A piece of television history has found new owners in Atlanta. The suburban home known to millions as the Wheeler family residence in the hit series ‘Stranger Things’ was recently sold by Netflix to a local couple who are devoted fans of the show.
The property, located in the East Point suburb of Atlanta, sold for $365,000, which was $15,000 above the initial asking price. The sale closed in late October, just ahead of the premiere of the show's final season.
Key Takeaways
- The house featured as the Wheeler family home in 'Stranger Things' sold for $365,000.
- The buyers are a local couple and self-proclaimed fans of the show who wrote a letter to secure the purchase.
- Netflix Studios LLC was the seller, having purchased the property in 2021 for $425,000.
- Only the exterior of the home was used for filming; interior scenes were shot on a studio set.
A New Chapter for an Iconic Location
The two-story home in Atlanta's Cheviot Hills neighborhood served as a central backdrop for the popular science-fiction series since its debut in 2016. Its facade became instantly recognizable as the home of Mike Wheeler, one of the show's main protagonists.
While the Wheeler's basement was a frequent gathering spot for the young heroes in the series, including serving as a hideout for the character Eleven, those scenes were filmed on a purpose-built set. The actual home, however, provided the crucial exterior shots that grounded the show in its 1980s suburban setting.
Netflix Studios LLC listed the property for $350,000 in late August. It went under contract in less than a month, demonstrating significant interest in the famous residence.
The Winning Bid
The successful buyers, an unnamed local couple, distinguished their offer by including a heartfelt letter to Netflix. Their personal connection to the show, combined with an offer exceeding the list price, ultimately secured the deal. One of the new owners had even worked as an extra on the series, which filmed extensively in and around the Atlanta area.
“We are growing our family through adoption and hope that our children will enjoy their childhood just as much as the Wheeler kids did,” the couple wrote in their letter. They also pledged to “honor the neighborhood and the legacy of this house.”
Their real estate agent, Giovany Gonzalez-Rios of BHHS Georgia Properties, confirmed the couple was “ecstatic” upon learning their offer was accepted. The fans, who said they often drove by the house, saw the listing on social media and felt it was an opportunity they couldn't pass up.
The Real Estate of 'Stranger Things'
The Wheeler house is not the first Atlanta-area property from the show to attract fan buyers. In 2022, the modest home used as the Byers' residence in Fayetteville, Georgia, was listed for $300,000. It sold in just one week to an investor who transformed the fixer-upper into a themed Airbnb, complete with the iconic alphabet wall and Christmas lights.
Inside the Real Wheeler House
Built around 1963, the home retains much of the vintage charm that made it a perfect fit for the 1980s-set series. The property spans nearly 2,500 square feet and features four bedrooms and three bathrooms.
Interior details noted in the listing include wood-paneled walls and classic brick fireplaces, elements that align with the aesthetic seen in the show's studio sets. While fans never saw the real interior on screen, the home itself possesses an authentic retro feel.
Property Profile
- Location: East Point, Atlanta, GA
- Year Built: Circa 1963
- Size: Approx. 2,500 sq. ft.
- Features: 4 bedrooms, 3 bathrooms
- Sale Price: $365,000
The sale highlights a growing trend of real estate properties gaining significant value and interest due to their roles in popular films and television shows. For many fans, owning such a home is about more than just property; it's about owning a tangible piece of a beloved story.
A Financial Anomaly for Netflix
While the sale was a dream come true for the buyers, property records show an interesting financial picture for the seller. Netflix Studios LLC originally purchased the home in 2021 for $425,000. The recent sale at $365,000 represents a loss for the streaming giant on the initial investment.
The reasons for selling at a lower price than the purchase price have not been disclosed. However, the transaction underscores the unique nature of properties tied to the entertainment industry, where value can be influenced by factors beyond traditional real estate market metrics.
As the final season of 'Stranger Things' approaches, the sale of the Wheeler house marks the end of an era for the production while simultaneously beginning a new real-life story for a family ready to create their own memories within its famous walls.
