tomo logo

$7,500,000

Beds
7
Baths
8.5
sq ft
Unknown

5501 Long Island Dr NW, Atlanta, GA 30327

5501 Long Island Dr NW

Atlanta, GA 30327

  • 81 days on market
Private Gated Luxury Estate on 11+ Acres with Private Lake and Resort-Style Living Escape to an unparalleled sanctuary with this one-of-a-kind gated estate on over 11 acres of pristine land in Sandy Springs. With breathtaking views of a private 7-acre lake from nearly every room, this estate brings the tranquility of Blue Ridge Lake to your doorstep, combining luxury, privacy, and natural beauty. Designed for those seeking both seclusion and resort-style living, this estate offers an impressive array of indoor and outdoor amenities. Enjoy lakeside activities such as fishing, canoeing, or electric boating, and entertain guests at the outdoor bar, Tiki Hut, fire pit, bocce court, and multiple gathering spaces. The serene pool, surrounded by expansive patios and covered dining areas, invites you to indulge in seamless indoor-outdoor living. The 14,000+ square-foot main residence offers panoramic lake views throughout. The great room features a 2-story stone fireplace and ample seating, perfect for intimate gatherings or large-scale entertaining. The gourmet kitchen, built for hosting, includes seating for 22, a 48" Viking range, dual dishwashers, a stone island, and a walk-in pantry. The adjacent lakeside patio, seating 12, and the stone porch provide additional dining and entertainment spaces. The primary suite on the main level boasts floor-to-ceiling windows with stunning lake views, private sitting areas, a grand fireplace, and a spa-inspired bath complete with a jacuzzi tub, steam shower, and coffee bar. Additional features include a private laundry room, pool and gym access, and a custom walk-in closet. The main level also includes a wood-paneled library with a fireplace and bar, a wine cellar, and two powder rooms. Upstairs, four spacious guest suites offer comfort and privacy. The 1,100-square-foot guest apartment, with a private entrance, living room, and en-suite bedroom, is ideal for multi-generational living. Three additional en-suite guest rooms, a gym, sitting area, secondary laundry, and patio overlooking the pool complete the second floor. The third-floor bonus space, accessible by elevator, features a wet bar and can be used as a media room, playroom, or art studio, with another patio offering spectacular lake views. Additional highlights include a detached carriage house with a guest apartment above the garage, a climate-controlled wine cellar, and five garage spaces (three attached to the main house, two in the detached garage). The manicured grounds provide complete privacy, while being just minutes from Buckhead and Chastain Park. This rare opportunity offers lakeside living at its finest. Whether you desire a peaceful retreat or a stunning space to entertain, this estate is ready to become your private oasis. Don’t miss your chance to own this exceptional property.

Details

Property type

Single Family Residence

Est. home value

$6,660,952

Lot size

11.16 acres

Price per sq ft

Unknown

Year built

2012

Annual property taxes

$18,862

Monthly HOA fee

$250

Price History

12/10/2024
FMLS

FMLS #7464713

Price change
$7,500,000
+22.95%
11/08/2024
FMLS

FMLS #7464713

Removed
$6,100,000
10/16/2024
FMLS

FMLS #7464713

Price change
$6,100,000
-4.69%

Schools & Community

Elementary school: 

Heards Ferry

Middle school: 

Ridgeview Charter

High school: 

Riverwood International Charter

Community features: 

None

Seller’s Loan History

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

Lender

First Horizon

Loan start date

December 2023

Original loan amount

$3,200,000

Est. remaining balance

$275,899

Interest rate

7.5%

Loan type

New Conventional, 1 year

Seller

5503 Long Island Llc

Lender

Equity Trust

Loan start date

September 2022

Original loan amount

$465,000

Est. remaining balance

$0

Interest rate

5.22%

Loan type

New Conventional, 1 year

Seller

5503 Long Island Llc

Lender

Clbd Real Estate Holdings

Loan start date

August 2020

Original loan amount

$650,000

Est. remaining balance

$0

Interest rate

3.07%

Loan type

New Conventional, 1 year

Seller

5503 Long Island Llc

Lender

Georgia Commerce Bank

Loan start date

July 2014

Original loan amount

$2,500,000

Est. remaining balance

$0

Interest rate

4.12%

Loan type

New Conventional, 2 year

Seller

5503 Long Island Llc

Lender

Private Bank Buckhead

Loan start date

April 2011

Original loan amount

$500,000

Est. remaining balance

$0

Interest rate

5.05%

Loan type

Not Provided, 1 year

Seller

5503 Long Island Llc

Lender

Private Bank Buckhead

Loan start date

December 2010

Original loan amount

$1,000,000

Est. remaining balance

$0

Interest rate

4.24%

Loan type

Not Provided, 1 year

Seller

5503 Long Island Llc

Lender

Private Bank Buckhead

Loan start date

December 2009

Original loan amount

$1,000,000

Est. remaining balance

$0

Interest rate

5.03%

Loan type

Not Provided, 1 year

Seller

5503 Long Island Llc

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
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4975 Rebel Trl, Atlanta, GA 30327

Status: Active

Tomo last checked: 12/22/2024 at 11:10 AM

Listing updated: 12/16/2024 at 3:03 PM

Listed by: Susan Protos, HomeSmart Phone #: (404) 876-4901

MLS: FMLS #7464713

FMLS logo

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