461 Preakness Way
About This Property
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 9, 2026 | Sold | ||
| Sold | |||
| Oct 5, 2025 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | Price Decreased |
$635,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Sep 15, 2025 | Listed by SouthSide, REALTORS | $655,000 | |
| Listed by SouthSide, REALTORS | |||
| Jul 11, 2025 | Price Decreased |
$680,000
↓ $45K
(6.2%) | |
| Price Decreased | |||
| Jul 8, 2025 | Price Decreased |
$725,000
↓ $8K
(1.1%) | |
| Price Decreased | |||
| Jun 21, 2025 | Price Decreased |
$733,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Jun 8, 2025 | Price Decreased |
$738,000
↓ $37K
(4.8%) | |
| Price Decreased | |||
| May 20, 2025 | Price Decreased |
$775,000
↓ $14K
(1.8%) | |
| Price Decreased | |||
| May 18, 2025 | Price Increased |
$789,000
↑ $14K
(1.8%) | |
| Price Increased | |||
| May 17, 2025 | Price Decreased |
$775,000
↓ $14K
(1.8%) | |
| Price Decreased | |||
| Apr 26, 2025 | Listed | $789,000 | |
| Listed | |||
| | |||
|
JUST REDUCED to $680,000! 461 Preakness Way * Forsyth, GA 31029 A Rare Opportunity in the Riata Equestrian Community Your dream lifestyle just became more affordable. This gorgeous Craftsman home on fenced acreage is now priced below market value - and the sellers are motivated as their new build is ready! What You'll Love: * Equestrian-friendly community with barn & pond * Spacious layout perfect for entertaining * Screened-in porch, fenced backyard, and top-rated Monroe County schools * Peaceful country living just minutes from I-75 At $680,000, this is your chance to own a premium home in a high-demand neighborhood-without the million-dollar price tag but HOME WARRANTY provided to provide peace of mind. Bring your offer and let's make it happen! Kimberley Dial - Your Favorite Homegirl Realtor Southside Realtors | 404-456-1198
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| Jun 2, 2024 | No longer available | - | |
| No longer available | |||
| Apr 29, 2024 | No longer available | - | |
| No longer available | |||
| Apr 27, 2024 | Listed by Keller Williams Realty Atlanta Partners | $649,000 | |
| Listed by Keller Williams Realty Atlanta Partners | |||
| | |||
|
Your dream home is here. We've got a Riata equestrian subdivision home ready for a new family. Welcome to this sprawling sanctuary featuring 4 bedrooms and 3.5 bathrooms and a spacious living space, perfect for modern living. Step inside to find a meticulously and lovingly maintained space. The open-concept floor plan flows like a gentle breeze, adorned with vaulted ceilings, stylish wood flooring and gorgeous fixtures, and tons of upgrades. At the heart of the home, the chef's kitchen beckons with ample cabinetry and pantry space. And trust us, the dining room isn't just for dining--it's a hub that connects seamlessly with the kitchen, living room, and family room. The master bedroom is on the main floor in addition to another large secondary bedroom on the main floor. Upstairs are two large secondary bedrooms with an additional bonus room- perfect for a 5th bedroom, office, or gym. The covered patio is a slice of heaven for al fresco dining, entertaining, or simply lounging. As for the gated backyard, it's your own private resort for whatever your heart desires. Prime Location Alert! Forsyth GA is a growing community that holds the best highschool in Georgia-Mary Persons Highschool . A smorgasbord of dining, shopping, and golfing options nearby, so you have plenty to do. Riata is a close knit family community featuring a pool, playground, cabana area, and horse barn. The loving atmosphere in this neighborhood is truly like no other. There are several family oriented activities that are held throughout the year including back to school events, Halloween trunk or treats, fall festivals, pictures with Santa and much more. This is the kind of neighborhood where if you forgot something at the store, a neighbor will bring it to you. Additionally, Riata provides stables for your horse and discreet open gravel storage for trailer and camper parking. Small town living at its best. Don't miss out. Barn Info: $85 covers general expenses of the barn determined by the barn committee. Stalls and pastures are all self care, but we do have weekly help if owners want to pay to have it done. People have asked if they can have horses in their yard- this is the answer I was given: minimum pasture size is 2 acres for 1 horse. 33 stalls. 9 useable acres The manager has listed the unit size as 3760 square feet.
