See Home Value
Sandy Springs 30327
5060 Lake Forrest
$3,599,000 - $4,397,000
House - Off Market

5060 Lake Forrest

Atlanta, GA 30342
bedrooms
7 Beds
bathrooms
7.5 Baths, 1 Half Bath
square feet
7994 Sqft
Sold Sep 23, 2021
$900,000
$1,436,400 by Lima One Capital
Mortgage Due Nov 01, 2025
Sold Apr 28, 2014
$625,000
$406,250 by Suntrust Bank
Mortgage

About This Property

This stunning gated new build is nestled on one of the most serene and tranquil lots in the sought-after Chastain Park area. Situated far back from the road, this exquisite home offers the ultimate privacy buffer, complete with a long driveway and two extra double parking pads to graciously accommodate your guests. This walk-out main-level masterpiece is sure to exceed all expectations. The grandeur begins with steel front entry doors that open to a breathtaking 2-story foyer, flanked by an elegant formal dining room and a luxurious butler's pantry. The custom-lighted cabinets soar to the ceilings, providing a striking visual appeal, while features such as a sink, sub-zero beverage cooler, and ice maker ensure that every detail has been carefully considered. Indulge in the spaciousness of the vaulted family room and the seamless flow of the open-concept kitchen, which boasts a remarkable 10-foot high wall-to-wall slider. As this impressive slider opens, it reveals the covered fireside lanai, complete with an automatic screen that overlooks the mesmerizing pebble-tec saltwater pool and spa with a picturesque view of the tranquil lake, elevating this space into a true zen oasis. For the culinary enthusiast, the dream kitchen is a haven of sophistication and functionality, equipped with a 48" dual fuel Wolf Range, separate Sub-zero paneled fridge and freezer appliances and beaded inset custom cabinetry. The waterfall quartz counters, designer metal vent hood, dual dishwashers and microwave drawer elevate the culinary experience to new heights. Retreat to the owner's suite on the main level, where a vaulted ceiling and a cozy fireplace with a limestone surround create an ambiance of pure relaxation. The marble bath features heated floors and custom mono Rubio furniture cabinetry, showcasing an unwavering commitment to luxury. Throughout the home, all plumbing fixtures are meticulously crafted by Kohler. A fully appointed office with floor-to-ceiling windows offers a serene workspace overlooking the captivating backyard oasis, which could be used as a guest bedroom. Completing the main level is a convenient full pool bath with lockers, as well as an expansive mudroom featuring dual planning desks, a built-in bench, and drawers for optimal organization. The upper level accommodates four en-suite bedrooms and a gym. The entertainers' paradise continues in the fully finished terrace level, which includes an additional en-suite bedroom, a full wet bar, a theater and a flexible space that can easily be transformed into a generous gym or an expansive wine cellar. This exceptional home is completed and ready for immediate move-in, inviting you to indulge in the epitome of luxury living in a truly idyllic setting. Don't miss the opportunity to make this masterpiece your own and enjoy the lifestyle you've always dreamed of.

The manager has listed the unit size as 7994 square feet.
Unit Size
7,994Ft²
Days on Market
-
Land Size
0.89 acres
Price per sqft
$500
Property Type
House
Property Taxes
$822
HOA Dues
-
Year Built
1956

Price History

Date / Event Date Event Price
Mar 1, 2024 No longer available -
No longer available
Feb 12, 2024 No longer available -
No longer available
Feb 10, 2024 Listed $3,998,899
Listed
Dec 1, 2023 Price Decreased $3,998,899
↓ $1 (0%)
Price Decreased
Nov 4, 2023 Price Decreased $3,998,900
↓ $1K (0%)
Price Decreased
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 2001
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Good
  • Building Quality: C+
  • Construction Type: Brick
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Rock and stone
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 38,594
  • Total Building Area: 2,250
  • Building Area: 2,250
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,250
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: DWELLING
  • Land Acres: 0.886
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OLD DWELLING DEMOED AS OF 21122 CB2024 TO PICK UP NEW CONSTRUCTIONPOOL

