405 Island Cove Dr, Newnan, GA, 30263
About This Home
A spectacular opportunity in the highly sought-after Lake Redwine community, just 15 miles south of the renowned Serenbe. This private, master-planned lakefront enclave is centered around a stunning 300+ acre lake, offering an exceptional lifestyle with fishing, kayaking, paddle boarding, swimming, tennis, and electric-only boating. Lake Redwine is known for its strong sense of community, tranquil park-like setting, and abundant natural beauty. Residents enjoy resort-style amenities including a private marina with boat docks, three swimming pools, tennis and pickle ball courts, scenic walking trails, parks, playgrounds, and a vibrant calendar of neighborhood events-all framed by the picturesque lake. Conveniently located just a short drive to charming downtown Newnan, the community offers the perfect balance of outdoor recreation and suburban convenience, with easy access to I-75 and approximately 30 minutes to Hartsfield-Jackson Atlanta International Airport. This gorgeous Home is a timeless four-sided brick traditional residence situated on over 1.74 private acres. It features a beautifully landscaped backyard oasis with a stunning pool grotto, creating an ideal setting for entertaining family and friends or enjoying peaceful outdoor living in complete privacy.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1997
Materials
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Microwave,Refrigerator
- Laundry features: In Kitchen
Basement
- Has basement: Yes
- Basement: Finished
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 1
- Main level bedrooms: 1
Features
- Double Vanity,Walk-In Closet(s)
- Flooring: Tile,Hardwood,Carpet
- Number of fireplaces: 1
- Fireplace features: Family Room,Factory Built
- Fireplace: Yes
- Finished area below ground: 1,091
- Finished area above ground: 3,512
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 4,603
- Total interior livable area: 4,603 sqft
Kitchen
- Features: Breakfast Bar,Kitchen Island
Property
Accessibility
- Accessibility features: Accessible Hallway(s)
Details
- Parcel number: 083 5203 068
Features
- Levels: Three Or More
- Stories: 3
- Private pool: Yes
- Pool features: In Ground
- Patio & porch: Deck
- Exterior features: Garden
- Residential vegetation: Grassed,Cleared,Partially Wooded
Lot
- Lot size: 1.66 Acres
- Features: Level,Cul-De-Sac,Private
Parking
- Total spaces: 2
- Parking features: Garage
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Inland Flooding
- Ice Storm
- Lightning
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Georgia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,677 | $56,124 |
| Home Insurance * | $524 | $6,288 |
| Property Taxes | $1,796 | $21,552 |
| Electricity | $447 | $5,366 |
| Total | $7,444 | $89,328 |
Income You'd Need if You Spent...
Georgia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2020-08-06 | Sold | $566,000 |
| 2020-07-07 | Pending sale | $574,900 |
| 2020-06-15 | Listed for sale | $574,900 |
| 2019-05-22 | Listing removed | $519,000 |
| 2019-02-08 | Listed for sale | $519,000 |
| 2018-03-30 | Sold | $499,500 |
| 2016-10-03 | Listing removed | $499,900 |
| 2016-09-02 | Price change | $499,900 |
| 2016-08-30 | Price change | $519,900 |
| 2016-08-04 | Price change | $532,500 |
| 2016-06-28 | Listed for sale | $539,900 |
| 2005-07-21 | Sold | $408,500 |
| 1997-02-17 | Sold | $40,000 |
| 1995-11-01 | Sold | $56,000 |
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