Images: East Atlanta development site undergoes price slice

Josh Green

Mon, 12/30/2024 – 11:32

The team behind a proposed single-family home development near East Atlanta Village is shedding new light on what the project could become (with discounted pricing) on currently vacant acreage.

Marketed as being in the heart of East Atlanta Village and walkable to all that entails (prepare to trek uphill), the 513 Maynard Ave. property came to market last month with Keller Williams Realty North Atlanta, asking $1.7 million. The 1.7-acre site in question is in a section of the city divided by Interstate 20 a couple of generations ago.

According to Keller Williams broker Jeni Thomas, the acreage has recently been discounted by $400,000 to $1.3 million.

Looking west across the 513 Maynard Ave. site in question, toward downtown and Midtown. Courtesy of Keller Williams Realty North Atlanta

Thomas also shed light on what development plans for the site entail—should another developer decide to take the project on.

Site plans call for a cove of eight houses tucked off Lamon Avenue. According to Thomas, each home would include four bedrooms, four bathrooms, and a separate flex space or office in a hair over 2,800 square feet.

Thomas says those products, in that location, would be fetch between $850,000 and $875,000 right now.

“We have a professional feasibility test to show this,” Thomas noted via email.

Example of housing proposed in current listings for 513 Maynard Ave. Keller Williams Realty North Atlanta/FMLS

Looking southwest across the East Atlanta acreage, with I-20 at right. Courtesy of Keller Williams Realty North Atlanta

Today, the site is woods in a residential section of East Atlanta, about .7 miles from the EAV flank that includes Argosy, The Earl, and other attractions. It’s billed as being a rare new-construction opportunity for the area.

“Near immediate access” to I-20—westbound, at least—is called a highlight of the location. Ditto for proximity to everywhere from Summerhill to Cabbagetown, per listings.

In terms of Walk Score ratings, the site’s “somewhat walkable” Walk Score of 53 fares best, followed by the so-so 41 Transit Score and 36 Bike Score. Another metric called the Sound Score—calculated by the HowLoud platform—reflects the nearby interstate, coming in at a “loud” 66.

Keller Williams Realty North Atlanta/FMLS

According to listings, architectural plans, a land disturbance permit, and City of Atlanta tree recompose (essentially a fine for removing healthy trees, with funding used to plant and maintain other trees) would be included with the land sale.

Find more context and imagery for this discounted East Atlanta land deal in the gallery above.

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