Refine Search
Sort by
$385,000
7812473 MLS
NEW CONSTRUCTION DEVELOPMENT OPPORTUNITY! This 2.71 Acres lot has been Approved for 9 Homes. Capitalize on one of Stone Mountain's most attractive development opportunities. This 2.71-acre site, comprising 875 & 883 Mountain View Drive, is located in the rapidly transforming Stone Mountain Terrace neighborhood and is approved for a nine-home community. With rezoning already completed from R-75 to R-60 and a Land Disturbance Permit already issued, a significant amount of time, cost, and pre-development work has already been completed. With development hurdles already complete, it allows you to accelerate construction and get homes to market faster. This offering includes a comprehensive development package featuring a full survey, recorded sewer easements, and three thoughtfully designed architectural floor plans, giving builders a true head start from acquisition to construction. With entitled, buildable land becoming increasingly scarce in the area, this is a rare opportunity to acquire a project where much of the pre-development work has already been completed. Bring your team, break ground faster, and deliver a premier residential community in one of Metro Atlanta's growing submarkets. Demand for new construction remains strong, with comparable homes within a two-mile radius consistently selling between $425,000 and $500,000. Future homeowners will enjoy the perfect balance of privacy and convenience, just minutes from Stone Mountain Village, Stone Mountain Park, and major retailers including Publix, Walmart, and The Home Depot. Nearby elementary and middle schools further enhance the community's appeal. Costco is also coming soon to Stone Mountain.

883 Mountain View Drive, Stone Mountain

$69,900
7808513 MLS
A great infill and builder opportunity awaits with this 0.43-acre clean lot located in an established Stone Mountain community, now available for your best offer. The previous burned house has been completely demolished and the site cleared, offering a fresh canvas and a head start for your custom construction project. This gently sloping, mostly cleared parcel combines natural privacy with suburban convenience, featuring a beautiful backdrop of mature trees and existing partial fencing that clearly defines the property lines. Situated in a settled neighborhood, this property offers a rare chance to build from the ground up while remaining close to local schools, parks, shopping, and major transport links into greater Atlanta. Whether you are an investor looking to capture high market demand or an individual designing your personal sanctuary, this cleared raw land is full of untapped potential and priced to sell. ring your contractor, your vision, and your cash offer!

879 S Hairston S Road, Stone Mountain

$64,900
7808508 MLS
A great builder opportunity awaits with this raw infill lot located in an established, tree-lined Stone Mountain community, now available for your best offer. This mostly cleared, gently sloping corner parcel sits directly on a quiet cul-de-sac, offering the perfect foundation for a variety of architectural home designs while combining natural privacy with neighborhood convenience. Framed by a beautiful backdrop of mature, towering pine trees, the property provides a serene and scenic setting for a future custom backyard oasis with no through traffic. Preliminary ground preparation is already evident with installed black silt erosion fencing along the paved street frontage, giving you or your developer a great head start on site work. Situated in a settled, peaceful neighborhood of well-maintained single-family homes, this property offers a rare opportunity to build from the ground up while remaining close to local schools, parks, shopping, and major transport links into greater Atlanta. Whether you are an investor looking to capture market demand or an individual designing your personal sanctuary, this land is full of untapped potential and priced to sell.

4948 Mountain Valley Drive, Stone Mountain

$900,000
7799189 MLS
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 parcel is ideally suited for developers seeking scalable investment in an area familiar to DCA underwriters with a demonstrated record of program success.

1055 Lancashire Circle, Stone Mountain

$150,000
7764169 MLS
Prime opportunity to build in a high-visibility, well-established area of Stone Mountain! Rare opportunity to acquire a construction-ready corner lot with major prep work already completed. This 0.53-acre corner lot is fully prepped and development-ready, offering exceptional groundwork already in place. The property’s level topography, open layout, and clean grading provide a flexible footprint for a custom home. The property has been professionally cleared and graded, featuring grade A soil (soil report available), which significantly reduces risk and development costs. Erosion control (silt fence) is already installed, and a load of gravel has been poured, providing improved site access and a solid entry point for construction vehicles. A temporary power pole is on site, allowing for immediate construction start. Positioned on the corner of Rockbridge Road and Maggie Road, this lot offers a unique advantage: access from the quieter side street (Maggie Road). This allows for the design of a home with a driveway that avoids direct entry onto the main road, improving safety, accessibility, and overall curb appeal. The corner positioning is a standout feature—giving you the flexibility to design a home with better traffic flow, safer ingress/egress, and enhanced layout options compared to standard interior lots. Conveniently located near major roads, schools, and everyday amenities, this property is ideal for builders, investors, or homeowners ready to bring their vision to life.

