About This Home

This 3-bedroom, 1-bathroom single family at 507 E Lake Drive in Decatur, GA is listed for $700,000 ($742 per sqft). Built in 1938, the home offers 943 sqft of living space on a 0.27 acres lot.

Key Features

  • Built in 1938
  • 0.27 acre lot
  • Fireplace

Property Details

1 story
1 full
1938

Amenities

FireplaceA/C
Listing Description

Rare opportunity to build your dream home or start your next luxury project on a wide, level corner lot in the middle of it all! Walk out your front door to the wide, welcoming sidewalks and wonderful, pedestrian friendly neighborhood of Oakhurst. Located across from the Oakhurst Park & Dog Park, walkable to the amazing restaurants and entertainmen

t of downtown Oakhurst, the East Lake MARTA station and minutes from downtown Decatur, Kirkwood and more! Highly coveted City of Decatur schools and neighborhood magic including the annual Porchfest music festival! Being sold "as-is" ideally to be torn down and rebuilt but the property is currently occupied. Terrific opportunity for top notch Builders or Buyers looking for the perfect place to create a masterpiece!

Monthly Cost Estimate

$3,744/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,033
Insurance$204

Estimates only. Actual payments may vary.

Location

507 E Lake Drive

Decatur, GA 30030

Oakhurst

Features & Amenities

Exterior Features

Awning(s)Private Yard

Property Details

Flooring

Carpet

Construction

Wood Siding

Outdoor Features

Porch

Parking

DrivewayCovered

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 507 E Lake Drive is listed at $700,000 ($742/sqft). The estimated monthly payment is $3,744 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1938, 0.27 acre lot, Fireplace. Exterior Features: Awning(s), Private Yard.

This property is listed by David Mitchell.

DM

David Mitchell

Agent at Peachtree Road Realty Associates LLC

Listed by Peachtree Road Realty Associates LLC · Broker phone: (404) 419-3501 · View on Broker Site · Broker website

MLS# 7830846· Source: First Multiple Listing Service, Inc.· 59 days on PropertySimple

Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

507 E Lake Drive, Decatur, GA 30030

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