people in Atlanta live? From the luxurious Buckhead, to the upmarket neighborhood in Kirkwood; we take a look at the top five wealthiest neighborhoods and what they have to offer:Continue reading

8 of the Richest Areas in Atlanta by Neighborhood

| Luxury Market

Atlanta isn’t exactly known for luxury, it’s not near the ocean or water and yet it’s one of the largest cities in America.   Atlanta’s luxury real estate technically starts at $500,000 but for that price you could get everything from a sprawling mansion in the suburbs to a small condo in the inner city.  So where is the real Atlanta luxury real estate?  We’re here to show you 8 of the Richest Areas in Atlanta by Neighborhood.

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Before we begin, there’s a few Atlanta natives that might read this and we need to clear up why certain areas or neighborhoods were left off.  Luxury and Buckhead in Atlanta are almost synonymous and while you might colloquially say that Buckhead is a neighborhood, it’s actually not any sort of official area, neither is Midtown.  It’s just an area that the locals know.   So while, Druid Hills and Brookhaven all have some major luxury real estate in Atlanta, if it wasn’t an official “subdivision” then it didn’t make our list.  In addition, the subdivision had to have active homes for sale in order for us to include it.  Finally, Atlanta condos did not make the list either.

Atlanta Luxury Neighborhoods

8.  The River Club – Suwanee GA

Considered to be the most luxurious real estate in Gwinnett county, The River Club starts with homes above $1 Million and goes as high as $6 Million.  A gated community, with swim, tennis and of course, golf,  The River Club is a hot attraction for top executives and athletes including Mark DeRosa who is selling/sold his mansion..   The River Club is particular popular with dentists and doctors as it’s a great neighborhood with amenities for the entire family.

 

8 of the Richest Areas in Atlanta

7.  The Manor – Alpharetta, GA

In the same vein as The River Club, this gated community features what’s affectionately called, “McMansions.”   Situated on lot size less than one acre, these min-estates are nestled in one the most popular relocation cities to move to outside Atlanta, Alpharetta GA. In fact, Alpharetta real estate is one of the richest areas in Atlanta.   The Manor is known for it’s high end real estate, but tennis enthusiasts will sing the praises of one of the largest tennis facilities in the state.  Of course, The Manor features, golf, indoor and outdoor swimming and playgrounds.

 

8 of the Richest Areas in Atlanta

6. Morningside – Atlanta GA

If there was a classic go-to Atlanta neighborhood with historic value it’d be Morningside.  Although many Atlantans might call Morningside luxury, it’s in its own category because it’s just a neighborhood where people genuinely want to live.  There’s not too many status symbols in Morningside (aside from the wildly varying architecture), and although there are typical amenities, it’s nothing close to the wow factor of The Manor or The River Club.  Homes start in the Million range and go up to $2.7 Million with homes built in the 1930s.

Richest Areas in Atlanta

5.  Haynes Manor – Atlanta GA

Many of the homes in Haynes Manor look as if they were plucked from the French countryside and placed on Atlanta fescue. Built in the 1920’s Haynes Manor features homes priced from $1 to almost $4 Million.  Haynes Manor is popular due to it’s history, larger lot sizes and proximity to one of the richest areas of Atlanta, Buckhead.

 

Richest Areas in Atlanta

4.  Sugarloaf Country Club – Duluth, GA

Sugarloaf Country Club is home to some of the more famous real estate, in part because of it’s luxury, but more likely due to it’s infamous past (from Michael Vick’s foreclosure, to “the madame”). Sugarloaf Country Club is also home to many athletes, doctors and other executives. The reason is the same as The River Club and The Manor, in fact, on many occasions these neighborhoods compete for buyers. Sugarloaf CC is a part the the TPC as well as home to tennis, swim and a gated community (which can’t be said for all of the neighborhoods on this list.

Richest Areas in Atlanta

3.  Atlanta Country Club

A bit of a misnomer, as the Atlanta Country Club is actually located in Marietta, GA.  With prices from around $1 Million to $5 million this neighborhood could still be financed.  However, expect to be asked for your luxury home pre-approval.  Atlanta Country Club is a classic subdivision from the 1980’s that stands as timeless luxury.  Atlanta Country Club is home to Robin Meade among other celebrities.

 

 

Richest Areas in Atlanta

2. Ansley Park – Atlanta, GA

Even wikipedia says, Ansley Park is an affluent residential neighborhood in Atlanta, Georgia (aka richest areas in Atlanta). With homes that date back to nearly 1900, the subdivision is classified as a historirc district. In 2008, the median household income for the neighborhood was $226,335. With homes ranging from $1 Million to $4.5 Million.

 

Richest Areas in Atlanta1. Tuxedo Park – Atlanta, GA

Tuxedo Park is by far the most luxurious real estate in Atlanta!  Quite possibly the Richest area in Atlanta.  With prices up to $12 million and names that are not just rich but also powerful on the street, living here means you likely know someone who knows someone.  Tuxedo Park is home to the Governor’s mansion and has been the home of Robert Woodruff, former chairman of Coca Cola, and Bobby Jones, the beloved golfer, and currently Nathan Deal.

Any luxury real estate agent worth their salt knows about Tuxedo Park!

Conclusion of 8 of the Richest Areas in Atlanta

That concludes our look at the richest areas of Atlanta by looking at the top 8 neighborhoods in the Atlanta metro Area.  Some honorable mentions are Chastain Park,  several neighborhoods in Johns Creek, such as St Ives, Chateau Elan in Braselton, as well as St Ives in Monroe GA.  As a side not it’s a shame that many of these multi-millon dollar communities don’t hire professional real estate agents, many of the photos we shared here were picked through many other photos that were not “shareable.”

Atlanta Luxury Condos – 1065 Peachtree St Atlanta GA 30309

| Luxury Market

Atlanta Luxury Condos are becoming more popular and this one at 1065 Midtown is no exception. Daniel Corp. developed 1065 Midtown, including the Loews Hotel and 52 residences, as part of its 12th & Midtown project. It later sold the 1065 Midtown units to TriBridge Residential. Rents have been averaging from about $2,500 to just under $7,000. The first conversions of the 1065 Midtown condos will come as tenants’ leases begin to expire.

Why This Matters to Luxury In Atlanta

The decision to convert the units comes amid improving Atlanta condo market. Resale prices for city condos surged 71 percent in the last four years, from an average of $140,000 a unit to $240,000 a unit, just under the median price points.Continue reading

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