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| Apr 4, 2024 | No longer available | - | |
| No longer available | |||
| Apr 4, 2024 | Listed by Keller Williams Realty Atlanta Partners | $649,900 | |
| Listed by Keller Williams Realty Atlanta Partners | |||
| | |||
|
Your dream home is here. We've got a Riata equestrian subdivision home ready for a new family. Welcome to this sprawling sanctuary featuring?4 bedrooms and 3.5 bathrooms and a spacious living space, perfect for modern living. ?Step inside to find a meticulously and lovingly maintained space. The open-concept floor plan flows like a gentle breeze, adorned with vaulted ceilings, stylish wood flooring and gorgeous fixtures, and tons of upgrades. At the heart of the home, the chef's kitchen beckons with ample cabinetry and pantry space. And trust us, the dining room isn't just for dining--it's a hub that connects seamlessly with the kitchen, living room, and family room. The master bedroom is on the main floor in addition to another large secondary bedroom on the main floor. Upstairs are two large secondary bedrooms with an additional bonus room- perfect for a 5th bedroom, office, or gym. The covered patio is a slice of heaven for al fresco dining, entertaining, or simply lounging. As for the gated backyard, it's your own private resort for whatever your heart desires. Prime Location Alert! Forsyth GA is a growing community that holds the best highschool in Georgia-Mary Persons Highschool . A smorgasbord of dining, shopping, and golfing options nearby, so you have plenty to do. Riata is a close knit family community featuring a pool, playground, cabana area, and horse barn. The loving atmosphere in this neighborhood is truly like no other. There are several family oriented activities?that are held throughout the year including back to school events, Halloween trunk or treats, fall festivals, pictures with Santa and much more. This is the kind of neighborhood where if you forgot something at the store, a neighbor will bring it to you.?Additionally, Riata provides stables for your horse and discreet open gravel storage for trailer and camper parking. Small?town living at its best.?Don't miss out. Barn Info: $85 covers general expenses of the barn determined by the barn committee. That's basically monthly expenses the barn incurs. Stalls and pastures are all self care, but we do have weekly help if they want to pay to have it done. People have asked if they can have horses in their yard- this is the answer I was given: minimum pasture size is 2 acres for 1 horse. 33 stalls. 9 useable acres The manager has listed the unit size as 3760 square feet.
| |||
| Mar 16, 2024 | Price Decreased |
$649,900
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Feb 26, 2024 | Listed by Keller Williams Realty Atlanta Partners | $659,900 | |
| Listed by Keller Williams Realty Atlanta Partners | |||
| | |||
|
Your dream home is here. We've got a?Riata equestrian subdivision home ready for a new family.?Welcome to this sprawling sanctuary featuring?4 bedrooms and 3.5 bathrooms?and a spacious living space, perfect for modern living. ?Step inside to find a meticulously and lovingly maintained space. The open-concept floor plan flows like a gentle breeze, adorned with vaulted ceilings, stylish wood flooring and gorgeous fixtures, and tons of upgrades. At the heart of the home, the chef's kitchen beckons with ample cabinetry and pantry space. And trust us, the dining room isn't just for dining--it's a hub that connects seamlessly with the kitchen, living room, and family room. The master bedroom is on the main floor in addition to another large secondary bedroom on the main floor. Upstairs are two large secondary bedrooms with an additional bonus room- perfect for a 5th bedroom, office, or gym. The covered patio is a slice of heaven for al fresco dining, entertaining, or simply lounging. As for the gated backyard, it's your own private resort for whatever your heart desires. Prime Location Alert! Forsyth GA is a growing community that holds the best highschool in Georgia-Mary Persons Highschool . A smorgasbord of dining, shopping, and golfing options nearby, so you have plenty to do. Riata is a close knit family community featuring a pool, playground, cabana area, and horse barn. The loving atmosphere in this neighborhood is truly like no other. There are several family oriented activities?that are held throughout the year including back to school events, Halloween trunk or treats, fall festivals, pictures with Santa and much more. This is the kind of neighborhood where if you forgot something at the store, a neighbor will bring it to you.?Additionally, Riata provides stables for your horse and discreet open gravel storage for trailer and camper parking. Small?town living at its best.?Don't miss out. The manager has listed the unit size as 3760 square feet.
