5265 Madge Lane
Gainesville, GA 30506
- 3 beds
- 4 baths
- 3,952 sqft
- ~8 acre lot
- $272 per sqft
- 2017 build
- – on site
Exceptional 3-bedroom, 3.5-bath home on 8.078 acres, zoned Vacation Cottage (V-C), offering approximately 4,500 sq ft of heated living space plus a full unfinished basement stubbed for additional baths, kitchen, and wood-burning stove. Built in 2019 with ICF concrete construction to the roofline, this property boasts stunning Lake Lanier views, 775' of Wahoo Creek frontage with waterfalls, and 437' bordering US Corps of Engineers property. Features include a 3-floor elevator, in-ground saltwater pool, open-concept layout with master on the main, gourmet kitchen with island, double oven, surface cooktop, and smart home systems. Additional highlights include a 2,400 sq ft workshop with finished office, full bath, and two 12'x12' roll-up garage doors, as well as a 3-car garage and unfinished bonus space ready to customize. A rare find blending luxury, privacy, and endless potential!
Last checked:
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Last updated Mar 24, 2025
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MLS# 10419835 —
This home is listed in more than one place. See it here.
The Building
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Year Built:2017
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Construction Materials:Concrete, Vinyl Siding
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Architectural Style:Traditional
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Structure Type:House
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Roof:Metal
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Levels:Three Or More
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Basement:Bath/Stubbed, Daylight, Exterior Entry, Full, Interior Entry, Unfinished
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Total Finished Area:3952
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Above Grade Finished:3952
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Living Area Source:Public Records
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Common Walls:No Common Walls
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Window Features:Double Pane Windows
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Patio And Porch Features:Deck
Interior
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Interior Features:Double Vanity, Master On Main Level, Walk-In Closet(s)
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Kitchen Features:Breakfast Bar, Kitchen Island, Pantry, Solid Surface Counters
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Dining room Features:Dining Rm/Living Rm Combo
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Security Features:Smoke Detector(s)
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Flooring:Carpet, Hardwood
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Fireplace Features:Factory Built, Family Room
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Total Fireplaces:1
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Green Energy Efficient:Insulation
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Rooms:Bonus Room, Family Room, Foyer, Laundry, Office
Financial & Terms
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Home Warranty:No
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Possession:Negotiable
Location
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Latitude:34.417742
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Longitude:-83.878282
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Condition:Resale
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Exterior Features:Garden
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Lot Features:Private, Sloped, Waterfall
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Lot Size Acres:8.07
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Lot Size Source:Public Records
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Parcel Number:11058 000033
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Leased Land:No
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Land Lot:58
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Vegetation:Wooded
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Frontage Type:Lakefront, River, Stream
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View:Lake, River
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Fencing:Back Yard
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Pool Features:In Ground, Salt Water
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Waterfront Footage:1200
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Waterfront Features:Creek, Lake, Lake Access, No Dock Or Boathouse, No Dock Rights, Private
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Accessibility Features:Accessible Doors, Accessible Elevator Installed, Accessible Entrance, Accessible Full Bath, Accessible Kitchen
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Below Grade Unfinished:2688
Listing Agent
- Contact info:
- Agent phone:
- (770) 297-6800
- Office phone:
- (770) 297-6800
Taxes
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Tax Year:2023
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Tax Annual Amount:$7,821
Beds
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Bedrooms:3
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Bed Main:1
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Bed Upper Level:2
Baths
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Full Baths:3
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Main Level Full Baths:1
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Upper Level Full Baths:2
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Half Baths:2
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Main Half Baths:1
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Lower Level Half Baths:1
Heating & Cooling
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Heating:Central, Heat Pump
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Cooling:Ceiling Fan(s), Central Air, Electric, Heat Pump
Utilities
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Utilities:Electricity Available, High Speed Internet, Phone Available
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Electric:220 Volts
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Sewer:Septic Tank
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Water Source:Well
Appliances
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Appliances:Dishwasher, Double Oven, Electric Water Heater, Microwave
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Laundry Features:In Kitchen
Schools
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District:11
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Elementary School:Mount Vernon
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Elementary Bus:Yes
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Middle School:North Hall
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Middle School Bus:Yes
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High School:North Hall
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High School Bus:Yes
The Community
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Subdivision:None
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Community Features:None
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Attached, Garage, Garage Door Opener, Kitchen Level
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Parking Total:3
Extra Units
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Other Structures:Garage(s), Workshop
Monthly cost estimate

Asking price
$1,075,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$5,756
|
Taxes | $651 |
Insurance | $295 |
Utilities | $163 See report |
Total | $6,865/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/21/25
Mar 21, 2025
|
Price Changed | GAMLS | $1,075,000 | -5.3% |
3/6/25
Mar 6, 2025
|
Price Changed | GAMLS | $1,135,000 | -3.4% |
2/18/25
Feb 18, 2025
|
Price Changed | GAMLS | $1,175,000 | -1.7% |