That was quick. Less than two weeks after hitting the market, superstar Elton John’s unique Buckhead condominium sold for roughly $7.23 million, almost 45% more than the $4.96 million asking price, The Wall Street Journal revealed in an exclusive report.
Atlanta Fine Homes Sotheby’s International Realty’s Chase Mizell, who listed the 13,300-square-foot pied-à-terre, told the Journal that he deliberately underpriced the condo to create a buzz — and it worked.
“We had a ton of interest right out of the gate,” he told the paper. “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.”
Located on the 36th floor of the Park Place tower on Peachtree Road, the residence is as unique as its previous owner. John purchased the property as a duplex in 1992, paying $925,000. Over the years, he expanded it by purchasing five neighboring units to bring the home to its current state.
The centerpiece of the four-bedroom home is a two-story salon-dining room overlooked by numerous galleries where John once displayed his photography collection. Other highlights include a primary bedroom bedecked in blonde hardwood and floor-to-ceiling mirrors with an onyx-wrapped bathroom, as well as an enormous walk-in closet with its own balcony.