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$1,724,000

Beds
4
Baths
6.0
sq ft
8,560

300 Island Cove Dr, Newnan, GA 30263

300 Island Cove Dr

Newnan, GA 30263

  • 57 days on market
    • Price drop $25,000↓
Welcome to 300 Island Cove Drive, a magnificent all-brick, stately waterfront home situated on a sprawling 1.56-acre estate lot in the Lake Redwine Plantation Community. This grand residence features a sweeping circular drive and stunning, immense big water views. With 4 bedrooms and 5.5 bathrooms, this home offers an unparalleled blend of luxury and comfort. Upon entering this ranch style home, you are greeted by an incredible marble entry foyer that sets the tone for the rest of the home. The exquisite architectural details include extensive custom hand-carved moldings and trim, arches, coffered, and tray ceilings, and custom lighting throughout. The home boasts a library for quiet retreats or a home office and an expansive chef's kitchen complete with a granite island, 5-burner cooktop, Sub-Zero refrigerator, and a convenient coffee bar. The elegant formal dining room, which seats 12 or more, is perfect for hosting dinner parties and family gatherings. The fabulous great room and living room both offer breathtaking lake views and custom ceiling beams, with gleaming hardwood floors adding warmth and sophistication throughout the home. The primary suite is a luxurious oasis, featuring a sitting area and dual ensuite bathrooms. Additionally, the fully finished basement adds an additional 4,000+ square feet of living space that can be accessed via elevator or stairs. In the basement, there is an au pair suite with a full kitchen, bedroom, and living space, providing the perfect accommodation for guests or extended family. Experience the perfect blend of luxury, comfort, and stunning natural beauty at 300 Island Cove Drive. This exceptional property is a rare find, offering an unparalleled lifestyle on the shores of Lake Redwine Plantation. Don’t miss the opportunity to make this magnificent home your own.

Details

Property type

Single Family Residence

Est. home value

$1,481,002

Lot size

1.57 acres

Price per sq ft

$202

Year built

1992

Annual property taxes

$14,071

Monthly HOA fee

$79.17

Price History

09/09/2024
FMLS

FMLS #7422714

Price change
$1,724,000
-1.43%
07/24/2024
FMLS

FMLS #7422714

Listed
$1,749,000
+20.62%
03/17/2023
GeorgiaMLS

GeorgiaMLS #20100111

Sold
$1,450,000
+100%

Schools & Community

Elementary school: 

Brooks - Coweta

Middle school: 

Madras

High school: 

Newnan

Community features: 

Clubhouse, Lake

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

$73,343
Asking price
$1,724,000
Closing costs (~8% of asking)
-$137,920
Est. remaining loan balance
-$1,512,737
Cash to seller
$73,343

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

$1,512,737

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: 09/19/2024 at 12:00 PM

Listing updated: 09/09/2024 at 10:35 AM

Listed by: Jordan Hawkins, Compass Phone #: (404) 668-6621

MLS: FMLS #7422714

FMLS logo

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