Vantosh Realty Group Announces Sale of Five-Star Rated Ballastone Inn Located in Savannah, Georgia’s Famed Historic District
Wednesday, July 8th, 2020
Vantosh Realty Group, a fourth-generation, family-run commercial real estate brokerage firm with offices in Savannah and Atlanta, is pleased to announce the sale of the five-star rated Ballastone Inn, a luxurious 17-guest room bed and breakfast located at 14 E. Oglethorpe Ave. in Savannah, Georgia’s famed historic district.
With the building’s first stone laid in 1838, the Ballastone Inn stands today as an upscale destination in America’s largest National Historic Landmark District for guests traveling to the city of Savannah. The Ballastone has earned a reputation as a go-to choice for overnight visitors for its charm and top-tier hospitality in a city that welcomes nearly 15 million visitors a year (2019 data). Honored by the Historic Savannah Foundation and the National Trust for Historic Preservation, the Ballastone’s current ownership received two highly-coveted awards for their meticulous work to preserve the historic building.
The Ballastone is currently being offered at $3,700,000 million and includes the three-story, 12,532 square foot historic building and ⅓ acre (+/-) lot, as well as the entire collection of household furnishings and business assets. “This is a unique opportunity to step into a proven income-generating business and own land in one of the South’s hottest tourism markets and downtown neighborhoods,” said Beth Vantosh, owner of Vantosh Realty Group. “This could also be a great opportunity for a prospective new owner to redevelop the property into a boutique hotel, art museum, or even return the property to an incredible private residence.”
“At 182-years-old, the Ballastone is a luxurious testament to where we’ve been and where we’re going,” said Vantosh. “We all want to honor our past but have the flexibility and foresight to make the future better and even more. Owning a piece of history like the Ballastone is a rare opportunity to do just that. It’s an exciting moment and we’re hopeful the right ownership will create a special vision for this beautiful home and historic inn.”
Property Details:
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The Ballastone is located on Oglethorpe Avenue, one of the most beautiful streets in the historic downtown Savannah area dotted with majestic moss-draped Live Oak trees.
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Oglethorpe Avenue is also a main connector within the downtown corridor and highly-visible to the public and daily pedestrians, bike riders, and autos.
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A top U.S. destination, Savannah earns dozens of accolades per year including Travel + Leisure’s “50 Best Romantic Destinations” and more.
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The Ballastone features 17-guest rooms, all en suite with 18 private bathrooms, and 10 fireplaces throughout the home.
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Each room is highly-appointed with a blend of modern and antique fixtures and amenities.
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The Ballastone’s public spaces include a bar and lounge, sitting parlor with a fireplace, an inviting dining room, and a garden courtyard with a fountain often used for breakfast, high tea, and other intimate events of up to 30 people.
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The building includes a total of 12,532 SF with access to a private elevator for guest use.