ATLANTA, GA — Kathy Rubenstein of Beacham & Company, REALTORS® represented the buyer on the purchase this month of 3560 Ridgewood Road which was listed for $5,150,000. The sale was Beacham & Company’s third of more than $4 million this year and is among an elite group of eight homes to sell north of the $4 million mark in 2015 according to the local MLS.
The home at 3560 Ridgewood Road was built in 2003 and designed in classic Regency style by the architectural firm Harrison Design. The seven bedroom, nine bath gated estate features numerous superlatives such as a kosher chef’s kitchen and serving kitchen, terrace level spa, five-car garage, au-pair or nanny quarters, home theater, atrium and English bar, three verandas and pool with bluestone terrace surround.
Sales of luxury residential properties are way up in 2015 compared to 2014. The number of homes sold for more than $3 million this year is 18 compared to just six in 2014. Much of the reason for the renewed strength in Atlanta’s luxury home market has to do with pricing. Many sales such as 3560 Ridgewood Road have been on the market for years and significantly reduced. The average sales price of homes sold for more than $3 million in 2014 was $4,168,833. This year, the average is $3,836,248, or a difference of 8%. As it did last year, Buckhead leads the way with 14 of the 18 sales this year.
About Beacham & Company, REALTORS®
Beacham & Company, REALTORS® is an independent, locally-owned, full service residential real estate brokerage firm that specializes in Atlanta luxury real estate. Since its inception in 2006, Beacham & Company has the top producing agents in Atlanta by dollar volume of real estate sold and the highest average sales price of any firm in Atlanta. The firm is located in the heart of Buckhead at One Buckhead Plaza next to the St. Regis Hotel and across the street from Buckhead Atlanta shopping district. The firm has more than 90 full-time licensed sales associates.