507 Cross Creek PT new Save Request In-Person Tour Request Virtual Tour
Stone Mountain,GA 30087
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 5,061 sqft
Price per Sqft $64
Subdivision Waters Edge
MLS Listing ID 7588007
Style European,Traditional
Bedrooms 6
Full Baths 4
HOA Fees $284
Year Built 1988
Annual Tax Amount $838
Tax Year 2024
Lot Size 0.380 Acres
Property Sub-Type Single Family Residence
Property Description
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*
Location
State GA
County Dekalb
Rooms
Other Rooms RV/Boat Storage,Storage,Workshop
Dining Room Separate Dining Room
Interior
Heating Central,Natural Gas
Cooling Ceiling Fan(s),Central Air
Flooring Ceramic Tile,Hardwood,Other
Fireplaces Number 2
Fireplaces Type Family Room,Great Room
Laundry Laundry Room,Sink
Exterior
Exterior Feature Garden,Private Entrance,Private Yard
Parking Features Attached,Driveway,Garage,Garage Faces Side,Kitchen Level
Garage Spaces 2.0
Fence None
Pool None
Community Features Boating,Clubhouse,Fishing,Fitness Center,Homeowners Assoc,Lake,Near Trails/Greenway,Park,Pickleball,Playground,Pool,Tennis Court(s)
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Waterfront Description Lake Front
View Lake
Roof Type Composition
Building
Lot Description Back Yard,Cul-De-Sac,Front Yard,Lake On Lot
Story Three Or More
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Lap Siding,Stone,Stucco
New Construction No
Schools
Elementary Schools Princeton
Middle Schools Stephenson
High Schools Stephenson
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None