Top Atlanta Real Estate Deals of 2012
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Last year, Atlanta Real Estate Forum was first to capture some amazing deals in the Atlanta real estate industry. In fact, there were too many to mention in this post. So, from hotels to mansions to townhomes, here is a list of our top five favorites in chronological order:
• Warm Up to Savings During the spring and summer of 2012, Edward Andrews Homes hosted a Warm Up to Savings Event. The builder offered amazing incentives at many of its Atlanta area communities. These included $10,000 in free options, free metal porch roofs and accents, free side-entry garages, $20,000 in free options, free bricks on sides, upgraded stainless steel appliance packages and exquisite trim packages. The sale definitely made the summer hotter, and caused a lot of homes to be sold!
• Tuxedo Road As the third-highest dollar volume sale in Atlanta and Georgia in 2012, this foreclosure in the prestigious Tuxedo Park area of Buckhead was a huge deal. Sold for $3.5 million in August by GaHomeForeclosures, the home was the 2008 Atlanta Symphony Orchestra’s Decorator’s Showhouse. The interior features appointments that surely helped it sell fast, including a two-story great room with 40 foot high ceilings, an elevator, a wine room, personal gum and even a sauna.
• Alderwood Townhomes More than just amazing Atlanta townhomes, Alderwood in Sandy Springs is the perfect example of suburban reuse. Originally a 1970s office park, the land was purchased by The Davis and Alex Weber Jewish Community High School in 2003. Then, in 2005, a builder bought the land and started the community with homes priced from the high $400,000s to $500,000s. Ashton Woods Homes purchased the rest of the land and opened the community in September. Now priced from the upper $200,000s, homes are both affordable and architecturally distinctive.
• Lake Lanier Hotel Renovated by Rialto Capital Management, this hotel in the popular Lake Lanier recreational area went from aged foreclosure to a top-of-the-line Best Western Plus. The lobby, guest rooms, fitness center, pool area and exterior were completely transformed before its October grand opening. Goodbye dilapidated hotel, hello vacation spot!
• Come Home to Christmas During the holidays, Atlanta home builder Piedmont Residential hosted a Come Home to Christmas Sale at its twenty metro area communities. Buyers who wrote contracts between October and December received $2,500 in closing costs, half off the first $10,000 in options and a free custom Christmas tree. With communities in great locations, this promotion had tons of buyers storming to purchase new homes as the ultimate holiday gift.
Did you favorite deal make this list? If not, let us know your favorite Atlanta new home deal! Post a note in our comment section.