Pending

$700,000

Est. $4,657/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

$4,657 per month

Principal and interest$3,773

Property taxes

$604

HOA dues

Home insurance

$280

Utilities

Add

5 minutes to get started. No credit impact.

Affordability tools

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN SAT, 11AM TO 1:30PM
$410,000
4 beds3 baths1,506 sq ft
333 Lawton St SW, Atlanta, GA 30310
5,013 sq ft lot • 2 parking spots • Built 2005
OPEN SAT, 12PM TO 2PM
$1,575,000
4 beds4 baths3,615 sq ft
1227 Paces Forest Dr NW, Atlanta, GA 30327
0.84 acre lot • 3 garage spots • Built 1960
OPEN SAT, 1PM TO 3PM3D WALKTHROUGH
$1,150,000
5 beds4 baths2,756 sq ft
2049 Tuxedo Ave NE, Atlanta, GA 30307
8,276 sq ft lot • Garage • Built 1935
OPEN SUN, 12PM TO 2PM3D WALKTHROUGH
$849,900
3 beds2 baths2,849 sq ft
2546 Skyland Trl NE, Brookhaven, GA 30319
0.36 acre lot • Pool • Built 1963
REDFIN OPEN SUN, 1PM TO 3PM3D WALKTHROUGH
$840,000
4 beds4.5 baths3,422 sq ft
1025 Fairway Ests NE, Brookhaven, GA 30319
8,712 sq ft lot • 2 garage spots • Built 1997
OPEN SUN, 1PM TO 3PM
$439,999
4 beds2 baths1,702 sq ft
2278 Collier Dr, Decatur, GA 30032
0.3 acre lot • 2 parking spots • Built 1958
OPEN SUN, 1PM TO 3PM3D WALKTHROUGH
$439,000
3 beds3.5 baths2,006 sq ft
4251 Nelby Dr, Stone Mountain, GA 30083
0.39 acre lot • 2 garage spots • Built 2026
OPEN SUN, 1PM TO 3PM
$600,000
3 beds2 baths1,725 sq ft
527 Scott Cir, Decatur, GA 30033
0.24 acre lot • Garage • Built 1950
OPEN SUN, 2PM TO 4PM3D WALKTHROUGH
$2,495,000
5 beds6 baths7,497 sq ft
976 Liawen Ct NE, Atlanta, GA 30329
0.53 acre lot • 2 garage spots • Built 2017
OPEN SUN, 2PM TO 4PM3D WALKTHROUGH
$489,900
3 beds2 baths1,944 sq ft
1602 Terry Mill Rd SE, Atlanta, GA 30316
0.31 acre lot • Built 1950

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

Market insights

507 E Lake Dr · $700,000

DAYS ON MARKET

The average home goes pending in 48 days.

SALE-TO-LIST

Most homes are selling 1% below list price.

LIST PRICE

Median sale price in this area is $381,711. (45% lower than this home)

PRICE DROP

27% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Interior features
Living room fireplace
Wood-frame windows
Attic

Bedrooms
3 bedrooms on the main level

Bathrooms
1 full bathroom on the main level

Laundry & utility
Main-level laundry

Flooring
Carpet and other flooring

Heating & cooling
Forced-air heating
Central air conditioning

Sale and tax history for 507 E Lake Dr

Sale History
Tax History

Date

Event

Price

FMLS #7830846

Oct 21, 2026

Pending

—

Oct 20, 2026

Contingent

—

Sep 1, 2026

Listed

$700,000

$742/sq ft

GAMLS #10837617

Sep 30, 2026

Contingent

—

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

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

$670,194

$30K under list price of $700K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $475K to $746K.

SOLD AUG 21, 2026
$746,000 Last sold price
4 beds2 baths2,100 sq ft
168 Mellrich Ave NE, Atlanta, GA 30317
$387/sq ft
smaller lot
12 years newer
SOLD OCT 13, 2026
$680,000 Last sold price
3 beds2 baths1,682 sq ft
267 Cambridge Ave, Decatur, GA 30030
$338/sq ft
smaller lot
15 years older
SOLD JUN 3, 2026
$475,000 Last sold price
2 beds2 baths1,186 sq ft
236 Mellrich Ave NE, Atlanta, GA 30317
$341/sq ft
smaller lot
14 years newer
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 MAY 21, 2026
$700,000 Last sold price
3 beds2.5 baths1,564 sq ft
1736 Oakview Rd, Decatur, GA 30030
$294/sq ft
smaller lot
60 years newer
SOLD SEP 18, 2026
$660,000 Last sold price
3 beds2 baths1,692 sq ft
2322 1st Ave NE, Atlanta, GA 30317
$352/sq ft
smaller lot
10 years newer

Rental earnings

Est. $2,493 per month, based on comparable rentals

This home is pending

The seller has accepted an offer, and this property is now .

Have questions?

Evelyn Ruth

Decatur Redfin Agent

Evelyn Ruth typically replies in about 10 minutes

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Separate scullery • Formal dining room • 9,583 sq ft lot

OPEN SAT, 1PM TO 3PM

$495,000

3 beds2.5 baths1,798 sq ft

956 Ashbury Heights Ct, Decatur, GA 30030

Vaulted ceilings • Huge windows • Eat-in kitchen

NEW 35 HRS AGO

$225,000

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Updated kitchen • Quartz countertops • Custom open shelving

$785,000

4 beds2.5 baths4,796 sq ft

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Renovated • Updated kitchen • Outdoor space

$560,000

2 beds2.5 baths1,500 sq ft

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Designer renovated • Open floor plan • Updated kitchen

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1.69 acre wooded lot • Woodland setting • Existing home

Details provided by FMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

Open houses

Nearby open houses (10)

Around this home

Schools

Market insights

Property details

Sale and tax history for 507 E Lake Dr

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 507 E Lake Dr

This home is pending

Have questions?

Nearby similar homes

New listings for sale in 30030

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