Having replaced a weedy lot in the northern fringes of Mechanicsville, a pocket of new housing is being described by project leaders as the best townhome deal in Atlanta for what it offers right now.
The 17-unit infill development, Point 5, has taken shape over the past couple of years in the 300 block of Eugenia Street, just west of Windsor Street, or what becomes Ted Turner Drive a few blocks north in downtown.
It’s positioned just south of Interstate 20 exits, and beyond that, Centennial Yards, Castleberry Hill, and downtown coliseums. Mechanicsville’s Rosa L. Burney Park is located about a block south.
Marketing materials describe the Point 5 townhomes as being “half-a-mile to everything” and “one of Atlanta’s most exciting investment opportunities” with “incredible” skyline views from the roofs.
Listing agent Jonathan Rich of Keller Knapp Realty tells Urbanize Atlanta the most expensive units in the community—four-bedroom, two-and-½ bedroom townhomes priced at $624,900—have been released in recent days in what’s called the 500 building. Square footages are listed at 1,850, with $203 monthly HOA fees and a two-car garage.
“They have some greenspace and a lot of privacy in the back of community but larger rooftops and some of the best views of Mercedes-Benz [Stadium] and the downtown skyline,” Rich wrote via email.
Square footages vary across four different floorplans, with some counting larger rooftops and others finished terrace levels with bedrooms and bathrooms, according to Rich.
Once priced as high as $614,900, the cheapest option in the bunch is now asking $525,000 for three bedrooms, two and ½ bathrooms, an unfinished terrace level, and a one-car garage.
“I think these are the greatest opportunity and value for three-plus bedrooms new with a two-car garage and city view in the entire city right now,” Rich noted.
Listing records indicate three units have sold to date, topping out with a sales price of $600,000. The address’ Walk Score clocks in at 65, or what’s considered “Somewhat Walkable.”
Head up to the gallery for more context and photos of finished Point 5 product.
Follow us on social media:
• Mechanicsville news, discussion (Urbanize Atlanta)