tomo logo

$2,790,000

Beds
5
Baths
6.0
sq ft
Unknown

47 Fern Leaf Way, Newnan, GA 30265

47 Fern Leaf Way

Newnan, GA 30265

  • 23 days on market
Nestled within the prestigious Arbor Springs community, this magnificent estate is a true masterpiece of sophistication and comfort. From the moment you step into the grand two-story foyer, you are welcomed by rich hardwood floors, soaring ceilings, and exquisite architectural details that exude timeless elegance. The formal dining room, adorned with custom built-ins and a coffered ceiling, sets the tone for sophisticated entertaining. The expansive great room impresses with a dramatic stone fireplace, coffered ceiling, and dual French doors that open to a sunlit sitting room with stone floors, a natural wood ceiling, another cozy stone fireplace, and oversized windows framing tranquil nature views. The chef’s kitchen is a culinary sanctuary, featuring a professional-grade gas stove with a pot filler, an oversized island with breakfast bar seating, dual sinks, custom cabinetry, and a walk-in pantry. The vaulted keeping room, complete with a floor-to-ceiling stone fireplace, and the spacious breakfast room create a seamless flow for entertaining and relaxed family meals. The main-level primary suite is a true retreat, boasting a fireside sitting area, a dramatic tray ceiling, and a spa-inspired bathroom with a vanity, built-in makeup station, mini fridge, a soaking tub, and a dual walk-in shower with seating. The custom-designed walk-in closet is a dream, featuring floor-to-ceiling storage, mirrors, and a seating area. The oversized laundry room offers stunning tile floors, rich cabinetry, a refrigerator, and ample storage space for staying organized. A stylish half bath completes the main level. Upstairs, three generously sized bedrooms with high-end finishes each have private baths and walk-in closets, while a sunlit bonus room and a built-in desk area provide flexible living space. The terrace level is designed for entertainment and relaxation, featuring a two-story billiards room with a wall of custom built-ins and a spiral staircase leading to an elevated catwalk. A state-of-the-art terraced home theater, a full gym, a fireside great room, and a remarkable bar — which could serve as a second kitchen — offers a coffered wood ceiling, a refrigerator, dishwasher, dual sink, extensive cabinetry, and a wine rack. A large walk-in wine cellar with rustic accents adds to the appeal. The terrace level also includes a private bedroom, a full bath, and a half bath, creating the perfect in-law or teen suite. A climate-controlled garage provides endless possibilities for storage or a collector's automobile or hobby room. Outside, the beautifully landscaped grounds feature a covered porch with a fireplace and grilling station, stone retaining walls, and a lighted landscape. A full-size basketball court and a versatile recreational area — ideal for a pool, fire pit, or playground — complete this outdoor oasis. Located in the top-rated Northgate school district and just minutes from Ashley Park Mall and Hartsfield-Jackson Airport, this extraordinary estate offers an unmatched blend of comfort and convenience.

Details

Property type

Single Family Residence

Est. home value

$1,440,671

Lot size

1.58 acres

Price per sq ft

Unknown

Year built

2006

HOA fee

$650

Price History

03/13/2025
FMLS

FMLS #7538531

Listed
$2,790,000
03/01/2025
GeorgiaMLS

GeorgiaMLS #10454913

Removed
$2,790,000
-11.43%
02/07/2025
GeorgiaMLS

GeorgiaMLS #10383666

Removed
$3,150,000
+12.9%

Schools & Community

Elementary school: 

Arbor Springs

Middle school: 

Madras

High school: 

Northgate

Community features: 

Street Lights

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,058,654
Asking price
$2,790,000
Closing costs (~8% of asking)
-$223,200
Est. remaining loan balance
-$508,146
Cash to seller
$2,058,654

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bk Na

Loan start date

June 2011

Original loan amount

$716,250

Est. remaining balance

$508,146

Interest rate

4.8%

Loan type

New Conventional, 30 year

Seller

Benjamin J Carnazzo and Karin K Carnazzo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

FMLS
$2,700,000
6 bd
|
8 ba
|
8,304 sq ft
|
House

205 Arbor Springs Pkwy, Newnan, GA 30265

GeorgiaMLS
$2,495,000
5 bd
|
5.5 ba
|
5,425 sq ft
|
House

47 Sagewood Ct, Newnan, GA 30265

Price drop
GeorgiaMLS
$2,100,000
5 bd
|
5.5 ba
|
4,752 sq ft
|
House

500 Augusta Ln, Palmetto, GA 30268

Status: Active

Tomo last checked: 04/04/2025 at 1:30 PM

Listing updated: 03/26/2025 at 5:20 PM

Listed by: Jared Sapp, Atlanta Fine Homes Sotheby's International Phone #: (404) 237-5000

MLS: FMLS #7538531

FMLS logo

Recently listed in Newnan

$363,000|4 bd|3.5 ba|House
$689,000|5 bd|4.5 ba|House
$349,900|4 bd|2.0 ba|House
$313,900|2 bd|2.0 ba|Condo
$349,900|3 bd|2.0 ba|House
$429,900|4 bd|3.5 ba|House
$459,900|4 bd|3.0 ba|House
$394,900|4 bd|3.0 ba|House
$349,900|3 bd|2.5 ba|House
$250,000|3 bd|1.0 ba|House