For sale

$700,000

Est. $4,704/mo —

•

943

sq ft

507 E Lake Dr, Decatur, GA 30030

About this home

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 entertainment 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!

Single-familyProperty Type

1938Year Built

0.27 acresLot Size

$742Price/Sq.Ft.

Listed by David Mitchell • Keller Williams Realty Peachtree Rd.

Contact: 404-419-3500

Source:FMLS #7830846

Payment calculator

$4,704 per month

Principal and interest$3,820

Property taxes

$604

HOA dues

Home insurance

$280

Utilities

Add

5 minutes to get started. No credit impact.

Affordability tools

See this home in person

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN TODAY, 1PM TO 3PM
$2,699,000
5 beds5.5 baths6,244 sq ft
45 Montclair Dr NE, Atlanta, GA 30309
OPEN TODAY, 2PM TO 4PM
$375,000
3 beds2 baths2,167 sq ft
56 Bonnie Ln NW, Lilburn, GA 30047
OPEN SUN, 11AM TO 1PM
$375,000
2 beds1 bath1,198 sq ft
984 Lindbergh Dr NE, Atlanta, GA 30324
REDFIN OPEN SUN, 12PM TO 3PM3D WALKTHROUGH
$625,000
4 beds4 baths3,337 sq ft
3324 Henderson Creek Rd, Atlanta, GA 30341
REDFIN OPEN SUN, 1PM TO 3PM3D WALKTHROUGH
$675,000
3 beds1.5 baths1,404 sq ft
2167 Fairway Cir NE, Brookhaven, GA 30319
OPEN SUN, 1PM TO 4PM
$525,000
4 beds2.5 baths2,186 sq ft
1063 Johnsons Grv, Atlanta, GA 30318
OPEN SUN, 1PM TO 3PM3D WALKTHROUGH
$699,999
3 beds3.5 baths1,888 sq ft
274 Ferguson St NE, Atlanta, GA 30307
REDFIN OPEN SUN, 2PM TO 4PM3D WALKTHROUGH
$499,000
5 beds4 baths2,840 sq ft
1889 Shoal Creek Blvd, Decatur, GA 30032
OPEN SUN, 2PM TO 4PM
$1,075,000
4 beds3 baths3,527 sq ft
500 Woodmoore Ct, Atlanta, GA 30342
OPEN SUN, 2PM TO 5PM3D WALKTHROUGH
$875,000
5 beds4.5 baths3,490 sq ft
1099 Briar Cove Cir NE, Atlanta, GA 30329

Around this home

Schools

K - 12
Preschool & daycare

Oakhurst Elementary School

Public PreK-2 • Assigned • 0.3mi

Beacon Hill Middle School

Public 6-8 • Assigned • 0.8mi

9/10

Decatur High School

Public 9-12 • Assigned • 1.0mi

9/10

Provided by GreatSchools

About

Oakhurst

Oakhurst, located between Downtown Decatur and Kirkwood, is a residential and walkable Decatur neighborhood with a village-style commercial strip and leafy side streets. The neighborhood’s character concentrates around the College Avenue and East Lake Drive corridor, where patios, coffee counters, and small storefronts keep the sidewalks active. Craftsman bungalows and early 20th-century cottages set a consistent architectural rhythm, with pocket parks and front-porch streetscapes shaping daily routines. Sceptre Brewing Arts anchors the local beer-and-arts scene, while Universal Joint and Steinbeck’s Restaurant & Bar serve as long-running gathering spots. Oakhurst Park adds courts, fields, and shaded paths that connect the neighborhood’s calm blocks to its busier corners.

Provided by Walk Score and Local Logic

Offer insights

507 E Lake Dr · $700,000

Strong offer

$704K and above

75% chance or better to win

Why $704K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 45 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Interior features
One fireplace in the living room
Wood window frames
Open-concept dining area
Attic

Bedrooms
Three bedrooms on the main level
Primary suite on the main level

Bathrooms
One full bathroom (main level)

Kitchen
Kitchen with additional features (not specified)

Laundry & utility
Laundry on the main level

Flooring
Carpet and other flooring

Heating & cooling
Central air conditioning
Forced-air heating

Sale and tax history for 507 E Lake Dr

Sale History
Tax History

Date

Event

Price

FMLS #7830846

Sep 1, 2026

Listed

$700,000

$742/sq ft

GAMLS #10837617

Sep 1, 2026

Listed

$700,000

$742/sq ft

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 entertainment 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!

