Welcome to an unparalleled real estate opportunity in Dekalb. This expansive parcel of land presents a rare chance to craft your vision! Property Highlights include 18.3 acres of pristine, undeveloped land featuring a stunning 3.5-acre pond, adding natural allure and recreational potential. Zoned RA 5 Residential, offering versatility for various development projects. Potential for two entry points, enhancing accessibility and convenience. Suitable for a range of possibilities, including the development of 30+ single-family homes or the creation of a magnificent private estate. This property presents an exceptional canvas for developers seeking to create a thriving residential community. With ample space and zoning conducive to single-family housing, envision crafting a neighborhood that harmonizes with the surrounding environment while meeting the needs of modern homeowners. Alternatively, for those desiring a secluded retreat, this expansive parcel offers the ideal setting for a private estate. Imagine building your dream home amidst lush greenery, with the tranquil pond serving as a picturesque backdrop for everyday living. One of the standout features of this property is its accessibility to essential utilities. Public water and sewer connections are available, along with natural gas and electric power infrastructure, streamlining the development process and ensuring convenience for future residents. Conveniently situated, this property enjoys proximity to key amenities, schools, shopping centers, and major transportation routes . Don't Miss Out! Seize the opportunity to make your mark in the real estate landscape with this exceptional property.
Clarkston High School, Public District Grades 9-12
Freedom Middle School, Public District Grades 6-8
Allgood Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: From Dunwoody, I-285 East then follow signs for I-285 East Augusta/Macon. Take exit 41 for GA-10 Memorial Dr. Make left onto Memorial Dr. Right onto Rockbridge Rd. Right onto S.Rays Rd. 550 is on the left 2/3rds down. Gravel driveway leads to property.
Price Information
Listing Price Info
Price Summary:
List Price: $975,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Stone Mountain, GA.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,934
Per Month
Principal & Interest
$4,867
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,990
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Allgood Elementary School
659 Allgood Rd
Distance between this listing and this school0.28 miles
Public District Grades PK-5
Middle School
5
/10
Freedom Middle School
505 S Hairston Rd
Distance between this listing and this school1.06 miles
Public District Grades 6-8
High School
4
/10
Clarkston High School
618 N Indian Creek Dr
Distance between this listing and this school1.62 miles
Public District Grades 9-12
Assigned Schools
5
/10
Allgood Elementary School
659 Allgood Rd
Distance between this listing and this school0.28 miles
Public District Grades PK-5
Nearby Schools
4
/10
Dunaire Elementary School
651 S Indian Creek Dr
Distance between this listing and this school0.80 miles
Public District Grades PK-5
5
/10
Rockbridge Elementary School
445 Halwick Way
Distance between this listing and this school1.11 miles
Public District Grades PK-5
Assigned Schools
5
/10
Freedom Middle School
505 S Hairston Rd
Distance between this listing and this school1.06 miles
Public District Grades 6-8
Nearby Schools
7
/10
The Champion Middle Theme School
5265 Mimosa Dr
Distance between this listing and this school2.86 miles
Public District Grades 6-8
7
/10
Dekalb Academy of Technology and The Environment Charter School
1492 Kelton Dr
Distance between this listing and this school3.05 miles
Public Charter Grades KG-8
Assigned Schools
4
/10
Clarkston High School
618 N Indian Creek Dr
Distance between this listing and this school1.62 miles
Public District Grades 9-12
Nearby Schools
1
/10
Dekalb Alternative School
5855 Memorial Dr
Distance between this listing and this school1.55 miles
Public District Grades 6-12
3
/10
Stone Mountain High School
4555 Central Dr
Distance between this listing and this school2.09 miles
The neighbors living near this home have an average income of $65,083. Residents of Stone Mountain, GA typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 550 S Rays Rd
What is the listing price of this property?
The listing price of 550 S Rays Rd property is $975,000.
What type of property is this?
The property 550 S Rays Rd is land located in Stone Mountain, Georgia, 30083.
Is this property for sale now?
Active Listing: 550 S Rays Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 550 S Rays Rd are: Allgood Elementary School: GreatSchools Rating 5/10Freedom Middle School: GreatSchools Rating 5/10Clarkston High School: GreatSchools Rating 4/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 550 S Rays Rd in Stone Mountain, GA and zip code 30083. This home, which was built in 1965, sits on a 18.52 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 16, 2024 and is currently priced at $975,000.
In March 2024, from all listings sold in Stone Mountain, GA there were more than 34 sold above asking price, over 43 sold below and more than 32 were sold right at the asked price. Between February 2024 and March 2024, Stone Mountain, GA real estate market has seen increase in the number of listings by 8%. While the average time on the market in March 2024 was 36 days, the median list price was $285,069.
From Rocket Homes Real Estate and based on county public records data.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
Horse Races
Horse Races
College Basketball
Basketball
Stein Mart
Dillards
Ross Dress For Less
LongHorn Steakhouse
Logan's Roadhouse
Jasons Deli
Buick
Hyundai
Acura
Contemporary Inspirational
Rock
Rhythmic Contemporary Hits