Updated Dec 4, 2024
Michael Tourville & Summer Tourville Purchase Atlanta Mansion For Record $19.8M
3391 Tuxedo Road Northwest
$19,800,000
$1,164/SF
Building Size
17,000 SF
Asset Type
Single Family
Closing
Mar 14, 2024
About this deal
AI
An Atlanta mansion in the Tuxedo Park neighborhood has set a new record with an off-market sale price of $19.8 million, marking the highest-priced home sale in the city's history at about $1,165 per square foot. The property, located at 3391 Tuxedo Road Northwest, spans 17,000 square feet.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $19,800,000
- Buyer: Michael Tourville & Summer Tourville
- Seller: Andrew Heyman & Melissa Heyman
- Buyer's Representative: Harvin Greene - Dorsey Alston Realtors
- Seller's Representative: Ben Hirsh - Hirsh Real Estate
- Market: Atlanta, GA
Harvin Greene of Dorsey Alston Realtors represented the buyers, Michael Tourville & Summer Tourville, in the transaction. On the seller's side, Ben Hirsh from Hirsh Real Estate acted as the representative for Andrew Heyman & Melissa Heyman. This sale has set a new benchmark in Atlanta's real estate market, showcasing the demand for luxury properties in prestigious neighborhoods like Tuxedo Park.
Players
Atlanta Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93