| |||
| Feb 24, 2024 | No longer available | - | |
| No longer available | |||
| Jan 23, 2024 | Listed by SouthSide, REALTORS® | $659,900 | |
| Listed by SouthSide, REALTORS® | |||
| | |||
|
Your dream home is here. We've got a?Riata equestrian subdivision home ready for a new family.?Welcome to this sprawling sanctuary featuring?4 bedrooms and 3.5 bathrooms?and a spacious living space, perfect for modern living. ?Step inside to find a meticulously and lovingly maintained space. The open-concept floor plan flows like a gentle breeze, adorned with vaulted ceilings, stylish wood flooring and gorgeous fixtures, and tons of upgrades. At the heart of the home, the chef’s kitchen beckons with ample cabinetry and pantry space. And trust us, the dining room isn’t just for dining—it’s a hub that connects seamlessly with the kitchen, living room, and family room. The master bedroom is on the main floor in addition to another large secondary bedroom on the main floor. Upstairs are two large secondary bedrooms with an additional bonus room- perfect for a 5th bedroom, office, or gym. The covered patio is a slice of heaven for al fresco dining, entertaining, or simply lounging. As for the gated backyard, it's your own private resort for whatever your heart desires. Prime Location Alert! Forsyth GA is a growing community that holds the best highschool in Georgia-Mary Persons Highschool . A smorgasbord of dining, shopping, and golfing options nearby, so you have plenty to do. Riata is a close knit family community featuring a pool, playground, cabana area, and horse barn. The loving atmosphere in this neighborhood is truly like no other. There are several family oriented activities?that are held throughout the year including back to school events, Halloween trunk or treats, fall festivals, pictures with Santa and much more. This is the kind of neighborhood where if you forgot something at the store, a neighbor will bring it to you.?Additionally, Riata provides stables for your horse and discreet open gravel storage for trailer and camper parking. Small?town living at its best.?Don't miss out. The manager has listed the unit size as 3760 square feet.
| |||
| Jul 24, 2023 | No longer available | - | |
| No longer available | |||
| Jun 24, 2023 | Price Decreased |
$659,900
↓ $100
(0%) | |
| Price Decreased | |||
| Jun 2, 2023 | Price Decreased |
$660,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| May 21, 2023 | Price Decreased |
$665,000
↓ $4K
(0.6%) | |
| Price Decreased | |||
| May 3, 2023 | Listed by Compass | $669,000 | |
| Listed by Compass | |||
| | |||
|
Looking for a pristine newer craftsman home in a bucolic pastoral setting? Look no further than this spacious, extensively upgraded home in Riata, an equestrian and swim community. You won’t beat the quality, timing, and value when you compare this to homes now delivering in the same community for $825,000 and up!
Tucked away in the peaceful rear of the subdivision with white fences and rolling hills, here you can have the small-town feel with all the modern amenities you crave. Whether you’re looking for a true equestrian setting with boarding and riding facilities or just prefer a quiet, bucolic setting, this home in the Riata community offers a stunning nest with primary and guest suites on the main level. Located on a tree-lined 1-acre level lot, the grounds offer ample room for a pool and play, while requiring minimal maintenance. The vaulted front porch invites a rest for coffee or mimosas. The welcoming 10 ft. double oak doors open into the spacious vaulted foyer graced with hand-scraped hardwood floors that flow throughout the foyer, kitchen, and main living areas.
This fully equipped smart home has everything you’re looking for. The open-plan living area is large enough for comfortable seating, dining, cooking, and relaxed entertaining AND even features a mud room near the three-car garage. The living room boasts a cozy brick fireplace with custom cabinets, a vaulted ceiling with beams, and triple windows overlooking the screened porch.
This kitchen is the gathering space all will gravitate toward. Upgraded lighting and cool crisp custom cabinetry grace the chef’s kitchen accented by the oversized quartz island with integrated storage and sleek high-end stainless steel appliances and sink. Kitchen upgrades include a gorgeous brick backsplash, five burner gas cooktop, a custom range hood cover, and stunning quartz. Complemented by a sizable walk-in pantry. The upgraded paneled Dining Area has a Bulter’s Pantry perfect for storage and display, trey ceilings, exposed wood beams, and an upgraded candelabra-style chandelier. French Doors lead to the screened porch for relaxing by the outdoor fireplace.
The main level is just the start. In addition to the primary bedroom suite and a guest suite on the main, there’s more to come! The private, oversized primary bedroom suite boasts wood beams, vaulted ceilings, and a seating area. The luxurious, spa-like bathroom has an oversized shower, herringbone-style floor tile, a deep, soaking tub, and a walk-in closet. The second bedroom on the main level is perfect for a private guest suite, playroom, or home office and features a private ensuite bathroom.
Head upstairs for three additional bedrooms and a jack-and-jill bathroom, each with picture windows. The largest bedroom is a perfect flex space as a playroom, home gym, teen crash pad, or media room - the possibilities are endless!
Last but not least, enjoy your coffee, cocktails, and cuisine right outside on your screened porch complete with a corner fireplace built for dining, relaxing, and s’mores. The generous backyard currently has a large section fenced for pets and play, but the lot extends considerably past the fenced area. Add a pool, fire pit, putting green, etc– there’s the space for your imagination to run.
