550 S Rays Road
Stone Mountain, GA 30083
- 2 beds
- 2 baths
- – sqft
- ~19 acre lot
- 1965 build
- – on site
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.
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Last updated May 18, 2024
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MLS# 10254300 —
This home is listed in more than one place. See it here, and here, and here.
Monthly cost estimate
Asking price
$875,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,685
|
| Taxes | $251 |
| Insurance | $240 |
| Utilities | N/A |
| Total | $5,176/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/15/24
May 15, 2024
|
Price Changed | GAMLS | $875,000 | -10.3% |
|
2/15/24
Feb 15, 2024
|
Listed / Active | GAMLS | $975,000 |