Elton John’s Atlanta home, known for its flamboyant flair, has just fetched a whopping $7.22 million, soaring 45% above its initial asking price — and not long after listing for sale.
The listing agent, Chase Mizell of Atlanta Fine Homes Sotheby’s International Realty, confirmed the sale to the Wall Street Journal.
The “Rocket Man” singer had long utilized this opulent condo as his American pied-à-terre.
The residence hit the market in September, right on the heels of his unforgettable farewell tour, with an asking price of $4.99 million.
Mizell, the real estate maestro behind this sale, remained tight-lipped about the buyer’s identity but revealed the purchaser was a local — and, perhaps most impressively, paid the entire sum in cash.
The four-bedroom unit was strategically priced to capture attention, and it did just that. “We had a ton of interest right out of the gate,” Mizell told the Journal.
In what is destined to be etched in Atlanta’s real-estate history books, this deal will join the ranks of the most prestigious condo sales in the city. In 2019, a St. Regis Atlanta condo exchanged hands for a shade under $14 million.
The star’s former stomping grounds, spanning a jaw-dropping 13,500 square feet, were a labor of love meticulously assembled over the course of many years.
The singing sensation, known for timeless hits like “I’m Still Standing,” initially purchased a modest 2,500-square-foot duplex at the Park Place on Peachtree in 1992.
Over the years, he expanded his empire within the building, amassing a total of five additional apartments. Atlanta, with its convenient flight options for his worldwide tours, had a special place in his heart. “The city adopted me and I adopted it,” John once said.
The apartment, complete with captivating views of the city’s skyline, boasts multiple amenities. It houses a gym, a massage room and a spa-like primary bathroom adorned in lavish onyx.
Mizell confessed that pricing this unique gem proved somewhat challenging.
The residence, spacious yet unconventional in its layout, featured large areas where John used to showcase his impressive photography collection.
“We strategically underpriced it so the price would go up, rather than list for an ambitious price and potentially have it sit on the market,” Mizell told the outlet.
The star power of Elton John only heightened the frenzy among potential buyers, some of whom weren’t even actively searching for a new abode. The gallery space within the residence added an extra layer of charm, luring in art enthusiasts with substantial collections.
Betsy Akers, the agent representing the fortunate buyer, declined to comment.
The Park Place building, constructed in the ’80s, boasts around 250 opulent apartments and is considered one of Atlanta’s most prestigious addresses. This unit’s perks include nine reserved parking spaces, six private storage units and even five wine-storage units for the true connoisseur.
Despite this spectacular sale, Mizell cautions that Atlanta’s luxury real estate market is showing signs of softening due to rising interest rates. “It doesn’t affect cash buyers, but it does affect the overall health of the real estate market,” he cautioned.
In the end, it’s a fitting crescendo to Elton John’s remarkable connection with the city that welcomed him with open arms.