1860 Penelope Road Nw, Atlanta, GA 30314
Local realty services provided by:ERA Towne Square Realty, Inc.
Listed by: grant waughgrant@livedownhome.com
Office: down home properties
MLS#:10712961
Source:METROMLS
Price summary
- Price:$475,000
- Price per sq. ft.:$281.4
About this home
Set on 1.75 acres in the heart of Atlanta, this renovated home offers a rare opportunity to own your own urban oasis with the flexibility to live, host, and generate income all in one place. With cash flow becoming harder to find, this property offers a unique opportunity. Enjoy it as a private residence with incredible outdoor space, purchase it as a fully operating hostel business that has averaged approximately $150,000 per year in revenue over the past three years (see agent for details), or use it as the ultimate house hack. The true highlight of this property is the land and outdoor experience, with features throughout the designed for gathering, entertaining, and flexible use. The grounds have been improved with over $15,000 in plantings, mature pecan and black walnut trees, and expansive cleared space ideal for gardening or simply enjoying the outdoors. A looping gravel drive with two access points on Penelope Rd, a secured gated entrance, and a gravel parking lot for 6+ vehicles or RVs provide both functionality and flexibility. The outdoor setup includes an outdoor shower, fire pit lounge area, elevated mulched terrace, pavilion-style seating and grilling area, multiple storage structures, a striking mural-covered shipping container, and additional structures including a yurt and glamping-style accommodations. The home was renovated in 2020 and features bright, updated interiors, including hardwood floors throughout, tiled bathrooms, and a renovated kitchen with white cabinetry and granite countertops. The layout offers flexibility for a variety of living arrangements, including a primary suite on the main level. An unfinished basement with interior and exterior entry, newer major systems including roof, HVAC, and water heater (all approximately 5 years old), and a detached two-car garage add functionality and long-term value. The property also offers ample space to add an ADU or convert the detached two-car garage into an ADU, creating an additional income stream. There may also be potential to subdivide the property into multiple parcels; Buyer should confirm feasibility with the appropriate authorities. A truly unique opportunity to own a property with rare acreage, character, and income potential in the heart of Atlanta....
Contact an agent
Home facts
- Year built:1949
- Listing ID #:10712961
- Updated:March 30, 2026 at 10:47 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Flooring:Hardwood
- Dining Description:Separate Room
- Bathrooms Description:Tile Bath
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator, Solid Surface Counters
- Bedroom Description:Master On Main Level, Roommate Plan, Walk-In Closet(s)
- Basement Description:Exterior Entry, Interior Entry, Partial
- Living area:1,688 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1949
- Building area:1,688 sq. ft.
- Lot area:1.75 Acres
- Lot Features:City Lot, Level, Open Lot, Pasture, Private
- Architectural Style:Cape Cod, Traditional
- Construction Materials:Brick, Stone
- Exterior Features:Deck, Deck/Patio, Garden
- Foundation Description:Block
- Levels:2 Story
Schools
- High school:Other
- Middle school:Other
- Elementary school:Other
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$475,000
- Price per sq. ft.:$281.4
- Tax amount:$4,934 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Laundry features:Dryer, In Basement, Washer
- Amenities:Double Pane Windows, In-Law Floorplan, Security System, Smoke Detector(s)
Parking
- Total parking spaces:8
- Parking description:1+ Parking Space/Unit, Detached Parking, Garage, RV / Boat Parking, Storage
- Garage:Yes
New listings near 1860 Penelope Road Nw
- New
$819,000Active5 beds 5 baths1369 Jody Lane Ne, Atlanta, GA 30329
MLS# 10720574Listed by: The Goldin Group Real Estate - New
$259,000Active1 beds 1 baths764 sq. ft.1101 Juniper Street Ne #APT 106, Atlanta, GA 30309
MLS# 10720576Listed by: Keller Williams Realty Atl. Partners - Coming Soon
$1,450,000Coming Soon3 beds 4 baths2881 Peachtree Road Ne #2201, Atlanta, GA 30305
MLS# 10720587Listed by: Ansley RE | Christie's Int'l RE - New
$264,900Active1 beds 1 baths743 sq. ft.400 W Peachtree Street Nw #2615, Atlanta, GA 30308
MLS# 7743484Listed by: NORTHGROUP REAL ESTATE - New
$228,900Active1 beds 1 baths633 sq. ft.3040 Peachtree Road Nw #1310, Atlanta, GA 30305
MLS# 10720557Listed by: NorthGroup Real Estate Inc
$2,995,000Active7 beds 9 baths10,037 sq. ft.1005 Heards Ferry Road, Atlanta, GA 30328
MLS# 7721740Listed by: BEACHAM AND COMPANY- New
$515,000Active5 beds 4 baths2746 Dale Creek Drive Nw, Atlanta, GA 30318
MLS# 10720509Listed by: Keller Williams Realty Atl. Partners - Coming Soon
$430,000Coming Soon2 beds 2 baths951 Glenwood Avenue Se #1106, Atlanta, GA 30316
MLS# 10720540Listed by: Keller Williams Atlanta Classic - New
$200,000Active3 beds 2 baths1,472 sq. ft.2700 Head Road Sw, Atlanta, GA 30311
MLS# 10720495Listed by: Keller Williams Realty Buckhead - New
$159,900Active3 beds 1 baths1,100 sq. ft.460 Dot Drive, Atlanta, GA 30349
MLS# 10720497Listed by: Keller Williams Realty Buckhead