280 W Lake Drive NW, Atlanta, GA 30314

Property Description

RARE LIVE-AND-INVEST OPPORTUNITY | FULLY RENOVATED WESTSIDE ATLANTA HOME Rare ownership and investment opportunity in the rapidly transforming Grove Park neighborhood! This fully renovated Westside Atlanta property offers 3,500+ square feet of flexible living space and a unique opportunity to live comfortably on the main level while generating rental income from a private, fully finished terrace-level suite. Ideally located in one of Atlanta's fastest-growing areas, this exceptional property places you just minutes from Georgia Tech, the Atlanta University Center, Mercedes-Benz Stadium, State Farm Arena, Westside Park, the Atlanta BeltLine, Centennial Yards, Washington Park, and many of the city's most exciting entertainment, dining, and redevelopment districts. MOVE-IN READY WITH MAJOR SYSTEMS UPDATED Thoughtfully renovated between 2021 and 2022, this home offers peace of mind with major systems and components updated, including: HVAC Plumbing Electrical Roof Water heater Windows Appliances Inside, contemporary design and quality finishes create a bright, inviting atmosphere. The chef's kitchen features sleek cabinetry, quartz countertops, stainless steel appliances, refrigerator, and a convenient pot filler. The open-concept floor plan is filled with natural light and designed for both comfortable everyday living and effortless entertaining. The spacious primary suite offers a large walk-in closet, while hardwood floors throughout add warmth and sophistication. FLEXIBLE TERRACE-LEVEL SUITE | LIVE, RENT OR BOTH What truly sets this property apart is its exceptional flexibility and income-producing potential. The fully finished terrace level features a private entrance and includes a separate 3-bedroom, 2-bath suite with a full kitchen and living area. With the appropriate separation and security enhancements, including a steel door with a deadbolt lock, the property can provide two distinct living spaces-creating an ideal setup for: Owner-occupants seeking rental income Multigenerational living Extended family or guests Short-term rentals Mid-term rentals Long-term rental income FULL-HOME INVESTMENT OPPORTUNITY For investors, the entire property can accommodate 6 bedrooms, 4 full bathrooms, 2 kitchens, multiple living areas, dining space, a game room, and a gym, creating a highly flexible configuration for larger groups and rental demand. Whether you choose to live upstairs and rent the terrace level or utilize the entire property as an investment, this home provides multiple strategies for maximizing its utility and income potential. OUTDOOR SPACE + FUTURE POTENTIAL Step outside to a large, fully fenced backyard offering plenty of room for entertaining, pets, gardening, recreation, or creating your own private outdoor retreat. The property is zoned R-4, providing additional flexibility and potential for future expansion, including the possibility of an ADU, subject to applicable zoning requirements and approvals. PRIME WESTSIDE LOCATION With continued investment and redevelopment transforming Atlanta's Westside, this property is positioned to benefit from the area's ongoing growth, improving amenities, increasing demand, and long-term investment potential. Additional convenience comes with the option to purchase the property fully furnished, creating a true turnkey opportunity for an investor or buyer seeking immediate occupancy. Currently operating as a frequently booked short-term rental, showing availability is limited. Whether you're looking for a primary residence with supplemental income, a multigenerational home, or a flexible investment property with multiple revenue strategies, this is a rare opportunity to live, invest, and grow in one of Atlanta's most exciting emerging neighborhoods. Recent Smaller (with 2,000 -2,400 sq ft) SOLD for $500k - $550k range, larger similar in size comps have SOLD for $645k - $675k range. Schedule your private showing today.