550 E Lake Dr, Gainesville, GA 30506
OFF MARKET

$1,177,600

Trulia Estimate
  • 7 Beds
  • 7.5 Baths
  • 7,895 sqft (on 1 acre)

550 E Lake Dr, Gainesville, GA 30506

Lake District
Est. Refi. Payment $6,974/mo*
Refinance Your Home
Currently Off Market - Sold Nov 13, 2006 for $34,000

Home Value

Trulia Estimate
$1.18M
Since last month
Increased$26K (+2.2%)
Since last year
Decreased$107K (-8.3%)
Since last sale
Increased$1M (+3,363.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +83% in the last 10 years
MonthEstimated value
2026
August 2026$1.18M
August 2026$1.18M
July 2026$1.15M
June 2026$1.22M
May 2026$1.36M
April 2026$1.27M
March 2026$1.28M
February 2026$1.25M
January 2026$1.22M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
596 E Lake Dr, Gainesville, GA
0.08
Single-Family Home
$1,100,000
10/24/25
3
4
4,148
235 Normandy Cir, Gainesville, GA
0.37
Single-Family Home
$4,100,000
03/19/26
4
6
6,102
790 E Lake Dr, Gainesville, GA
0.44
Single-Family Home
$1,100,000
11/10/25
5
5.5
4,845
1038 Farmhouse Rd, Gainesville, GA
0.43
Single-Family Home
$679,000
05/07/26
5
3.5
4,000
2917 Pointe Dr, Gainesville, GA
0.77
Single-Family Home
$2,435,000
06/30/26
6
5.5
6,265
3161 Overlook Dr, Gainesville, GA
0.56
Single-Family Home
$835,000
09/19/25
4
3.5
5,166
8310 Creekside Overlook Dr, Gainesville, GA
0.46
Single-Family Home
$784,900
02/06/26
4
3.5
3,043
1167 E Lake Dr, Gainesville, GA
0.67
Single-Family Home
$679,900
01/21/26
5
4
4,795
2626 Club Dr, Gainesville, GA
0.43
Single-Family Home
$750,000
06/23/26
3
2.5
3,659
2799 Club Dr, Gainesville, GA
0.27
Single-Family Home
$1,750,000
08/31/26
4
5
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
530 E Lake Drive NW, Gainesville, GA 30506
0.01
$743,200
4
3
-
Off Market
530 E Lake Dr, Gainesville, GA 30506
0.03
$670,000
4
3
3,336
For Sale
596 E Lake Dr, Gainesville, GA 30506
0.08
$1,101,400
3
4
4,148
Off Market
607 E Lake Dr, Gainesville, GA 30506
0.09
$746,800
4
3.5
3,574
Off Market
608 E Lake Dr, Gainesville, GA 30506
0.11
$1,500,000
4
4.5
3,962
For Sale
614 E Lake Dr #2, Gainesville, GA 30506
0.13
$225,000
-
-
-
For Sale
614 E Lake Dr, Gainesville, GA 30506
0.13
$225,000
-
-
-
For Sale
614A E Lake Dr, Gainesville, GA 30506
0.13
$1,085,000
3
2.5
2,256
For Sale
626 E Lake Dr, Gainesville, GA 30506
0.17
$1,836,467
4
4
4,007
For Sale
644 E Lake Dr, Gainesville, GA 30506
0.22
$2,388,500
5
5
4,422
For Sale
2799 Club Dr, Gainesville, GA 30506
0.27
$1,750,000
4
5
-
Recently Sold
492 Peninsula Rd, Gainesville, GA 30506
0.29
$2,342,600
4
4.5
4,853
Off Market

Local Information

  • Map ViewExplore the area around 550 E Lake Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1980
1 acre lot
7,895 sqft
$149/sqft
Garage

About this House

This single-family home is located at 550 E Lake Dr, Gainesville, GA. 550 E Lake Dr is in the Lake District neighborhood in Gainesville, GA and in ZIP code 30506. This property has 7 bedrooms, 8 bathrooms and approximately 7,895 sqft of floor space. This property has a lot size of 1 acre and was built in 1980.
550 E Lake Dr, Gainesville, GA 30506 is a 7 bedroom, 8 bathroom, 7,895 sqft single-family home in Lake District, built in 1980. It last sold for $34,000 on Nov 13, 2006. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,177,600.

