Top 10 Sales in 2023’s Historically High-Priced Sandy Springs Market Plus the Real Estate Year in Review

2023 saw the largest drop in the number of both single family homes and condos sold in Sandy Springs in recent history. From its peak in 2021, Sandy Springs saw a 44.3% drop of single family homes sold and a 45.5% drop of condos/townhomes sold. Clearly, the exponential rise in mortgage rates has resulted in a drastic reduction in inventory keeping more homeowners in their homes over the last 2 years and also sidelining many buyers due to affordability. This will create pent up demand at some point in the future. The good news for sellers is that in spite of this extreme drop in the number of homes sold, average sales prices continue to rise to record levels.

Substantial reductions in mortgage rates in 2024 could lead to a release of some of this pent up demand and an increase in inventory for buyers.

At Hirsh Real Estate, we are proud to announce some major successes despite such a challenging market. In 2023, not only did we secure the sale of the most expensive home in Sandy Springs, but we also sold three of the top five sales in the city. Here’s a look at the top 10 homes sold in Sandy Springs during 2023.

2023 top 10 sandy springs home sales

1

825 Davis Drive

825 Davis Drive, Atlanta, Georgia 30327

Sold 02/24/2023

7Bedroom(s)

8Bathroom(s)

60Picture(s)

14,847Sqft

Your imagination is the only limit to what you can create at this amazing estate! Situated on a roomy 14+ acres, it is the largest property available in the Buckhead area and is being offered for sale for the first time. The grounds include 14+ usable acres with no floodplain. A stately formal entrance is on Davis Drive and a gated staff entrance is accessible from Northside Drive.

$8,600,000

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2

1150 Garmon Road

1150 Garmon Road, Atlanta, Georgia 30327

Sold 02/13/2023

6Bedroom(s)

8Bathroom(s)

86Picture(s)

15,500Sqft

Behind a massive gate is a spectacular residence constructed of stone, limestone and slate on almost two acres of breathtaking grounds. Harrison Design was the Principle design firm for the entire property including the landscape design, and all interior finishes and furnishings. Located in a very private estate neighborhood in North Buckhead (30327) but technically in Sandy Springs.

$8,300,000

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3

1090 Kingston Drive

1090 Kingston Drive, Sandy Springs, Georgia 30342

Sold 02/28/2023

6Bedroom(s)

6Bathroom(s)

84Picture(s)

1.45Acre

**See full video tour of this spectacular home** Quality-Built with every attention to detail, this modern design gated estate was created, designed and built by Stephanie Bell, Owner of Bella Fine Homes. Perched on a hilltop set 200 feet off the street, this 6 Bedroom 8 Bath home has state of the art, sleek designs with dramatic 21 foot ceilings upon entry.

$6,000,000

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4

4620 Powers Ferry Road NW

4620 Powers Ferry Road NW, Atlanta, Georgia 30327

Sold 12/21/2023

5Bedroom(s)

5Bathroom(s)

44Picture(s)

9,093Sqft

Gorgeous brand new custom home by Siegel Construction & Design on a full one-acre lot is an easy walk to Chastain Park and close to Buckhead schools, shopping and restaurants! Level walk-out backyard with saltwater infinity pool and spa, surrounded by a stone terrace and patio.

$5,550,000

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5

4525 Stella Drive $5,300,000

SOLD 5/19/2023

6 br / 6 ba / 7,207 Sqft

This collaboration between Create Fine Homes and Linda MacArthur has resulted in a stunning home to take full advantage of this unique location.

6

4825 Woodvale Drive $4,995,000

SOLD 5/23/2023

6 br / 6 ba / 7,700 Sqft

Grand Wooded 3.2 Acre Home In PREMIER LOCATION Off Davis Drive With Winding Estate Driveway.

7

Featured Properties

4670 Northside Drive

4670 Northside Drive, Atlanta, Georgia 30327

Sold 05/23/2023

6Bedroom(s)

6Bathroom(s)

6Parking(s)

125Picture(s)

1.40Acre

This home is so much more than just another mansion - It is simply a masterpiece showcasing exquisite curb appeal, exceptional architecture, highest attention to detail and 1.4 acres perfectly located just outside Buckhead’s Tuxedo Park, in sought after Sandy Springs. This Italianate Villa begins with an expansive gated entry leading to a large front yard and courtyard.

$4,600,000

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8

Featured Properties

4746 Woodvale Drive

4746 Woodvale Drive, Sandy Springs, Georgia 30327

Sold 02/24/2023

5Bedroom(s)

7Bathroom(s)

42Picture(s)

13,153Sqft

Fabulous custom built home situated on almost 2 acres on a private cul de sac street. The large open floor plan is an entertainer’s dream. You will enter the home through a private courtyard. The foyer is a wow with soaring ceilings & two-story windows overlooking the fabulous and private backyard retreat. This home lends itself indoor and outdoor entertaining.

$4,480,000

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9

Featured Properties

4514 Stella Drive

4514 Stella Drive, Atlanta, Georgia 30327

Sold 12/04/2023

6Bedroom(s)

6Bathroom(s)

2Parking(s)

50Picture(s)

8,200Sqft

Nestled within the picturesque neighborhood of Chastain Park, lies the enchanting newer construction home at 4514 Stella Drive, located on one of the most popular streets. This home was custom-built by Crestar Homes in 2021 and leaves no detail behind. As you enter the home, the foyer is flanked on either side by an office/study and the formal living room.

$4,475,000