tomo logo

$4,250,000

Beds
6
Baths
8.5
sq ft
Unknown

5509 Long Island Dr NW, Atlanta, GA 30327

5509 Long Island Dr NW

Atlanta, GA 30327

  • 72 days on market
Discover an unparalleled sanctuary with this rare private estate in Sandy Springs, nestled near Chastain Park and Buckhead. Spanning two lush, fully-fenced acres, this exclusive gated property offers breathtaking panoramic lake views that evoke the serene ambiance of Lake Burton, right in the heart of Chastain. Embrace lakeside living with a private dock, a charming paddle boat launch (electric motor boats permitted), and a lakeside entertainment area featuring a bocce ball court, horseshoe pit, and a cozy fire pit. This home is the epitome of luxury and comfort, featuring an elevator that services all levels, a state-of-the-art movie theater for cinematic experiences, and a wine cellar perfect for showcasing your collection. For wellness enthusiasts, there’s a workout room, a 12-person sauna, and a private 5-person infrared sauna in the primary suite, along with a steam shower for ultimate relaxation. As you enter the home through the grand, oversized domed foyer, you are immediately welcomed into a main level designed for both elegance and functionality. The open family room seamlessly connects with the kitchen, creating a perfect space for gathering and entertaining. Adjacent to the kitchen, the breakfast room offers a casual dining option with a view. For more formal gatherings, the dining room accommodates at least twelve guests, while an additional covered patio off the kitchen offers another dining alfresco option. This patio can comfortably seat twelve and presents the opportunity to be screened in for year-round enjoyment. The formal sitting room is highlighted by an ornate limestone fireplace, adding a touch of grandeur. The two-story all-wood library or office provides a stunning backdrop for work or relaxation. A versatile bonus room on this level can serve as an additional oversized primary bedroom or a playroom, depending on your needs. Convenience is key with a family entrance located next to the garage entrance, both leading into a well-appointed mudroom. This thoughtful layout ensures that the main level is both practical and inviting, setting the tone for the rest of the home. The second floor is dedicated to luxurious living quarters, with five spacious bedrooms including the expansive primary suite. The primary suite boasts a private patio with a hot tub and a sitting area with a limestone fireplace. The suite’s his-and-her closets are remarkably large, with a additional separate closet within for seasonal wardrobe changes. The opulent primary bathroom includes dual vanities, a makeup vanity, a full-sized shower, a separate tub, and an infrared sauna. Each of the additional four bedrooms features an ensuite bathroom and walk-in closet, while the upper-level library offers a tranquil space for reading or card games. The terrace level truly shines as an entertainer’s paradise. It features an in-law suite, wine cellar, theater room, pool table room, workout space, massage room, and a 12-person sauna. This level opens to a stunning stone infinity-edge pool overlooking the lake, with a cabana providing a bonus kitchen and bathroom for guests. A sports court adds to the recreational options. This home is a true oasis, perfectly designed for both grand entertaining and cherished family moments. From lakeside fireside games to movie nights, basketball, and pickleball, this residence provides an unparalleled living experience.

Details

Property type

Single Family Residence

Est. home value

$3,662,211

Lot size

2.00 acres

Price per sq ft

Unknown

Year built

2005

Annual property taxes

$29,676

HOA

No

Price History

09/13/2024
FMLS

FMLS #7447945

Listed
$4,250,000
+84.98%
04/20/2012
FMLS

FMLS #4270561

Sold
$2,297,500

Schools & Community

Elementary school: 

Heards Ferry

Middle school: 

Ridgeview Charter

High school: 

Riverwood International Charter

Community features: 

Gated, Lake

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

Suntrust Bank

Loan start date

February 2007

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

5.98%

Loan type

Stand Alone Second, 20 year

Seller

Ilya Kovalchuk

Lender

Suntrust Mtg Inc

Loan start date

March 2006

Original loan amount

$2,720,000

Est. remaining balance

Not provided

Interest rate

5.75%

Loan type

New Conventional, 30 year

Seller

Ilya Kovalchuk

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?

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Status: Active

Tomo last checked: 11/22/2024 at 11:25 AM

Listing updated: 11/16/2024 at 6:10 AM

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

MLS: FMLS #7447945

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