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$875,000

Beds
2
Baths
2.0
sq ft
1,200

550 S Rays Rd, Stone Mountain, GA 30083

550 S Rays Rd

Stone Mountain, GA 30083

  • 139 days on market
    • Price drop $100,000↓
Welcome to an unparalleled real estate opportunity in Dekalb. This expansive parcel of land presents a rare chance to craft your vision! Property Highlights include 18.3 acres of pristine, undeveloped land featuring a stunning 3.5-acre pond, adding natural allure and recreational potential. Zoned RA 5 Residential, offering versatility for various development projects. Potential for two entry points, enhancing accessibility and convenience. Suitable for a range of possibilities, including the development of 30+ single-family homes or the creation of a magnificent private estate. This property presents an exceptional canvas for developers seeking to create a thriving residential community. With ample space and zoning conducive to single-family housing, envision crafting a neighborhood that harmonizes with the surrounding environment while meeting the needs of modern homeowners. Alternatively, for those desiring a secluded retreat, this expansive parcel offers the ideal setting for a private estate. Imagine building your dream home amidst lush greenery, with the tranquil pond serving as a picturesque backdrop for everyday living. One of the standout features of this property is its accessibility to essential utilities. Public water and sewer connections are available, along with natural gas and electric power infrastructure, streamlining the development process and ensuring convenience for future residents. Conveniently situated, this property enjoys proximity to key amenities, schools, shopping centers, and major transportation routes . Don't Miss Out! Seize the opportunity to make your mark in the real estate landscape with this exceptional property.

Details

Property type

Single Family Residence

Lot size

18.52 acres

Price per sq ft

$730

Year built

1965

Annual property taxes

$3,015

Price History

05/15/2024
FMLS

FMLS #7337450

Price change
$875,000
-10.26%
02/15/2024
FMLS

FMLS #7337450

Listed
$975,000
+874.99%
09/29/2011
FMLS

FMLS #4261554

Sold
$100,001

Schools & Community

Elementary school: 

Allgood - Dekalb

Middle school: 

Freedom - Dekalb

High school: 

Clarkston

Community features: 

None

Status: Active

Tomo last checked: 07/03/2024 at 2:20 PM

Listing updated: 05/15/2024 at 6:54 PM

Listed by: Joyce Teitelman, Berkshire Hathaway HomeServices Georgia Properties Phone #: (770) 973-8822

MLS: FMLS #7337450

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