The Residences At W Atlanta - Downtown Announces Penthouse Sale For $1.2 Million

Staff Report

As the demand for luxury condominiums continues to intensify, The Residences at W Atlanta – Downtown confirms yet another condominium home sale, leaving only two remaining for purchase. The spectacular two-story, 3,443-square-foot penthouse, sold for $1.2 million, the highest price paid for a downtown condo this year. The sale highlights a strong desire for this luxurious five-star lifestyle and – with only two finished penthouses remaining – buyers will be hard pressed to find anything that compares.

“As demand continues to rise – so does pricing,” said David Tufts, president of The Marketing Directors. “This sale marks a surge in demand as available inventory continues to be absorbed – all indicating that now is the time to buy.”

Lending to the property’s desirability and sales success is Downtown Atlanta’s continued revitalization including the Streetcar, impending mixed-use conversion of Underground Atlanta and the redevelopment of multiple other sites such as Turner Field.

The two remaining finished penthouses both boast large square footage, sleek modern design and magnificent floor-to-ceiling windows along with five-star luxury finishes such as Gaggenau appliances and Dornbracht fixtures and include $50,000 to spend your way. These two available homes provide the last opportunity to purchase new and never-occupied condominium residences at below replacement cost.

The broker representing the buyer for this transaction was Adrian Schmidt with Atlanta Fine Homes Sotheby’s International.