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424 Water Fall Ln, Stone Mountain, GA, 30087

7beds
6baths
6,136sqft
$699,500
$114price/sqft
$5,176/moest. monthly cost
$207,040/yrincome needed

About This Home

Welcome to 424 Water Fall Lane, an exceptional fully renovated lakefront home in Stone Mountain's desirable Water's Edge community, offering 6,136 total square feet, 7 bedrooms, and 5.5 bathrooms across three beautifully finished levels. Set against a peaceful private lake, this remarkable residence offers breathtaking views of the water and Stone Mountain. Step inside to a bright, expansive main level featuring all-new hardwood flooring, fresh interior paint, updated fixtures, and generous living and entertaining spaces. The impressive primary suite is conveniently located on the main level and serves as a true private retreat, complete with its own fireplace, an oversized walk-in closet, a spacious bathroom, and serene views of the backyard, lake, and Stone Mountain. The upper level provides additional spacious bedrooms finished with high-end luxury vinyl flooring, while the fully finished basement offers exceptional flexibility for multigenerational living, extended guests, or entertaining. The basement includes two large bedrooms, two full bathrooms, a complete second kitchen with new stainless-steel appliances, a full laundry area, and multiple living and recreation spaces. The home features three new HVAC systems, a new water heater, updated plumbing and electrical systems, new fixtures, new flooring throughout, new stainless-steel appliances on both the main and basement levels, and fresh interior and exterior paint. Two exterior decks provide excellent outdoor living space, including an oversized deck accessible from the family room and master bedroom with a beautiful view of the lake. The large backyard has also been refreshed with new sod, creating plenty of room for recreation, entertaining, and relaxation. Water's Edge is centered around a picturesque private community lake and offers spectacular neighborhood amenities, including tennis courts, pickleball courts, a basketball court, and a swimming pool. The community is also located just minutes from Stone Mountain Park. Convenient access to Rockbridge Road, Annistown Road, Highway 78, and I-285 makes commuting throughout Stone Mountain, Tucker, Decatur, and the greater Atlanta area easy. Nearby parks, shopping, dining, schools, and recreational attractions add even more convenience. This is a rare opportunity to own a spacious, fully renovated lakefront home with commanding views, multiple living areas, two kitchens, two laundry areas, and room for nearly every lifestyle. 424 Water Fall Lane offers the space, flexibility, scenery, and upgrades buyers have been searching for.

Getting Around

26
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

4/10
4/10
Stephenson Middle SchoolGrades 6-81.6 mi
2/10
Stephenson High SchoolGrades 9-122.0 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1998

Materials

  • Roof: Composition
  • Construction materials: Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Double Oven,Microwave,Stainless Steel Appliance(s)
  • Laundry features: In Basement,Other

Basement

  • Has basement: Yes
  • Basement: Daylight,Exterior Entry,Finished,Full,Interior Entry,Bath Finished

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Dining Room

  • Features: Separate Room

Features

  • Double Vanity,Walk-In Closet(s),High Ceilings,In-Law Floorplan,Master On Main Level
  • Window features: Double Pane Windows,Bay Window(s)
  • Flooring: Hardwood,Other
  • Number of fireplaces: 2
  • Fireplace features: Family Room,Master Bedroom
  • Fireplace: Yes
  • Finished area below ground: 2,356
  • Finished area above ground: 3,780
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 6,136
  • Total interior livable area: 6,136 sqft

Kitchen

  • Features: Breakfast Room,Kitchen Island,Second Kitchen,Walk-in Pantry,Solid Surface Counters

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 18 029 01 165
  • Special condition: Agent/Seller Relationship

Features

  • Levels: Three Or More
  • Stories: 3
  • Patio & porch: Patio,Deck
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Lake Privileges,Lake
  • Waterbody name: Water'S Edge Lake
  • Frontage type: Lakefront
  • Frontage length: Waterfront Footage: 79

Lot

  • Lot size: 0.42 Acres
  • Features: Level,Other

Parking

  • Total spaces: 8
  • 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
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Hail
Inland Flooding
Lightning
Tornado

FEMA Declared Disasters Across Georgia Counties

Flood
Hurricane
Severe Storm
Tropical Storm

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

MonthlyAnnual
Mortgage $3,537$42,444
Home Insurance *$501$6,012
Property Taxes $542$6,504
Electricity $596$7,153
Total$5,176$62,112
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$177,462/yr
40% on housing$155,280/yr
45% on housing$138,026/yr

Georgia FAIR Plan Programs

Georgia Underwriting Association

Covered
WildfireWildfire
Add-on available
WindWind
Visit Website →

Georgia Underwriting Association - Coastal

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,778Commercial: 638
Total Premiums$16.25M
Total Exposure$2.20B

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.

Insurance Growth Rate5-year average: 6.4%
6.4%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 5.4%
5.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$114This listing

vs Other Active Listings

Avg $/sqft

ZIP 30087$151
DeKalb County$179

vs Homes Sold Last Month

Median $/sqft

ZIP 30087$149
DeKalb County$171

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

DateEventPrice
2026-07-12Listed for sale$699,500
2025-10-22Sold$335,000
1998-10-05Sold$291,100

For Sale by Agent

AgentAmir Amer
BrokerageVirtual Properties Realty.com

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