$985,000
$10K PRICE DROP

5265 Madge Ln Gainesville, GA 30506

Estimated payment $6,113/month

Total Views 2,085
3 Beds
5 Baths
6,592 Sq Ft
$149 Price per Sq Ft

Highlights

  • 1,200 Feet of Waterfront
  • Lake On Lot
  • Sitting Area In Primary Bedroom
  • In Ground Pool
  • RV Access or Parking
  • River View

About This Home

Exceptional 3-bedroom, 3.5-bath home on 8.078 +/- acres, zoned Vacation Cottage (V-C), offering approximately 4,500 +/- sq ft of heated living space plus a full unfinished basement stubbed for additional baths, kitchen, and wood-burning stove. Built in 2019 with ICF concrete construction to the roofline, this property boasts stunning Lake Lanier views, 775' of Wahoo Creek frontage with waterfalls, and 437' bordering US Corps of Engineers property. Features include a 3-floor elevator, in-ground saltwater pool, open-concept layout with master on the main, gourmet kitchen with island, coffee room/bar lots of pantry space, mud room/laundry room, closets galore and smart home systems. Additional highlights include a 2,400 sq ft workshop with finished office, full bath, and two 12'x12' roll-up garage doors, as well as a 3-car garage and unfinished bonus space ready to customize or in-law suite. A rare find blending luxury, privacy, and endless potential!

Listing Agent

Chris McCall

Chris McCall Realty, LLC License #183869 Listed on: 07/10/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,879

Year Built

  • Built in 2017

Lot Details

  • 8.07 Acre Lot
  • Lot Dimensions are 394x778x560x1099
  • 1,200 Feet of Waterfront
  • Lake Front
  • River Front
  • Property fronts a private road
  • Back Yard Fenced
  • Garden

Parking

  • 3 Car Garage
  • Parking Accessed On Kitchen Level
  • Garage Door Opener
  • RV Access or Parking

Property Views

  • River
  • Lake

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Block Foundation
  • Metal Roof
  • Concrete Siding
  • Cement Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Factory Built Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Entrance Foyer
  • Family Room with Fireplace
  • L-Shaped Dining Room
  • Breakfast Room
  • Home Office
  • Bonus Room
  • Fire and Smoke Detector

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • Oversized primary bedroom
  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Laundry

  • Laundry in Mud Room
  • Laundry Room
  • Laundry on main level
  • Laundry in Kitchen

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Stubbed For A Bathroom
  • Natural lighting in basement

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Full Bathroom
  • Accessible Kitchen
  • Accessible Doors
  • Accessible Entrance

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Insulation

Pool

  • In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Stream or River on Lot
  • Lake On Lot
  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Front Porch

Schools

  • Mount Vernon Elementary School
  • North Hall Middle School
  • North Hall High School

Utilities

  • Central Heating and Cooling System
  • Air Source Heat Pump
  • 220 Volts
  • Well
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Phone Available

Community Details

  • Community Lake
  • Stream

Listing and Financial Details

  • Assessor Parcel Number 11058 000033

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,879

Year Built

Built in 2017

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Active
  • Property Type: Residential
  • MLS Status: Active
  • Property Sub Type: Single Family Residence
  • Architectural Style: Craftsman, Traditional
  • Property Condition: Resale
  • Year Built: 2017
  • Accessibility Features: Accessible Doors, Accessible Elevator Installed, Accessible Entrance, Accessible Full Bath, Accessible Kitchen
  • Levels Stories: Two
  • Above Grade Finished Sq Ft: 3952.00
  • Below Grade Sq Ft: 2688.00
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Fireplace Features: Factory Built, Family Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Double Oven, Electric Range, Electric Water Heater, Microwave
  • Interior Amenities: Double Vanity, Entrance Foyer, High Speed Internet, Walk-In Closet(s)
  • Basement: Bath/Stubbed, Daylight, Exterior Entry, Full, Interior Entry, Unfinished
  • Kitchen Features: Breakfast Bar, Breakfast Room, Eat-in Kitchen, Kitchen Island, Pantry, Solid Surface Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Family Room, Laundry, Office
  • Dining Room Features: Dining L
  • Square Footage: 6592.00
  • Spa Features: None
  • Window Features: Double Pane Windows, Insulated Windows

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Master on Main, Oversized Master, Sitting Room
  • Main Bedrooms: 1
  • Total Bathrooms: 5
  • Total Full Baths: 3
  • Total Half Baths: 2
  • Main Full Bathrooms: 1
  • Lower Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Shower Only

Exterior Features

  • Other Structures: Garage(s), RV/Boat Storage, Workshop
  • Waterfront Frontage: 1200
  • Construction Materials: Cement Siding, Concrete, Vinyl Siding
  • Roof Type: Metal
  • Lake Name: Lanier
  • Fencing: Back Yard
  • Patio And Porch Features: Deck, Front Porch, Patio
  • Exterior Features: Garden, Private Yard
  • Pool Features: In Ground, Salt Water
  • View: Lake, River
  • Pool Private: No
  • Foundation: Block

Garage/Parking

  • Carport or Garage: 3
  • Number of Garage Spaces: 3
  • Number Of Parking Spaces: 3
  • Parking Features: Attached, Detached, Garage, Garage Door Opener, Kitchen Level, RV Access/Parking

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Security: Fire Alarm, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Electric, Heat Pump
  • Heating: Central, Heat Pump
  • Laundry Features: In Kitchen, Laundry Room, Main Level, Mud Room
  • Utilities: Electricity Available, Phone Available
  • Electric: 220 Volts

Condo/Co-op/Association

  • Community Features: Lake, Stream Year Round

Schools

  • Elementary School: Mount Vernon
  • Middle School: North Hall
  • High School: North Hall

Lot Info

  • Acres: 8.0700
  • Land/Lot: 58
  • Deed Book: 6367
  • Deed Page: 412
  • Plat Book: 847
  • Plat Page: 232
  • Lot Features: Lake On Lot, Stream or River On Lot
  • Lot Dimensions: 394x778x560x1099
  • Parcel Number: 11058 000033
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Efficiency: Insulation, Windows
  • Green Energy Generation: None

Tax Info

  • Taxes: 7879.00
  • Assessor Parcel Number: 11-00058-00-033
  • Tax Year: 2024

Multi Family

  • Waterfront Features: Lake Front, River Front, Waterfront

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Mount Vernon
  • High School: North Hall
  • Middle School: North Hall

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $8,160 $329,660 $72,960 $256,700
2023 $8,524 $330,428 $42,560 $287,868
2022 $6,142 $225,928 $34,040 $191,888
2021 $5,890 $216,668 $30,400 $186,268
2020 $4,381 $235,275 $37,835 $197,440
2019 $4,391 $161,515 $37,835 $123,680
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Price Changed $985,000 -1.0% $249 / Sq Ft
07/10/2025 07/10/25 For Sale $995,000 -- $252 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $275,360 No Value Available
Source: Public Records

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Source: First Multiple Listing Service (FMLS)

MLS Number: 7613224

First Multiple Listing Service (FMLS)

APN: 11-00058-00-033