Skip main navigation
Active
    • Price cut: $999 (3/19)
    $475,000

    1860 Penelope Rd NW, Atlanta, GA 30314

    3beds
    1,688sqft
    : 
    Single Family Residence
    Built in 1949
    1.75 Acres Lot
    $459,100 Zestimate®
    $281/sqft
    $-- HOA

    What's special

    Secured gated entranceDetached two-car garageStriking mural-covered shipping containerYurt and glamping-style accommodationsElevated mulched terraceFire pit lounge areaHardwood floors throughout
    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.
    2 days
    |
    653
    |
    50
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 19, 2026 at 01:28pm

    Listed by:

    Grant Waugh grant@livedownhome.com,

    Down Home Properties

    Source: GAMLS,MLS#: 10712961MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 1
      Rooms
      • Room types: Office
      Dining room
      • Features: Separate Room
      Kitchen
      • Features: Solid Surface Counters
      Heating
      • Central
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
      • Laundry: In Basement
      Features
      • In-Law Floorplan, Master On Main Level, Roommate Plan, Tile Bath, Walk-In Closet(s)
      • Flooring: Hardwood
      • Windows: Double Pane Windows
      • Basement: Exterior Entry,Interior Entry,Partial,Unfinished
      • Number of fireplaces: 1
      • Fireplace features: Living Room
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 1,688
      • Total interior livable area: 1,688 sqft
      • Finished area above ground: 1,688
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 8
      • Parking features: Detached, Garage, Over 1 Space per Unit, RV/Boat Parking, Storage
      • Has garage: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Patio, Porch
      • Exterior features: Garden
      • Has view: Yes
      • View description: City, Valley
      • Waterfront features: No Dock Or Boathouse
      • Body of water: None
      Lot
      • Size: 1.75 Acres
      • Features: City Lot, Level, Open Lot, Pasture, Private
      • Residential vegetation: Cleared, Grassed, Partially Wooded, Wooded
      Details
      • Additional structures: Garage(s), Outbuilding, Second Garage, Shed(s), Workshop
      • Parcel number: 14 017300090243

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cape Cod,Traditional
      • Property subtype: Single Family Residence
      Materials
      • Brick, Stone
      • Foundation: Block
      • Roof: Other
      Condition
      • Resale
      • New construction: No
      • Year built: 1949

      Utilities & green energy

      • Electric: 220 Volts
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Available
      Green energy
      • Energy efficient items: Appliances, Insulation, Thermostat, Water Heater
      • Water conservation: Low-Flow Fixtures

      Community & HOA

      Community
      • Features: Boat/Camper/Van Prkg, Near Public Transport
      • Security: Gated Community, Security System, Smoke Detector(s)
      • Subdivision: Penelope Neighbors
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Atlanta

      Financial & listing details

      • Price per square foot: $281/sqft
      • Tax assessed value: $432,900
      • Annual tax amount: $4,934
      • Date on market: 3/19/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,Owner Will Carry,Owner 2nd,Private Financing Available
      • Electric utility on property: Yes
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $459,100

        $436,000 - $482,000

        $2,920/mo

        Price history

        Price history
        DateEventPrice
        3/19/2026Price change$699,000-0.1%$414/sqft
        Source: GAMLS #10713139 Report a problem
        3/19/2026Price change$699,999+47.4%$415/sqft
        Source: FMLS GA #7737473 Report a problem
        3/19/2026Listed for sale$475,000+79.2%$281/sqft
        Source: GAMLS #10712961 Report a problem
        8/6/2020Sold$265,000-3.6%$157/sqft
        Source: GAMLS #8742242 Report a problem
        6/5/2020Pending sale$275,000$163/sqft
        Source: PalmerHouse Properties #8742242 Report a problem
        5/21/2020Price change$275,000-8.3%$163/sqft
        Source: PalmerHouse Properties #8742242 Report a problem
        3/18/2020Price change$299,900-9.1%$178/sqft
        Source: PalmerHouse Properties #8742242 Report a problem
        3/10/2020Price change$329,900-5.7%$195/sqft
        Source: PalmerHouse Properties #8742242 Report a problem
        2/26/2020Listed for sale$349,900+386%$207/sqft
        Source: PalmerHouse Properties #8742242 Report a problem
        11/20/2018Sold$72,000$43/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$4,927 +47.8%$173,160
        2023$3,333 -40.1%$173,160 +26%
        2022$5,564 +29.6%$137,480 +29.7%
        2021$4,294 +100.1%$106,000 +104.5%
        2020$2,146 +60.2%$51,840 +24.9%
        2019$1,340 $41,520 +110.5%
        2018$1,340 $19,720 +42.9%
        2017$1,340 +19.7%$13,800
        2016$1,119 +187.8%$13,800
        2015$389 +2248.1%$13,800
        2014$17 $13,800 +11.7%
        2013-- $12,360 -1.9%
        2012-- $12,600 -23.7%
        2011-- $16,520 -65.6%
        2010$257 $48,040 -5.6%
        2009-- $50,880 -17.3%
        2008-- $61,560 -0.1%
        2007-- $61,600 +26.6%
        2005-- $48,640 +2.7%
        2004$151 -2.5%$47,360 +3%
        2003$155 $46,000 +7.4%
        2002-- $42,840 +18.5%
        2001$442 $36,160

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $2,650/mo
        Principal & interest
        $2310
        Property taxes
        $340
        More affordability tools

          Climate risks

          Neighborhood: Penelope Neighbors

          Getting around

          25 / 100
          Car-Dependent
          53 / 100
          Good Transit
          29 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Skip to the end of the carouselSkip to the beginning of the carousel

          Local experts in 30314

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel

            Nearby cities

            Nearby neighborhoods

            Nearby zip codes

            Other Atlanta Topics