6 Most Surprising 2022 Real Estate Deals in Georgia
Demand for luxury homes remained high in Georgia despite the significant rise in mortgage rates. Likewise, the most surprising 2022 real estate deals in Georgia sent shockwaves given the premium price paid.
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Georgia’s real estate sector has been on an upswing on the state emerging as one of the best for doing business and best for labor climate. With the population growing by 4.7% annually, demand for real estate is always high amid increasing income levels. Therefore, it does not surprise that the most surprising 2022 real estate deals in Georgia topped the country’s average.
Demand for luxury houses is always high due to the state’s high income. The peach state is also home to extravagant homes whose prices go into millions of dollars, targeting the filthy rich in society. Given the high demand for luxury properties, it does not surprise that most are valued at over $10 million.
While a spike in mortgage rates rattled the real estate market, it had little impact on the luxury housing market, going by the most surprising 2022 real estate deals in Georgia. A majority of the properties sold were paid for in cash.
Most Surprising 2022 Real Estate Deals in Georgia
The Mansion at Great Hill Place
Built in 2002, the Mansion at Great Hill would have been the most surprising 2022 real estate deal in Georgia. Hidden among 300 acres of private land in Bolingbroke, it is a mega-mansion whose price increased threefold from $15 million to $45 million.
The steep asking price has to do with the unique architecture styled to look historic. While the mansion is styled to look historic, it features classical details like clad in wood and a library den. It also comes paired with smart home devices.
Featuring 13,500 square feet of living space, the Mansion comes with seven bedrooms and seven full bathrooms. The interior features a grand staircase to the second floor, with fluted Corinthian columns. Intricate woodwork everywhere adds to the unique Georgian style. In addition to the main house is a barn, a stable, and silo shaped guesthouse. There is also a 10-acre manmade lake with an 8-foot waterfall.
Tyler Perry’s Former House
Tyler Perry’s former house could also have topped the list as one of the most 2022 real estate deals in Georgia had it found a buyer for $25 million. Instead, the property has exchanged hands several times since the days Tyler Perry was the occupant.
The insanely big property has a unique architecture inspired by the Palace of Versailles. The mansion offers nine bedrooms and more than 14 bathrooms. The house is served by an elevator for easy movement between the floors. It also comes packed with a swimming pool and an underground ballroom. Entertainment is made possible by a full-fledged movie theater and library.
The Getaway at Little Hawkins Island
Little Hawkins, the private island in Georgia, is home to one of the most expensive homes in Georgia, going for $17.8 million. Built-in 2007, it features 11,000 square feet of living space standing on four-acre land.
The property comes with five bedrooms in the main house, all offering panoramic views of the Georgia sky and marshland.
The main house connects to the river on the side, where one can enjoy a boat ride. The main house also has a bar and pool table, among other luxury items. Apart from the main house, there are also a series of guest cottages on the side and a clubhouse. There are also indoor and outdoor living areas.
120 Hawkins Lane is a waterfront villa
The waterfront villa located at 120 Hawkins Lane was one of the most expensive properties going on sale in 2022 for $17.8 million. The high price tag has to do with the fact that the property is located on a gated private island compound.
The mansion stands out thanks to its classic villa architecture with arched doorways. Elegant hanging fixtures and tile backlash add to its unique style. The main house is connected to a boat dock. The property also has two guest houses and a clubhouse with a bar. There is also a pool overlooking the water.
The Estate on Trammel Road
The Estate on Trammel Road was also in the running for the most surprising 2022 real estate deals in Georgia, offering 50,000 square feet of living space in a 72-acre plot. Often referred to as Le Reve or the dream, it looks like a mansion of gothic fairy tales.
The mansion comes with seven massive bedrooms with a huge spiral staircase. While the house was once valued at $50 million, it has depreciated owing to reports of foreclosure, among other problems.
The Mega-Home on Ferry Road
Built-in 2000, the mega home on ferry road was one of the properties on course to become the surprising 2022 real estate deals in Georgia on sale for $12.5 million. The million-dollar mansion offers 13,500 square feet of living space. It features six bedrooms and six and a half bathrooms.
The two-story penthouse has an elevator to access the master suite and the movie theater. There is also an in-ground swimming pool and four fireplaces. The mega home also comes with a rock-climbing room and a modern farmhouse.
Bottom Line
The spike in mortgage rates amid an increase in interest rates has seen property prices in Georgia increase significantly. Some of the most surprising 2022 real estate deals cost upwards of $10 million, affirming the hot luxury home market.