Don’t forget to check out what amenities Riata has to offer. You don’t have to be a horse owner to appreciate the scenery from the pastoral pastures, and white fences, to the horses grazing the 80 acres of common pasture. If you’re horse mad, the Pleasant Oaks Equestrian Center offers full lesson programs, sales, training, boarding, 4 miles of Horse riding trails, and an Indoor Arena. Riata also boasts a pool, cabana, and fishing at the 1-acre duck pond. Tales of bass, bluegill, and catfish catches abound. Located less than 3 miles from I-75, you’ll get the peace and quiet you crave with the convenience of Macon to the south and Atlanta to the north. The manager has listed the unit size as 3760 square feet.
| |||
| Mar 3, 2022 | Sold | ||
| Sold | |||
| Nov 30, 2021 | No longer available | - | |
| No longer available | |||
| Nov 11, 2021 | Listed by SouthSide, REALTORS | $650,000 | |
| Listed by SouthSide, REALTORS | |||
| Jul 17, 2020 | Sold | ||
| Sold | |||
| Apr 25, 2019 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Overview
- Year Built: 2020
- Effective Year Built: 2020
- Bedroom Count: 4
- Bathroom Count: 4
- Full Bathrooms: 3
- Partial Bathrooms: 4
- Bathroom Plumbing Fixtures: 8
- Building Condition: 1
- Building Quality: 0
- Construction Type: 0
- Building Style: 0
- Exterior Walls Type: 18
- Interior Walls Type: 3
- Roof Shape Type: 1
- Roof Cover Type: 6
- Floor Count: 150
- Floor Cover: 15
- Basement Type: 0
- Basement Area: 0
- Garage Type: 7
- Garage Square Area: 708
- Parking Space Count: 0
- Patio Type: 0
- Porch Type: 0
- Pool Type: 0
General
- Lot Size Square Feet: 43,560
- Total Building Area: 3,760
- Building Area: 3,760
- Building Area Measurement: E
Dimensions
- Fireplace Count: 1
- Air Conditioning: 1
- Heating: 19
- Heated Square Feet: 3,760
- Heating Fuel Type: 3
Heating and Cooling
- Sewer System: 4
- Water Service: 5
Utilities
Building
- Building Type: 0
- Property Class: R
- Subdivision: RIATA
- Land Acres: 0000001000
- Standard Land Use Code: 1001
- County Land Use Code: R3
- Legal Description 1: LL 30 LD 6 LOT 77 RIATA
Neighborhood
- School District Name: Monroe County School District
- School Tax School District: COUNTY
- Census Tract: 050200
Geography
- Assessors Map Reference: 27 264
- Account Number: 14820
- District: 6
- Parcel: 015A-077
- Lot: 30
- Municipality: UNINCORPORATED
- Latitude: 33.0996
- Longitude: -84.0279
- Full Address: 461 Preakness Way
- Address - House Number: 461
- Address - Street Name: Preakness
- Address - Suffix Type: Way
- State: GA
- City Name: Forsyth
- Carrier Code: R006
- 4-Digit Zip Code: 5371
- Zip Code: 31029
Address
Valuation
- Tax Year: 2023
- Tax Amount: $602,919
- Tax Rate Code Area: 01
Tax
- Standard Deviation: 0.1065
- Valuation Date: Feb 28, 2024
- Confidence Score: 89
- Final Value: 655,140
- High Value: 724,925
- Low Value: 585,356
Appraisal Valuation
- Market Total Value: $609,200
- Market Land Value: $30,000
- Market Improvement Value: $579,200
Market Valuation
- Assessed Year: 2023
- Assessed Total Value: $243,680
- Assessed Land Value: $12,000
- Assessed Improvements Value: $231,680
Assessments Valuation
- Homeowner Exemption: Yes
Exemptions
- Current Sale Contract Date: Mar 01, 2022
- Current Sale Recording Date: Mar 03, 2022
- Current Sale Price:
- Current Sale Document Type: 71
- Current Sale Input Document Number: 2022-000335
- Previous Sale Recording Date: Jul 17, 2020
- Previous Sale Contract Date: Jul 17, 2020
- Previous Sale Amount: $425,000
- Previous Sale Document Type: 71
Sales
- First Mortgage Lender:
- First Mortgage Transaction Date:
- First Mortgage Loan Amount:
- First Mortgage Terms:
- First Mortgage Loan Type:
- First Mortgage Loan Due Date:
Last Sale Mortgage
461 Preakness Way
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Comparables
Status
Price/ft²
Listed On
Sold On
About Monroe
Stats & Trends
Median Asking:
$399,900Sale Price/ft²
$174Below Asking
0.02%Average Days on Market
91Average Home Size
2747 ft²Average Home Age
24.3 yearsCurrently For Sale
129 ListingsSimilar Homes for Sale
Currently no similar homes aroundNearby Rentals
Last Updated: 10 months ago
Data Source: GAMLS, MLS# 10605672
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017