Estimated payment $1,990/month
A rare opportunity ON THE LAKE in the beautiful Stone Mountain community of Waters Edge! This expansive, over 5000 sq ft lakefront home, offers incredible potential for the right buyer. Priced at $325,000, the property is being sold AS-IS and will require a full renovation, but the space, layout, and location are impressive. With an estimated $150-175K in renovation costs, the potential After Repair Value (ARV) is ~$600K, based on the most recent sales of turn key lakefront homes in the community—an excellent opportunity to build equity with your investment!Waters Edge homeowners enjoy access to a 140 acre lake, clubhouse, tennis and pickleball courts, playgrounds, pools, fitness center, walking trails, and more—all within a picturesque, tree-lined setting.See the floor plan provided for a visual. The home features a great layout for families, entertaining or empty nesters, including a main-level owner’s suite with a large bathroom and walk-in closet—ready for your vision to turn it into your own sanctuary! The main living level also includes a separate guest bedroom and bath, a spacious living room with soaring ceilings and natural light, separate dining room, and a centered kitchen with breakfast area overlooking a large fireside family room with lake views, open to a rear deck. The walk-out daylight basement features a large rec room, bedroom, full bath, and additional unfinished space, including a side boat garage, offering a multitude of options for storage or additional space needs! Upstairs, the second level features three additional bedrooms, a full bath, and a bonus/flex space open to below. You will also enjoy the convenience of a 2-car attached garage and mudroom leading to the kitchen.Situated on a gently sloping, sunny lot leading to your dock, this lake front home provides serene and sparkling sunset views with direct access to the water.Waters Edge is located just minutes from Stone Mountain Park, offering residents easy access to all the outdoor activities, amenities, events, and recreation this iconic park has to offer, along with convenient access to shopping, dining and retail in the Stone Mountain area.NOTE: This property will require Cash or a Renovation Loan. We can connect you with reliable professionals and local lenders who can help make your dream home a reality with various renovation financing options. Don’t miss this chance to live on the lake in one of Stone Mountain’s most desirable communities! *NO BLIND OFFERS* OFFER DEADLINE: MONDAY, JUNE 9th @ 5:00 PM EST*
Last Listed By
Keller Williams Realty Intown ATL License #283235 Listed on: 06/02/2025
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| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $838 | $158,280 | $20,400 | $137,880 |
| 2022 | $749 | $137,040 | $20,400 | $116,640 |
| 2021 | $749 | $118,400 | $20,400 | $98,000 |
| 2020 | $2,396 | $83,648 | $20,400 | $63,248 |
| 2019 | $2,380 | $83,648 | $20,400 | $63,248 |
| 2018 | $1,901 | $104,560 | $20,400 | $84,160 |
| 2017 | $2,018 | $57,680 | $20,400 | $37,280 |
| 2016 | $1,797 | $57,680 | $20,400 | $37,280 |
| 2014 | $2,255 | $76,720 | $20,400 | $56,320 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/02/2025 06/02/25 | For Sale | $325,000 | -- | $64 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $120,199 | -- | |
| Foreclosure Deed | $275,260 | -- | |
| Deed | $35,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $331,000 | Stand Alone Second | |
| Previous Owner | $289,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | -- | Seller Take Back |
$315,900
BACK ON MARKET! Property in excellent condition. Buyer's financing fell through. Here's your opportunity to grab this gorgeous, fully renovated 4-bedroom Home in the Coveted Mainstreet Community! Welcome to 5035 Post Road Court, Stone Mountain, GA, a stunning fully renovated 4-bedroom, 3-bathroom split-level home that seamlessly blends modern upgrades with a spacious and functional layout.
Connie Lindsay HomeSmart
$375,000
Welcome to this stunning two-level home conveniently located near Stone Mountain Park, with quick access to Hwy 78, I-285 and minutes from Atlanta!Step into the open-concept main level, featuring a bright dining area, cozy living room with fireplace, and a fully updated kitchen. The kitchen showcases a central island, quartz countertops, soft-close white shaker cabinets (with a lazy Susan), and
Mara Santos Realty Professionals, Inc.
$369,900
Welcome to this stunningly renovated corner lot home in the desirable Stone Mountain community! This spacious 5-bedroom, 3-bath home offers both comfort and modern upgrades, perfect for families seeking a move-in ready property. Step inside to find gleaming hardwood floors on the main level and stylish luxury vinyl plank flooring in the fully finished basement—ideal for home gym, entertainment
Rolanda Alexander Century 21 Results
$379,000
Spacious 4-bedroom home sitting on a large, level corner lot in the beautiful Waters Edge Community located just minutes from Stone Mountain Park! This home offers the perfect blend of comfort, style, and location. With just a bit of TLC, it’s ready to shine—don’t miss out on this exceptional opportunity! Close to shopping and restaurants, with easy access to Rock Chapel and Rockbridge Road.
James Williams Cultivate Communities Real Estate
$338,000
Welcome to 409 Arbor Ridge, where modern elegance meets comfort! This home features spacious rooms, including a convenient main floor bedroom, and a beautifully finished basement perfect for entertaining. Step outside to enjoy the serene ambiance of the beautiful large porch in the backyard, ideal for relaxing or hosting gatherings. With the added convenience of four parking spaces, this property
Anhad Chawla Homesmart Realty Partners
$363,000
This property in Wynbrooke features 4 bedrooms and 3.5 bathrooms. The grand two-story foyer offers ample natural light. The elegant formal dining room includes crown molding, while the open-concept kitchen is equipped with stone countertops and a breakfast bar. The living room has a cozy fireplace, and the oversized primary bedroom has tray ceilings and an ensuite bathroom with dual sinks and a
Chris Hurd Blue Mountain Realty GA LLC
$364,000
Welcome to this stunning 5-bedroom, 3.5-bathroom home located in Stone Mountain, nestled in a peaceful cul-de-sac within a Swim/Tennis/Lake community. As you step inside, you'll be greeted by a grand two-story foyer that leads into the heart of the home. The spacious eat-in kitchen features sleek stainless steel appliances, an island, tile flooring, and durable solid surface countertops perfect
Ramesh Seegulam Nation One Realty Group, Inc.
$395,000
New Listing Alert: Spacious 5-Bedroom Gem Near Stone Mountain Park! Welcome to 787 Wynnbrooke Parkway, a stunning 5-bedroom, 3.5-bathroom home offering 3,373 sq ft of open-concept living space. The oversized master suite provides a luxurious retreat, while the expansive layout ensures comfort for the whole family. Property Highlights: Finished Basement: An additional 1,516 sq ft featuring its
Candace Smiley Keller Williams Realty Cityside
Source: First Multiple Listing Service (FMLS)
MLS Number: 7588007
APN: 18-029-01-078
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