Ownership

  • Current Owner : ETB HOMES LLC
  • Previous Owner : PIKE RICHARD HOWARD
  • Owner Before Previous Owner: PIKE RICHARD H
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Fulton County School District
  • Census Tract: 010212

Zoning

  • Zoning: RE1

Geography

  • District: 59
  • Parcel: 17 012000010396
  • Municipality: CITY OF SANDY SPRINGS
  • Latitude: 33.8931
  • Longitude: -84.3878

    Address

  • Full Address: 5060 Lake Forrest Dr
  • Address - House Number: 5060
  • Address - Street Name: Lake Forrest
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C026
  • 4-Digit Zip Code: 2217
  • Zip Code: 30342

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,003
  • Tax Rate Code Area: 59

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 71
  • Final Value: 1,108,610
  • High Value: 1,341,254
  • Low Value: 875,965

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,436,400
  • First Open Lien Mortgage Lender: LIMA ONE CAPITAL
  • First Open Lien Mortgage Recording Date: Nov 06, 2023
  • First Open Lien Mortgage Loan Amount: $1,436,400
  • First Open Lien Mortgage Term: 24
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2025

    Market Valuation

  • Market Total Value: $797,400
  • Market Land Value: $583,300
  • Market Improvement Value: $214,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $318,960
  • Assessed Land Value: $233,320
  • Assessed Improvements Value: $85,640

    Sales

  • Current Sale Contract Date: Sep 23, 2021
  • Current Sale Recording Date: Sep 23, 2021
  • Current Sale Transaction ID: 11857793422
  • Current Sale Price: $900,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-045025
  • Previous Sale Recording Date: Apr 28, 2014
  • Previous Sale Contract Date: Apr 28, 2014
  • Previous Sale Amount: $625,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST BANK
  • Previous Mortgage Transaction Date: Apr 28, 2014
  • Previous Mortgage Loan Amount: $406,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
7 Beds
7.5 Baths
7,994 ft²
$500/ft²
$3,998,899 Aug 10, 2023
-
$931/mo
House
6 Beds
8 Baths
7,929 ft²
$504/ft²
$3,995,000 Jan 28, 2024
-
$654/mo

About Sandy Springs


Similar Homes for Sale

Unit for sale at 5070 Lake Forrest Drive, Sandy Springs, GA 30342

$3,995,000

  • 6 Beds
  • 8 Baths
  • 7,929 ft²
5070 Lake Forrest Drive, Sandy Springs, GA 30342 Listing by Bonnie Majher
Unit for sale at 5060 Lake Forrest Drive, Atlanta, GA 30342

$3,998,899

  • 7 Beds
  • 7.5 Baths
  • 7,994 ft²
5060 Lake Forrest Drive, Atlanta, GA 30342 Listing by Bonnie Majher

Nearby Rentals

Unit for rent at 75 Pine Lake, Atlanta, GA, 30327

$4,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,325 ft²
75 Pine Lake, Atlanta, GA, 30327 Listing by Nicholas Brown
Unit for rent at 408 Tall Oaks Drive, Sandy Springs, GA, 30342

$4,750 /mo

  • 5 Beds
  • 3 Baths
  • 3,200 ft²
408 Tall Oaks Drive, Sandy Springs, GA, 30342 Listing by Omid Derakhshan
Unit for rent at 4186 Beverly Lane Ne, Atlanta, GA, 30342

$4,800 /mo

  • 4 Beds
  • 3 Baths
  • 2,330 ft²
4186 Beverly Lane Ne, Atlanta, GA, 30342 Listing by Marisa Lee


Frequently Asked Questions

When was property at 5060 Lake Forrest Drive built and last sold?
The property at 5060 Lake Forrest Drive was built in 1956 and last sold on Sep 23, 2021 for $900,000.
How much is this home worth?
The estimated value of the home located at 5060 Lake Forrest Drive is $4,038,888.
What are some comparable homes to 5060 Lake Forrest Drive?
Homes that are comparable to 5060 Lake Forrest Drive include a house property at 5060 Lake Forrest Drive, 5070 Lake Forrest Drive, which are both great to check out.

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