$325,000

507 Cross Creek Point, Stone Mountain, GA 30087

  • 6 beds |
  • 4 baths |
  • 3,847 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1988
  • Property Lot Size Icon0.38acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $84/sqft
  • Property List Date Icon Listed 1 month ago

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*

Listing Status:
Pending
Date Added:
June 2, 2025 at 05:00AM
Listing Office:
Keller Williams Realty Intown ATL : 404-541-3500
Listing Agent:
SARA LEE PARKER : 678-575-2258
MLS ID:
7588007

This listing courtesy of SARA LEE PARKER, Keller Williams Realty Intown ATL

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Princeton Elementary School

1301 S Deshon Rd, Lithonia, GA, 30058

Grades PK-5

2.39 miles away

S

Stephenson Middle School

922 Stephenson Rd, Stone Mountain, GA, 30087

Grades 6-8

1.75 miles away

S

Stephenson High School

701 Stephenson Rd, Stone Mountain, GA, 30087

Grades 9-12

2.16 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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