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$1,649,900

Beds
4
Baths
5.5
sq ft
8,560

300 Island Cove Dr, Newnan, GA 30263

300 Island Cove Dr

Newnan, GA 30263

  • 37 days on market
GORGEOUS LAKE FRONT CUSTOM ALL BRICK RANCH HOME IN SOUGHT AFTER LAKE REDWINE NEIGHBORHOOD On 1.52 +/- Acre Lot Has Panoramic Views Through Custom Floor To Ceiling Windows Of The Lake And Boat Dock!! 4 Bedrooms & 4.5 Baths. Recently renovated home with Chef's Kitchen with high-end stainless appliances, fabulous Wolf 6 Burner Range in Brick Alcove, Warming Drawer, built-in Sub-Zero Fridge and custom cabinets with quartz countertops & quartz backsplash with huge quartz countertop island, oak hardwood flooring, Vaulted Beamed Ceiling sunroom that adjoins the Kitchen with beautiful lake views! Access to Back Covered Lake Viewing Oversized Breezy Screened Porch with Herringbone Brick Flooring. Family Room w/ coffered ceiling, fireplace w/ marble surround w/ gas starter & oak hardwood flooring, small nook off the family room with built-in shelving. Dining Room that seats 12 w/ oak hardwood flooring & built-ins & triple trey ceiling. Primary bedroom suite with water views with hardwood flooring & his and hers bathrooms spa bath huge marble tiled Shower, dual vanities with granite countertops and jetted soaking tub with custom designer closet, porch access. Two guest bedrooms on main, renovated adjoining bath & spacious walk-in closets with built-ins. French doors off the primary closet leading to the covered screen porch. Tiled laundry room with w/ mud sink, tiled backsplash w/ wood countertop & cabinets. Stunning basement complete w, designer kitchen/living space, Kitchen has quartz countertop & stainless appliances. Multi-Generational/ In-Law Suite/Teen-Suite or Nanny quarters. Office space, bedroom w/ huge walk-in closet w/ built-ins and tiled guest bathroom w/ granite countertop w/ vanity and tiled surround shower/soaking tub. Elevator that services both floors. Game room with hardwood flooring, w/ gas starter fireplace, built-in bar w/ sink, kegerator & mini frig and gym. Salt water Gunite Pool with tiled bathroom with vanity & tiled shower. Work-out room . 3 Car Garage with Circular Driveway! Lake Redwine lake offers a 300 +/- Acre Lake, Clubhouse, Marina, Lighted Tennis/Pickleball Courts, Playground, 2 Pools, Lake Fishing, Swimming, Resident clubs and Neighborhood Events!

Details

Property type

Single Family Residence

Est. home value

$1,481,002

Lot size

1.53 acres

Price per sq ft

$193

Year built

1992

Annual property taxes

$13,442.85

Monthly HOA fee

$100

Price History

02/25/2025
GeorgiaMLS

GeorgiaMLS #10465996

Listed
$1,649,900
-2.66%
12/26/2024
FMLS

FMLS #7422714

Removed
$1,695,000
10/04/2024
FMLS

FMLS #7422714

Price change
$1,695,000
-1.68%

Schools & Community

Elementary school: 

Brooks

Middle school: 

Madras

High school: 

Newnan

Community features: 

Clubhouse, Lake, Playground, Pool, Sidewalks, Street Lights, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$14,373
Asking price
$1,649,900
Closing costs (~8% of asking)
-$131,992
Est. remaining loan balance
-$1,503,535
Cash to seller
$14,373

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Neighborhood Mortgage

Loan start date

January 2024

Original loan amount

$1,521,570

Est. remaining balance

$1,503,535

Interest rate

7.03%

Loan type

New Conventional, 30 year

Seller

Samuel Brown

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/03/2025 at 8:00 PM

Listing updated: 03/11/2025 at 1:10 AM

Listed by: Tom W. Barron, Lindsey's Inc., Realtors

MLS: GeorgiaMLS #10465996

GeorgiaMLS logo

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