Year

Property tax

Land + Additions

Assessment*

2025

$7,245 (+6.9%)

$85,520 + $88,120

$173,640

2024

$6,776 (−44.8%)

$85,520 + $88,120

$173,640

2023

$12,281 (+81.7%)

$85,520 + $77,640

$163,160

2022

$6,758 (−46.4%)

$71,680 + $69,560

$141,240

2021

$12,608 (+96.3%)

$31,920 + $110,160

$142,080

2020

$6,422 (+7.9%)

$31,920 + $110,160

$142,080

2019

$5,954 (+4.9%)

$31,920 + $103,560

$135,480

2018

$5,675 (−6.5%)

$31,920 + $99,880

$131,800

2017

$6,072 (+92.3%)

$31,920 + $99,880

$131,800

2016

$3,157 (+41.1%)

$31,920 + $94,640

$126,560

2014

$2,237 (+3.0%)

$31,920 + $80,200

$112,120

2013

$2,172 (+436.6%)

$31,904 + $47,496

$79,400

2012

$405 (−82.5%)

$66,187 + $13,213

$79,400

2011

$2,317 (+528.8%)

$32,000 + $47,400

$79,400

2010

$369 (+17.9%)

$32,000 + $47,400

$79,400

2008

$313

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.27 Acres

Year renovated

1993

Finished Sq. Ft.

943

Unfinished Sq. Ft.

—

Total Sq. Ft.

943

Year built

1938

Style

Single Family Residential

County

DeKalb County

APN

15 213 03 065

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 14, 2026.

R-60

Single-Family Residential District

The purpose of this district is to provide for single-family residential development with a minimum lot size of 9,000 sq ft with such public buildings, schools, places of worship, public recreational facilities and accessory uses as may be necessary or are normally compatible with such surroundings. The district is located to protect existing developments of this character.

Permitted uses

Include but are not limited to:

Garden center
Housing-Single unit
Infrastructure
Educational/school
Fire house
Police station
Public service-Other
Recreation
Park & open space

Local insights from Redfin agents

Decatur has as walkable downtown, vibrant dining scene, located east of Atlanta. Decatur Square hosts year-round community festivals, farmers markets, and outdoor concerts. Known for Craftsman bungalows, Tudor revivals, mid-century modern homes and...
3 weeks ago • Decatur
Quinique Hollis
Redfin agent
72 deals
Was this helpful?
Decatur is one of the few areas on this list where car-optional living is realistic — MARTA runs directly through downtown, and the square itself is genuinely walkable.
4 weeks ago • Decatur
Stephanie Kirksey
Redfin agent • Senior Agent
58 deals
Was this helpful?
DeKalb County offers diverse lifestyles, from established communities like Decatur and Avondale Estates to suburban neighborhoods throughout North and East DeKalb. Known for its culture, dining, green spaces, and MARTA access, DeKalb attracts buyers...
1 month ago • DeKalb County
Leah Gause
Redfin Premier agent
166 deals
Was this helpful?

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 104° expected this year, 18 days in 30 years

5/10 Wind Factor

26% chance of strong winds in next 30 years

5/10 Air Factor

6 unhealthy days expected this year, 8 days in 30 years

Provided by First Street

Historical weather

Decatur, GA • 30030

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

85/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.4 hrs

5.4 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 507 E Lake Dr

$699,433

$567 under list price of $700K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $600K to $780K.

SOLD MAY 8, 2026
$630,000 Last sold price
3 beds2 baths1,412 sq ft
216 Leyden St, Decatur, GA 30030
$296/sq ft
smaller lot
5 years older
SOLD JUL 27, 2026
$725,000 Last sold price
3 beds3.5 baths2,192 sq ft
2102 Elvan Cir NE, Atlanta, GA 30317
$411/sq ft
smaller lot
75 years newer
SOLD JUL 20, 2026
$775,000 Last sold price
3 beds2 baths1,436 sq ft
134 Feld Ave, Decatur, GA 30030
$202/sq ft
smaller lot
5 years older
SOLD OCT 31, 2025
$600,000 Last sold price
2 beds2 baths1,050 sq ft
231 Jefferson Pl, Decatur, GA 30030
$171/sq ft
smaller lot
2 years newer
SOLD MAY 8, 2026
$779,999 Last sold price
3 beds2.5 baths1,800 sq ft
2276 1st Ave NE, Atlanta, GA 30317
$309/sq ft
smaller lot
63 years newer
SOLD AUG 18, 2026
$732,000 Last sold price
3 beds2.5 baths2,209 sq ft
262 Murray Hill Ave NE, Atlanta, GA 30317
$411/sq ft
smaller lot
21 years older

Rental earnings

Est. $2,455 per month, based on comparable rentals

Tour for free, no strings attached

Make a winning offer with the help of a local agent

(678) 605-9636