The singer and newlywed, 28, is asking $2.3 million (up from an original price of $1.95 million) for his 5-bedroom, 4½-bathroom, gray stucco home in metro Atlanta's Country Club of the South gated community, the Atlanta Journal-Constitution reports.
"This house has a lot of musical history," says Lisa Robinson, the real-estate agent for the property, which also contains a hair salon, exercise room, swimming pool, guesthouse and, naturally, a recording studio – and also once belonged to music producer Antonio "L.A." Reid, CEO of Def Jam records.
"[Usher] upgraded the master suite, and totally redesigned and renovated the terrace level," Robinson tells PEOPLE. "That level has [the] hair salon, a gym and a state-of-the-art movie theater."
Reid formerly used the house as the headquarters for his label, LaFace Records, making it the professional home of Jermaine Dupri, Dallas Austin and TLC, among others. The house was also on MTV's Cribs and once inspired the 13-year-old Usher to declare he would one day live there, Reid told the Journal-Constitution.
After selling the house to Usher, Reid moved to New York's Hamptons, where Usher's original wedding to Tameka Foster was to take place in July.
It remains to be seen where Usher will set up residence with his new wife and baby, which is due this fall. But "they're planning to stay in Atlanta," Robinson tells PEOPLE.
Reporting by LORI ROZSA