Exquisite Lakefront Retreat with Investment Potential! Discover the charm & opportunity of this luxury lake house, a rare find in today's market. Nestled on a prime waterfront lot, this home offers breathtaking lake views, spacious interiors, and unmatched potential to become a premier lakeside escape. While some renovations are needed to restore it to its full grandeur, its solid foundation and high-end architectural details provide the perfect canvas for customization. At this unbeatable price, it presents a wise investment opportunity for those looking to own premium lakefront property at a fraction of the cost. A modern architectural masterpiece uniquely positioned atop its private aerie on 3.05 acres of unparalleled serenity. This iconic property perfectly marries modern sophistication with expansive south-west lake vistas. Step through the front door into an open-concept layout, where breathtaking water views grace every window. The living room unveils a striking marble fireplace & an abundance of windows designed to highlight deep water panoramas while bathing the interiors in natural light. At the heart of this captivating home is a stunning modern kitchen incorporating clean lines, sophisticated stone countertops, & stainless appliances. Friends will love to gather around the oversized island flanked by the fireplace, providing a welcoming space for daily living. The kitchen flows into the cozy keeping room for a more casual setting or to the breakfast room. Enjoy dining al fresco on the rear screened porch. Sparkling stone flooring unifies the spacious living room & adjoining dining room & kitchen, creating an inviting space for both relaxation and entertainment. Retreat to the main floor primary suite boasting privacy. This space includes separate vanities, a large jetted tub, walk-in shower, & water closet complete with bidet. Intricate ornate details & wood ceilings add warmth & comfort. Working from home becomes a pleasure in the expansive study with custom built-ins & stunning lake views, just steps away from the primary suite. Ascend the study's spiral staircase to the top floor loft & be awestruck by the views & guest en-suite. A grand curved stairway leads to the expansive terrace level, an entertainer's dream equipped with wet bar, living area, space for billiards, media room, & home gym. Three guest bedrooms with walk-in closets & two full baths provide additional privacy & boast lake views. The terrace level is complete with a safe room/wine cellar, a flex room that is ideal for a bunk room, & a secret room. A rear staircase off the kitchen offers less formal access to the terrace level. Each floor maximizes windows to face the lake for the perfect focus on an abundance of outdoor living space. Savor the private & scenic vistas from the wrap-around porch & deck or step outside the terrace doors to embrace the oasis. Extend your day around the limestone decking pool overlooking the lake. The paved cart path makes it a breeze to access your private deep-water single slip dock with party deck & 350' of shoreline. Boating enthusiasts will appreciate the new boat lift. You will love the location - located in a highly regarded school system & just minutes from Historic Downtown Gainesville, exceptional restaurants, boutiques, & outstanding healthcare. With a little vision, this hidden gem will transform into a stunning retreat, offering both lake living and increased property value. Don't miss this chance to craft your dream lakefront haven!
Active
Price cut: $101K (6/11)
$1,649,000
2935 Thompson Mill Rd, Gainesville, GA 30506
5beds
6,070sqft
Est.:
Single Family Residence
Built in 1988
3.05 Acres Lot
$-- Zestimate®
$272/sqft
$-- HOA
What's special
- 5 days
- on Zillow |
- 1,044 |
- 67 |
Zillow last checked: 7 hours ago
Listing updated: June 10, 2025 at 09:03pm
Listed by:
Celeina R. Houston 404-697-3225,
Bella Realty Group, Inc.
Source: GAMLS,MLS#: 10540999

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Exercise Room, Family Room, Foyer, Great Room, Keeping Room, Den, Loft, Office
Dining room
- Features: Dining Rm/Living Rm Combo
Kitchen
- Features: Breakfast Bar, Kitchen Island, Pantry, Solid Surface Counters, Breakfast Room
Heating
- Natural Gas, Heat Pump
Cooling
- Ceiling Fan(s), Electric, Heat Pump, Zoned
Appliances
- Included: Dishwasher, Disposal, Refrigerator, Gas Water Heater, Microwave, Cooktop, Stainless Steel Appliance(s), Trash Compactor
- Laundry: Other
Features
- High Ceilings, Bookcases, Double Vanity, Master On Main Level, Rear Stairs, Tray Ceiling(s), Vaulted Ceiling(s), Wet Bar, Tile Bath
- Flooring: Carpet, Hardwood, Stone, Tile, Vinyl
- Windows: Double Pane Windows
- Basement: Daylight,Exterior Entry,Finished,Full,Interior Entry,Bath Finished
- Number of fireplaces: 3
- Fireplace features: Basement, Living Room, Masonry, Other
Interior area
- Total structure area: 6,070
- Total interior livable area: 6,070 sqft
- Finished area above ground: 3,334
- Finished area below ground: 2,736
Video & virtual tour
Property
Parking
- Parking features: Attached, Garage, Garage Door Opener, Kitchen Level, Side/Rear Entrance
- Has attached garage: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio, Porch, Screened
- Exterior features: Dock
- Pool features: In Ground
- Has spa: Yes
- Spa features: Bath
- Fencing: Other
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Corps of Engineers Control, Deep Water Access, Lake Privileges, Lake, Dock Rights
- Body of water: Lanier
- Frontage type: Lakefront,Waterfront
- Frontage length: Waterfront Footage: 350
Lot
- Size: 3.05 Acres
- Features: Private, Sloped
Details
- Parcel number: 10126 000058
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,European
- Property subtype: Single Family Residence
Materials
- Concrete, Other
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1988
Details
- Warranty included: Yes
Utilities & green energy
- Electric: 220 Volts
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Underground Utilities
Community & HOA
Community
- Features: Lake
- Security: Security System, Smoke Detector(s)
- Subdivision: Lathim Properties
HOA
- Has HOA: No
- Services included: None
Location
- Region: Gainesville
Financial & listing details
- Price per square foot: $272/sqft
- Tax assessed value: $1,245,100
- Annual tax amount: $12,836
- Date on market: 6/11/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional
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