Home Details for 550 E Lake Dr

Interior Features

Interior Details
BasementAtticIn-law unitNumber of Rooms: 15Types of Rooms: Walk In Closet, Breakfast Nook, Dining Room, Family Room, Laundry Room, Library, Master Bath, Mud Room, Office, Pantry, Recreation Room, Workshop, Solarium Atrium, Sun RoomWet BarCeiling Fan
Heating & Cooling
Heating: GasAir ConditioningCooling System: CentralHeating Fuel: Gas
Levels, Entrance, & Accessibility
Stories: 3Floors: Carpet, Hardwood, Laminate
Appliances & Utilities
DishwasherDisposalDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
FireplaceHot Tub or SpaJetted Bath Tub
Windows, Doors, Floors & Walls
Double Paned Windows
Security
Security System

Exterior Features

Exterior Home Features
Roof: Asphalt, Shake ShingleExterior: BrickFoundation Type: Crawl RaisedGardenLawnPatioPorchSprinkler System
Pool
Pool
Parking & Garage
GarageParking Spaces: 6Parking: Garage Attached

Property Information

Year Built
Year Built: 1980Year Updated: 2006
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 1 acre

Additional Information

Intercom

Price and Tax history

DateEventPrice
Nov 13, 2006
Source: N/A
Sold
$34,000

Market trends in Gainesville

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$398K
$15KMoM
Sale-to-List Price
98.0%
0.1%MoM
Price per sq ft
$206
$1MoM
Available listings
701
4MoM

Around this home

Neighborhood Overview

Lake District
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Lake District

At least 34 Trulia users voted on each feature.

  • 94 % Say car is needed

  • 79 % Say it's dog friendly

  • 72 % Say parking is easy

  • 72 % Say there's holiday spirit

  • 72 % Say it's quiet

  • 68 % Say there's wildlife

  • 60 % Say yards are well-kept

  • 47 % Say kids play outside

  • 46 % Say neighbors are friendly

  • 42 % Say people would walk alone at night

  • 30 % Say they plan to stay for at least 5 years

  • 23 % Say streets are well-lit

  • 21 % Say there are sidewalks

  • 20 % Say it's walkable to grocery stores

  • 17 % Say it's walkable to restaurants

  • 12 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Boat shows, and water events, food trucks, and fundraisers. Food drives, auctions, car shows. Dog walkers, and neighborhood watch."
    1
    Flag
  • Jada R.
    "it’s nice to walk them around, safe and great environment. i always see my neighbors out walking their dogs! "
    6
    Flag
  • Charolette
    "by my school's it is a good neighborhood. the teachers at the school were friendly it was a nice school and friendly location down the street from krogers and right Kidd dawsonville highway technically. "
    0
    Flag
  • David W.
    "You see people walking there dogs from time to time it is all good fun and cheese and wine. Lake to swim in and woods to hike in."
    2
    Flag
  • Michelle G.
    "It’s a nice and safe area. You’re able to leave your cars unlocked as well as your home. No crime here. Everyone minds their business"
    3
    Flag
  • Necuterisasin
    "Nothing now except the lake , the place has went really down hill since I’ve been living here for 5 years "
    0
    Flag
  • Kristijunefrench
    "My commute to work is only 12 minutes and has moderate traffic in the morning and afternoon. There are bus stops close by if needed."
    0
    Flag
  • Leslie A. G.
    "Lived here for a year and a half. Great rent prices for the amount of space and location. Woot!!!!!!"
    0
    Flag
  • Necuterisasin
    "The neighborhood use to be really nice but has went down hill in the past 6 mths - looking for another place to call home "
    0
    Flag
  • Necuterisasin
    "I’ve lived here for 5 years and have a view of the lake , a pool , and a fitness area plus the management here is really nice "
    1
    Flag
  • mjdavidson813
    "Located practically in the city, but feels like you're in the country!"
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 550 E Lake Dr

  • What is 550 E Lake Dr estimated to be worth?
    Trulia's estimated value for 550 E Lake Dr in Gainesville, GA is $1,177,600.
  • What is the price history for 550 E Lake Dr?
    550 E Lake Dr in Gainesville, GA last sold for $34,000 in November 2006.
  • Is Gainesville a buyer's or seller's market?
    Gainesville is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Gainesville?
    The median sale price in Gainesville is $398K. That is up $15K from the prior month.
  • Does 550 E Lake Dr have air conditioning?
    Yes, 550 E Lake Dr in Gainesville, GA has air conditioning.
  • Does 550 E Lake Dr have a pool?
    Yes, 550 E Lake Dr in Gainesville, GA has a pool.

Explore by feature - Pet Friendly

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Explore by feature - Air Conditioning

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Explore by feature - Pool

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Explore by feature - Outdoor Space

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Apartments for Rent

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Off Market Homes Near 550 E Lake Dr

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Homes for sale near 550 E Lake Dr

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