Commission Accomplished: August 25-31 [see the SlideDeck]
Address: 1032 Royal Street, New Orleans, 70116
Sales price: $2.65 million
List price: $2.85 million
Date sold: Aug. 28
Days on Market: 3
Listing agents: Dan Paisant and David Smith, Crescent Sotheby’s International Realty
Sales agent: David Smith, Crescent Sotheby’s International Realty
“Location, location, location” is a common real estate saying to reflect the importance of a property’s location to its financial value and consistent appeal to buyers. The French Quarter has typically been a prime example of a New Orleans neighborhood that validates that saying.
This week’s Commission Accomplished further strengthens that argument.
An 1845 French Quarter brick townhouse at 1032 Royal Street sold for $2.65 million on Aug. 28. The three-story home features 5 bedrooms, 5 bathrooms, and 4,568 square feet of living space.
The listing agents were Dan Paisant and David Smith, of Crescent Sotheby’s International Realty, while Smith also served as the sales agent on the transaction.
“My client is out of state and wanted a second home in New Orleans and in the French Quarter. You can’t get more in the thick of the French Quarter than this location,” said Smith, co-owner and managing partner of Crescent Sotheby’s International Realty New Orleans office. “Luxury French Quarter properties, if well maintained and priced right, are moving well, and there is still an appeal to out of state buyers to invest in the French Quarter, which is great for our market.”
Smith said 1032 Royal St. had a previous owner there for approximately 20 years, and the 1845 home was “impeccably maintained, offering a unique blend of historic elegance with modern amenities and convenience.”
The main house features three bedrooms, formal dining and living rooms, and a bonus room with a built-in bar. The third-floor independent apartment includes one bedroom, living room, and full kitchen, accessible both internally and externally from the main house. The detached carriage house boasts two bedrooms, full bath, dining room, living room, and kitchen.
“The third floor is actually one of the most light-filled and airish third floors in the Quarter that I have ever seen. Most are dark and dated; not this one. That allows for the flexibility for an extra, separate living space if needed,” Smith said.
Outdoor spaces include a courtyard and a galley with wrought iron balconies, enabling a picturesque view of Royal Street. “The views are absolutely spectacular looking down Royal Street, one of the best views in the Quarter,” said Smith. “The charm of the Quarter remains desirable among buyers, and this location and property is one of those examples.”
Other high priced home sales in the past week:
Address: 7022 St. Charles Ave., New Orleans, 70118
Sales price: $2,448,500
List price: $2,497,000
Date sold: Aug. 30
Days on Market: 19
Listing agent: Susan Hereford, Rȇve Realtors
Sales agent: Jennifer Dixon, Rȇve Realtors
An Uptown grand residence at 7022 St. Charles Ave. sold for $2,448,500 on Aug. 30. The home, originally built in 1915 and designed by esteemed architect Emile Weil, features 4 bedrooms, 4½ bathrooms, 4,682 square feet of living space, and is located on an oversized lot that is 179’ deep.
Mediterranean-style home, noted in New Orleans Architecture Vol. VIII, has been renovated, blending historic architectural features with modern amenities; front entrance leads to a double foyer, off which is a formal living room with private side entrance, and sunlit dining room and study overlooking the Avenue; and renovated kitchen has high end appliances including a Wolf 8-burner range, SubZero fridge, Scottsman nugget ice machine, Quartzite countertops, and walk-in pantry.
Steps separate the family living/dining area with built-in banquette, featuring views of the saltwater heated pool, backyard and guest house with gated courtyard; upstairs is the renovated primary suite, along with two bedrooms each with updated bathrooms; bonus room; third upstairs bedroom and third bath; outside features a turfed putting green/dog paradise on the driveway side of the house; and automated gated security fence opens from St. Charles to an elongated curving drive parking for four-plus cars for parking.
Address: 751 Allen Toussiant Blvd., New Orleans, 70124
Sales price: $1,597,500
List price: $1.75 million
Date sold: Aug. 30
Days on Market: 24
Listing agent: Jennifer Nierman, Latter & Blum | Compass
Sales agent: Amy Burke, Keller Williams Realty
A New Orleans custom, lakefront home at 751 Allen Toussiant Blvd. sold for $1,597,500 on Aug. 30. The home, near Lake Pontchartrain, features 4 bedrooms, 5 bathrooms, and 4,350 square feet of living space.
Oversized lot; attached two car garage with extra driveway space; motorized iron fence that fully encloses the property; whole home generator (that runs the entire home and swimming pool); open floor plan; sliding glass doors encompassing the entire back wall; landscaped backyard with outdoor kitchen, saltwater swimming pool, outdoor shower and half bath, plus a covered porch.
First floor includes a large primary suite with two walk-in closets, bonus room/office, laundry room, gas fireplace, dining, and kitchen with marble countertops, Wolf range, Subzero refrigerator, and walk-in pantry; second floor features three bedrooms, all including attached en-suite bathrooms, plus a bonus room and second laundry room; home security system, and cameras.
Information provided by Kelleye Rhein & Stephan Mock of Reve Realtors.
