1055 Lancashire Circle, Stone Mountain, GA 30083

Stone Mountain
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
1055 Lancashire Circle,Stone Mountain, GA 30083
$900,000
  • 3.13 Acres
  • Lots / Land
  • Active
Listed by: shea baker
Office: t. dallas smith & company, llc.
MLS#:7799189
Source:FIRSTMLS

Price summary

  • Price:$900,000

About this home

The site is approved for 48 grandfathered multifamily units, exceeding current density codes, and is positioned for ground-up development targeting LIHTC programs. By-right entitlement provides immediate development capability while avoiding lengthy rezonings and significant associated costs. Situated within a Qualified Opportunity Zone (QOZ), the property provides potential for substantial tax advantages, including capital gains deferral and a 10-year step-up to fair market value, with the OZ window open through December 31, 2028. At a competitive basis of $18,646 per door, the site pricing remains well below replacement costs and recent land transactions in the area. The property benefits from strong demand drivers: proximity to I-285 and downtown Decatur employment hubs, integration into DeKalb’s affordable housing corridor, and complementarity to recent large-scale LIHTC developments delivering within five miles. As institutional absorption continues in the submarket, this...

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Home facts

  • Year built:1981
  • Subdivision & Development:Lancashire Court LTD (Phase II)
  • Listing ID #:7799189
  • Updated:October 05, 2026 at 01:33 PM

Structure and exterior

  • Year built:1981
  • Lot area:3.13 Acres
  • Lot Features:Level

Schools

  • High school:Stone Mountain
  • Middle school:Stone Mountain
  • Elementary school:Stone Mill

Utilities

  • Sewer:Sewer Available

Finances and disclosures

  • Price:$900,000
  • Tax amount:$1,383 (2025)
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