




424 Water Fall Ln, Stone Mountain, GA, 30087
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
Schools
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
- Hail
- Inland Flooding
- Lightning
- 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 | $3,537 | $42,444 |
| Home Insurance * | $501 | $6,012 |
| Property Taxes | $542 | $6,504 |
| Electricity | $596 | $7,153 |
| Total | $5,176 | $62,112 |
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 |
|---|---|---|
| 2026-07-12 | Listed for sale | $699,500 |
| 2025-10-22 | Sold | $335,000 |
| 1998-10-05 | Sold | $291,100 |
