Bedrooms: 5

Bathrooms: 5 full | 3 partial

3931 SQ FTSource: Public Records

1 Emma Lane NE

Atlanta, GA 30342

$4,500,000

Grand 1939 "As Is" Mansion on Six Acre Site Ideal For Development. Current R-3 zoning, TEN BUILDING LOTS could be developed. Within walking distance of Sarah Smith Elementary School, the property is less than two miles from Lenox Square and Phipps Plaza. The essence of tranquility, yet so near the vibrancy of Buckhead's Financial District. Many of the proposed lots would be adjacent to the 30 acre Blue Heron Nature Preserve. Emma Lane was once the driveway to the existing 1939 mansion. The once-grand home would require total renovation.New homes developed will either touch Nature Preserve or have easy access. To understand the value of this property, please visit the Nature Preserve at the end of Emma Lane. Cross the bridge and take the path to the left. There is a 3-mile trail and the supporters have built bridges and wonderful paths along the stream. This is the most significant undeveloped land in North Buckhead and homes in the Sarah Smith Elementary district sell for a premium. Recent sales have been in the $2,000,000 range. The property has a rich history! The original owner, Wiley M. Moore had 200 acres and this property was the centerpiece. Current land use is for one house on the lot. The city of Atlanta has reviewed the site plan for the proposed 10 lots and any subdivision would be the responsibility of the buyer. Offers requiring zoning changes will not be considered.