507 Lake Drive
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A 3-bedroom, 1-bath single family residence in Decatur.
Rare opportunity to build your dream home or start your next luxury project on a wide, level corner lot in the middle of it all! Walk out your front door to the wide, welcoming sidewalks and wonderful, pedestrian friendly neighborhood of Oakhurst. Located across from the Oakhurst Park & Dog Park, walkable to the amazing restaurants and entertainment of downtown Oakhurst, the East Lake MARTA station and minutes from downtown Decatur, Kirkwood and more! Highly coveted City of Decatur schools and neighborhood magic including the annual Porchfest music festival! Being sold “as-is” ideally to be torn down and rebuilt but the property is currently occupied. Terrific opportunity for top notch Builders or Buyers looking for the perfect place to create a masterpiece!
Property details
Property
Interior
Schools
Contact
Where it sits
Mortgage estimate
An estimate of your monthly payment, including principal, interest, taxes, and insurance. Property taxes for this listing are $7,245 annually.
Frequently asked questions
How much does 507 Lake Drive cost?
507 Lake Drive is listed at $700,000 ($742/sqft).
How many bedrooms and bathrooms does this property have?
This property has 3 bedrooms and 1 bathrooms with 943 square feet of living space.
When was it built?
This property was built in 1938.
What schools serve this address?
Elementary: Oakhurst/Fifth Avenue. Middle: Beacon Hill. High: Decatur.
What is the lot size?
This property sits on 0.27 acres.
What are the property taxes?
Annual property taxes are approximately $7,245.
How can I schedule a tour?
Use the form on this page, or contact Vesta Consulting Group at (678) 249-0839 or vesta@vcgrealty.com.
Other Decatur listings worth considering.
Want to walk this property?
If 507 Lake Drive feels like the one — or you want to compare it against two or three other Decatur options — the next step is a private tour with Valerie. We'll meet you there.
Valerie Gonzalez · Buyer Specialist · Vesta Consulting Group

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MLS# 7830846 · Last updated 2026-09-01 23:07:17
IDX provided by Vesta Consulting Group • (678) 249-0839 • vesta@vcgrealty.com
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Vesta Consulting Group
Keller Williams Realty Intown Atlanta
Call(678) 249-0839 Text(678) 249-0839 Emailvesta@vcgrealty.com