The historic Rufus M. Rose House on Peachtree Street in Midtown is up for sale again. The price tag: $1 million.
Designed by Atlanta architect E.C. Seiz, the Queen Anne-style home was built in 1901 for the wealthy founder of the R.M. Rose Distillery. The home, situated across from Emory Midtown Hospital, is one of only four mansions left on Peachtree. The home is being marketed by Historic Atlanta, a nonprofit dedicated thoughtful reuse of the city’s historic properties.
Since the two-story, five-bedroom, three-bathroom home is on the National Register of Historic Places and designated a Landmark Building by the city, the home is eligible for a number of federal and state tax credits for renovation. The renovation cost is expected to run between $1.3 and $2.3 million.
Transfer of Development Rights (TDR’s) are also available for this property. Properties that are designated as a Landmark Building can transfer unused development rights to a property that can buy those rights and increase the density. The Rufus M. Rose House has approximately 235,000 square feet of unused residential and non-residential space. The current market value is $10-15 per square feet creating a revenue of approximately $2 million dollars.
Many Atlantans will remember the mansion as home to James H. Elliot’s antique shop and “Atlanta Museum,” which featured an eclectic array of oddities including furniture from Gone With the Wind author Margaret Mitchell’s home, Eli Whitney’s original cotton gin model, and items owned by George Washington, Thomas Jefferson and Adolf Hitler.
Since then, the home has passed through a number of owners. The last owner attempted to turn the home into a space for artists and entrepreneurs in 2016.
Visit this link to see the full listing for the home and more photos.