SIGN OF THE TIMES: Property in Greystone listed for more than a million dollars
To its credit, the home at 350 Greystone Drive in the Greyson Arbor subdivision off of Log Cabin Road is stunning.
According to the listing: "From the wooden beams and columns to the stacked stone foundation and fire places, to the granite countertops, the spacious tile bathrooms and the crystal chandeliers, everything in this home is like brand new...Enjoy the views from the sun room and covered deck or retreat to any of the 5 bedrooms, 4.5 bathrooms, home gym, office, and extra rooms. There's a kitchenette, built-in book cases, a 3 car garage and laundry room. The main floor has an open floor plan with a master suite that opens to the impressive sun roof, a large eat-in kitchen with island and separate dining area with a built-in china cabinet, a den with a fire place, French doors, lots of natural light and a stunning living room. The back deck is designed with a future pool in mind, if you so desire. This home is incomparable, a true rarity to be treasured and enjoyed for generations to come."
At the same time, however, the fact that any property in Greystone Arbor is listed in the seven figures is certainly a sign of the times, kind of like the $2,000 rental house in Carrington Woods from earlier this year. A mere two or three years ago, the idea of a $2,000 rental house in Carrington Woods or a million-dollar home in Greystone Arbor would've seemed far-fetched, even for the most bullish and enthusiastic developer or realtor. It's definitely happening, though.
Obviously, it's not just a local phenonenom. According to Zillow's best estimates, the median home price in the state of Georgia rose 27.1 percent between June 30, 2021 t0 June 30, 2022, as well as a whopping 80 percent over a five-year span. Much of the increase can be attributed to metro Atlanta, which typically makes many of the different top 10 lists for out-of-control housing markets. Obviously, however, it's not just limited to Atlanta, and Milledgeville and Baldwin County most certainly are long for the ride right now.