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$394,900
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Property Description
Prime Location with Commercial Potential in McDonough, GA! This 3-bedroom, 2-bath home sits on a generous 2.09 acre lot along a high-traffic road, offering exceptional visibility and future growth potential. Currently zoned residential, this property is ideal for an investor, small business owner, or developer looking to transform a modern-style fixer-upper into a thriving commercial space. Located just steps from a newly developed gas station with retail space and surrounded by rapid area growth, the possibilities are endless. An additional 1.12 acre lot is available next to this lot for $239,000. Don't miss this unique opportunity to secure a property with outstanding location, exposure, and upside potential in one of McDonough's most desirable corridors. Directly across the street from a new townhome development and close to several new single family home subdivision. This property has amazing potential for a savvy investor!
Full Property Details
Full Property Details for 5030 E Lake Pkwy
General
- Price: $394,900
- Taxes: $3,127 (25)
- Status: Active
- Type: Single Family
- Source: GAMLS_Atlanta
- MLS ID: 10636187
- Updated: 12/27/2025
- Added to Site: 79 day(s) ago
Interior
- Rooms/Areas: Family Room
- Interior Features: Beamed Ceilings, Separate Shower, Soaking Tub
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Living Room
- Appliances: Dishwasher, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Upper Floor Baths: 2
- Upper - Full Baths: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Upper: 3
- Bedrooms-Up1: 3
Other Rooms
- Laundry: Laundry Closet
Parking
- Parking Features: Basement, Garage, Parking Pad
Location
- County: Henry
- Driving Directions: From Atlanta take I-75 south to exit 224 and turn left on to Eagles Landing Pkwy and travel 4.3 acres. The property will be on your right.
School Information
- Elementary School: Hickory Flat
- Middle School: Union Grove
- High School: Union Grove
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Water/Sewer: Septic Tank
Structural Information
- Architectural Style: Other
- Construction Status: Fixer
- Basement: Yes
- Basement Desc.: Daylight, Full, Interior Entry, Unfinished
- Roof: Composition
- Stories/Levels: Multi/Split
- Living Area: 1,672 Sq. Ft.
- Finished Total: 1,672 Sq. Ft.
- Finished Above Grnd: 1,672 Sq. Ft.
- Unfin. Below Grnd: 1,672 Sq. Ft.
- Year Built: 1992
Lot Features
- Lot Size (Acres): 2.09
- Lot Size Range: 2.09
- Lot Size Source: Public Records
- Lot Description: None
Financial Considerations
- Tax Amount: $3,127.63
- Tax Year: 25
Disclosures and Reports
- Special Conditions: As Is
Listing Courtesy of: Crye-Leike, Realtors
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Schools
Schools serving 5030 E Lake Pkwy
School District:Henry County School District
| Name | Grades | Distance |
|---|---|---|
Hickory Flat Elementary School, McDonough, GA 841 Brannan Road, McDonough, GA 30253 | K-5 | 0.9 mi |
Union Grove Middle School 210 East Lake Road, McDonough, GA 30252 | 6-8 | 2.2 mi |
Union Grove High School 120 East Lake Road, McDonough, GA 30252 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5030 E Lake Pkwy
Date
Details
Price
Change
Source
12/24/2025
Price Reduced
$394,900
-12.22%
MLS
10/29/2025
Listed
$449,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5030 E Lake Pkwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,713
7%
$135,240
9%
2024
$3,482
15%
$123,520
1%
2023
$3,022
2%
$122,480
24%
2022
$2,974
16%
$99,080
22%
2021
$2,555
11%
$81,320
15%
2020
$2,307
21%
$70,840
28%
2018
$1,900
13%
$55,560
12%
2017
$1,678
2%
$49,760
2%
2016
$1,642
2%
$48,840
4%
2015
$1,617
5%
$47,160
5%
2014
$1,541
19%
$44,880
17%
2013
$1,292
—
$38,480
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5030 E Lake Pkwy
5030 E Lake Parkway, McDonough, GA 30253 (MLS# 10636187) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5030 E Lake Parkway is currently listed for $394,900 and was received on October 29, 2025. Want to learn more about 5030 E Lake Parkway? Do you have questions about finding other Single Family real estate for sale in McDonough? You can browse all McDonough real estate or contact a Coldwell Banker agent to request more information.

