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$699,500 Just Listed

  • For Sale
  • Active
  • Single Family
  • 7 Beds
  • 5 Full Baths
  • 1 Partial Bath
  • 6,136 Sq. Ft.
  • 2 Car Garage
  • Updated 1 day ago
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Welcome to 424 Water Fall Lane, an exceptional fully renovated lakefront home in Stone Mountain's desirable Water's Edge community, offering 6,136 total square feet, 7 bedrooms, and 5.5 bathrooms across three beautifully finished levels. Set against a peaceful private lake, this remarkable residence offers breathtaking views of the water and Stone Mountain. Step inside to a bright, expansive main level featuring all-new hardwood flooring, fresh interior paint, updated fixtures, and generous living and entertaining spaces. The impressive primary suite is conveniently located on the main level and serves as a true private retreat, complete with its own fireplace, an oversized walk-in closet, a spacious bathroom, and serene views of the backyard, lake, and Stone Mountain. The upper level provides additional spacious bedrooms finished with high-end luxury vinyl flooring, while the fully finished basement offers exceptional flexibility for multigenerational living, extended guests, or entertaining. The basement includes two large bedrooms, two full bathrooms, a complete second kitchen with new stainless-steel appliances, a full laundry area, and multiple living and recreation spaces. The home features three new HVAC systems, a new water heater, updated plumbing and electrical systems, new fixtures, new flooring throughout, new stainless-steel appliances on both the main and basement levels, and fresh interior and exterior paint. Two exterior decks provide excellent outdoor living space, including an oversized deck accessible from the family room and master bedroom with a beautiful view of the lake. The large backyard has also been refreshed with new sod, creating plenty of room for recreation, entertaining, and relaxation. Water's Edge is centered around a picturesque private community lake and offers spectacular neighborhood amenities, including tennis courts, pickleball courts, a basketball court, and a swimming pool. The community is also located just minutes from Stone Mountain Park. Convenient access to Rockbridge Road, Annistown Road, Highway 78, and I-285 makes commuting throughout Stone Mountain, Tucker, Decatur, and the greater Atlanta area easy. Nearby parks, shopping, dining, schools, and recreational attractions add even more convenience. This is a rare opportunity to own a spacious, fully renovated lakefront home with commanding views, multiple living areas, two kitchens, two laundry areas, and room for nearly every lifestyle. 424 Water Fall Lane offers the space, flexibility, scenery, and upgrades buyers have been searching for.

Full Property Details for 424 Water Fall Ln

General

  • Price: $699,500
  • HOA FEE: $95/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $5,543 (2025)
  • Status: Active
  • Type: Single Family
  • Source: FMLS_Atlanta
  • MLS ID: 7803403
  • Updated: 7/12/2026
  • Added to Site: 3 day(s) ago

Interior

  • Interior Features: Double Vanity, Entrance Foyer 2 Story, His and Hers Closets, Recessed Lighting, Walk-In Closet(s)
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Family Room, Master Bedroom
  • Appliances: Dishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Electric Range, Microwave
  • Flooring: Hardwood, Luxury Vinyl, Other

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Floor Baths: 1
  • Primary Bathroom: Double Vanity, Separate His/Hers, Soaking Tub, Whirlpool Tub

Bedrooms

  • Total Bedrooms: 7
  • Bedrooms Main: 1
  • Bedroom Features: Double Master Bedroom, Master on Main, Oversized Master Bedroom

Other Rooms

  • Kitchen: Breakfast Room, Kitchen Island, Pantry Walk-In, Second Kitchen, Stone Counters, View to Family Room, Solid Surface Counters
  • Dining Room: Separate Dining Room
  • Laundry: In Basement, Laundry Room, Main Level, Other

Additional Information

  • Amenities: Clubhouse, Lake, Park, Pool, Tennis Court(s), Boating, Near Schools, Near Shopping, Pickleball, Playground
  • Shared Pool: Yes
  • Security/Safety: None
  • Equipment: None

Exterior

  • Exterior Features: None
  • Porch/Patio/Deck: Patio, Deck

Parking

  • Garage Spaces: 2
  • Total Spaces: 8
  • Parking Features: Garage, Driveway, Level Driveway

Location

  • County: Dekalb
  • Subdivision: Waters Edge
  • Driving Directions: 424 Water Fall Ln, Stone Mountain, GA 30087-6317, Dekalb County

School Information

  • Elementary School: Princeton
  • Middle School: Stephenson
  • High School: Stephenson

Community

  • Association: Yes
  • Assoc. Fees Include: Swim, Tennis

Heating & Cooling

  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Available, Electricity Available, Natural Gas Available, Water Available

Structural Information

  • Architectural Style: Traditional
  • Detached/Attached: Detached
  • Exterior Const.: Stucco
  • Basement: Yes
  • Basement Desc.: Daylight, Exterior Entry, Finished, Finished Bath, Full, Interior Entry
  • Roof: Shingle, Composition
  • Common Walls: No Common Walls
  • Windows: Double Pane Windows, Bay Window(s)
  • Stories/Levels: Three Or More
  • Square Feet: 6,136
  • Sq. Ft. Source: Agent Measured
  • Year Built: 1998
  • Property Condition: Updated/Remodeled

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: Lake
  • Lot Size (Acres): 0.42
  • Lot Size Source: Public Records
  • Lot Dimensions: 251 x 113 x 174 x 79
  • Frontage: Other
  • Street/Road Desc.: Asphalt
  • Lot Features: Back Yard, Cleared, Front Yard, Lake On Lot, Landscaped, Level
  • Fencing (Description): None

Water Features

  • Docks: None

Financial Considerations

  • Association Fee: $284
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $5,543
  • Tax Year: 2025

Disclosures and Reports

  • Property ID: 18 029 01 165

Listed by Virtual Properties Realty.com

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— 424 Water Fall Ln —

  • Virtual Properties Realty.com

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 424 Water Fall Ln

School District:Dekalb County School District
NameGradesDistance
Princeton Elementary School
1301 South Deshon Road, Lithonia, GA 30058
PK-52.2 mi
Stephenson Middle School
922 Stephenson Road, Stone Mountain, GA 30087
6-81.6 mi
Stephenson High School
701 Stephenson Road, Stone Mountain, GA 30087
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 424 Water Fall Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/10/2026
Listed
$699,500
108.81%
MLS
10/20/2025
Sold
$335,000
—
Public Record
Get Price Alerts and Save Property
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 for 424 Water Fall Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,543
-4%
$177,600
—
2024
$5,780
54%
$177,600
—
2023
$3,743
-14%
$177,600
40%
2022
$4,328
14%
$126,560
-3%
2021
$3,791
—
$130,560
1%
2021
$3,791
1%
$128,760
17%
2019
$3,738
28%
$110,520
20%
2017
$2,919
—
$91,920
10%
2017
$2,919
13%
$83,400
10%
2016
$2,594
7%
$76,080
6%
2014
$2,429
4%
$71,840
—
2013
$2,345
—
$71,840
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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FMLS - Atlanta logo

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Jul 12 2026 10:9PM

424 Water Fall Lane, Stone Mountain, GA 30087 (MLS# 7803403) is a Single Family property with 7 bedrooms, 5 full bathrooms and 1 partial bathroom. 424 Water Fall Lane is currently listed for $699,500 and was received on July 10, 2026. Want to learn more about 424 Water Fall Lane? Do you have questions about finding other Single Family real estate for sale in Stone Mountain? You can browse all Stone Mountain real estate or contact a Coldwell Banker agent to request more information.

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