1055 Lancashire Circle, Stone Mountain, GA 30083

Stone Mountain
Local realty services provided by:ERA Sunrise Realty
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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1981
  • Subdivision & Development:Lancashire Court LTD (Phase II)
  • Listing ID #:7799189
  • Updated:August 19, 2026 at 01:30 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)
MLS LogoListings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. 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 (https://www.fmls.com/dmca) to review our DMCA policy and learn how to submit a takedown request. ©2026 First Multiple Listing Service, Inc.

New listings near 1055 Lancashire Circle