Buckhead Luxury Condo Tower Sells Out in 48 Hours, Setting Atlanta Price Record

ATLANTA — A new 42-story luxury condominium tower in Buckhead sold all 120 of its units within 48 hours of going on sale last weekend, with prices ranging from $1.2 million to $8.5 million and setting a new record for the highest average price per square foot in Atlanta history.

The tower, called The Sovereign, achieved an average sale price of $1,850 per square foot — shattering the previous Atlanta record of $1,400 per square foot set by a Midtown tower in 2022.

"The demand for ultra-luxury housing in Atlanta is unlike anything we have ever seen," said developer Ben Carter. "Atlanta has arrived as a world-class city, and the buyers of these units recognize that."

The buyers include a mix of Atlanta-area residents, out-of-state relocators, and international buyers.