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1 Emma Lane Ne, Atlanta

$4,900,000

5 Beds
6½ Baths
3,931 Sqft
6 Acres
2 Garages

Grand 1939 "As Is" Mansion on Six Acre Site Ideal For Development. Current R-3 zoning, TEN BUILDING LOTS could be developed. Within walking distance of Sarah Smith Elementary School, the property is less than two miles from Lenox Square and Phipps Plaza. The essence of tranquility, yet so near the vibrancy of Buckhead's Financial District. Many of the proposed lots would be adjacent to the 30 acre Blue Heron Nature Preserve. Emma Lane was once the driveway to the existing 1939 mansion. The once-grand home would require total renovation. New homes developed will either touch Nature Preserve or have easy access. To understand the value of this property, please visit the Nature Preserve at the end of Emma Lane. Cross the bridge and take the path to the left. There is a 3-mile trail and the supporters have built bridges and wonderful paths along the stream. This is the most significant undeveloped land in North Buckhead and homes in the Sarah Smith Elementary district sell for a premium. Recent sales have been in the $2,000,000 range. The property has a rich history! The original owner, Wiley M. Moore had 200 acres and this property was the centerpiece. Current land use is for one house on the lot. The city of Atlanta has reviewed the site plan for the proposed 10 lots and any subdivision would be the responsibility of the buyer. Offers requiring zoning changes will not be considered.

Essential Information
MLS® #6623781
Price$4,900,000
Bedrooms5
Bathrooms6.50
Full Baths5
Half Baths3
Square Footage3,931
SqFt SourceEstimated
Acres6.00
Year Built1939
TypeResidential
Sub-TypeColonial
StatusActive
Community Information
Address1 Emma Lane Ne
Area21 - Atlanta North
SubdivisionNorth Buckhead
CityAtlanta
CountyFulton
StateGA
Zip Code30342
Amenities
AmenitiesLake
UtilitiesNone
Parking Spaces9
# of Garages2
ViewLake View
PoolNone
Parking

Driveway, Garage, Side/Rear Entry

Interior
AppliancesRefrigerator, Other
HeatingForced Air, Natural Gas
CoolingOther
FireplaceYes
# of Fireplaces2
StoriesTwo
Interior

High Ceilings 9 ft Main, Bookcases, Entrance Foyer

Fireplaces

Family Room, Great Room, Living Room, Masonry

Exterior
RoofComposition
ConstructionBrick 4 Sides
Exterior Features

Gas Grill, Garden Area, Private Backyard, Walk out courtyard

Lot Description

Back Yard, Cul-De-Sac, Flood Plain, Front Yard, Lake/Pond On Lot, Sloped, Wooded

School Information
ElementarySmith
MiddleSutton
HighNorth Atlanta
Listing Details
Listed By:PalmerHouse Properties
Property History
Price Reduced from $5,100,000 to $4,900,000
Status Changed from Active Under Contract to Active
Price Increased from $4,750,000 to $5,100,000
Status Changed from Pending to Active Under Contract
Status Changed from Active to Pending
Show All History (8)

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Listing information last updated on May 31st, 2020 at 12:15am EDT.

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