2447 Terrace Vw NW, Gainesville, GA, 30501
About This Home
Welcome to this beautiful new construction townhouse-condominium, perfectly situated at the entrance of Holly Park on beautiful Lake Lanier. Enjoy the best of both worlds: peaceful lakeside living and the convenience of being just minutes from downtown Gainesville, shopping, hospitals, schools, restaurants, and entertainment. Step inside to discover a great designed floor plan featuring a spacious Main-Level Owner's Suite, a large side-by-side closet, elegant quartz countertops, and stylish finishes throughout. The open-concept living space is complemented by stainless steel appliances, including a range, microwave, and dishwasher, making everyday living both comfortable and convenient. Outdoor enthusiasts will love having Lake Lanier recreation just steps away, with easy access to boat ramps, a beach area, picnic pavilions, and endless opportunities for boating, fishing, and relaxing by the water. Are you looking for a low maintenance lifestyle near the lake, this beautiful new home offers exceptional value and location. This property is New Construction and has been completed. Photos are virtually staged.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Under Construction
- New construction: Yes
- Year built: 2026
Materials
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: Condo
- Architectural style: Brick 3 Side
- Property subType: Condominium
Interior
Appliances
- Appliances included: Convection Oven,Dishwasher,Microwave,Stainless Steel Appliance(s)
- Laundry features: In Hall
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Features
- Master On Main Level
- Flooring: Carpet,Vinyl
- Finished area below ground: 0
- Finished area above ground: 1,500
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total structure area: 1,500
- Total interior livable area: 1,500 sqft
Property
Details
- Parcel number: 01097 003001
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
Lot
- Features: Level
Parking
- Parking features: Assigned
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
- Lightning
- Tornado
- Hail
- Inland Flooding
- Ice Storm
- Strong Wind
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 | $1,506 | $18,072 |
| Home Insurance * | $163 | $1,956 |
| Property Taxes | $171 | $2,052 |
| Electricity | $219 | $2,637 |
| Total | $2,059 | $24,708 |
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 |
|---|---|---|
| 2026-06-10 | Listed for sale | $298,000 |
View on Zillow