2312 Rockbridge Road, Stone Mountain

$185,000
7744430 MLS
Build your dream estate or explore development potential on this expansive 2.8-acre lot. Tucked away in the scenic landscape of Stone Mountain, GA, this property offers the perfect balance of privacy and convenience. Forget the hassle and expense of heavy clearing—the hard work has already been done for you. This massive, level lot is fully cleared and ready for your vision to take shape. Prime Acreage: 2.8 lush, open acres providing ample space for a custom luxury home, a pool, a workshop, or an urban farm. Ready-to-Build Canvas: The previous structure has been removed down to the foundation, offering a unique "head start" for builders or homeowners looking to utilize existing footprints or start entirely fresh. Natural Beauty: Enjoy the serenity of a sprawling lot with the iconic Stone Mountain area as your backdrop. Location: Situated in a peaceful pocket of Stone Mountain, you’re just minutes away from local parks, hiking trails, shopping, and easy commuter access to downtown Atlanta.

1453 Panola Road, Stone Mountain

$65,590
7724785 MLS
Investor Opportunity - Prime Underdeveloped Lot in Stone Mountain, GA Unlock the potential of this rare undeveloped lot nestled in a well-established Stone Mountain neighborhood surrounded by charming single-family homes. This property offers a versatile investment opportunity - ideal for builders, investors, or homeowners ready to bring their vision to life. Enjoy the perfect blend of suburban peace and urban convenience, with easy access to major highways, shopping centers, parks, and several nearby colleges and trade schools. Whether you're planning to build a custom hone, develop a high-yield rental property or hold for future appreciation, this lot is a true blank canvas with endless possibilities. Location Highlights: Desirable Stone Mountain neighborhood close to major highways (I-285, US-78). Minutes from Stone Mountain Park, schools, and local amenities. Strong rental and resale demand in the area. Don't miss this rare chance to invest in one of Stone Mountain's most promising undeveloped parcels.

2020 S Hidden Hills Parkway, Stone Mountain

$64,900
7715032 MLS
Rare opportunity to own .6 acres of level, undeveloped land in the heart of Stone Mountain, zoned R-100 and ideal for a custom home with an ADU/income-producing option. This private, unrestricted lot offers exceptional flexibility for buyers looking to build, invest, or create a multi-generational living setup. While located within an established community with no HOA, the property sits along a stretch of surrounding private parcels that will never be developed, offering a rare blend of serenity, lasting privacy, and community presence. Enjoy peace and natural surroundings without sacrificing convenience. Just a few minutes from Stone Mountain Park, this location is perfect for nature lovers, outdoor enthusiasts, and families who value recreation, trails, and scenic beauty right outside their door. Financing options now available allow buyers to purchase the land and roll construction costs into one loan, making it easier than ever to build without the stress of managing multiple financing arrangements. Whether you’re a homeowner, builder, or investor, this property delivers privacy, flexibility, location, and long-term value — an exceptional opportunity to build exactly what you want in an unbeatable setting.

5160 Selene Drive, Stone Mountain

$1,750,000
7625787 MLS
This exceptional 4.75± acre development opportunity is located on Memorial Drive, a highly visible and accessible State Rout in Dekalb County, Georgia just outside of I-285. The retail business on this Property has been a multi-generation landmark in the community for 55+ years. With over 440 feet of direct frontage and two existing curb cuts, the property offers excellent accessibility for a wide range of potential development projects including APARTMENTS, TOWNHOME & MIXED USE DEVELOPMENTS. Currently zoned O&I and situated within a designated Commercial Redevelopment Corridor as well as both State and Federal Opportunity Zones. This site is already ENTITLED for multi-family housing and a variety of other commercial uses. Its strategic location and zoning overlays make it well-positioned for increased density, rezoning flexibility, and eligibility for valuable development incentives. Permitted uses under current ENTITLEMENTS include multi-family apartments, hotel/motel, nursing facility, hospital, medical office, bank, daycare center, fitness center, private schools, recreation facilities, special events facility, indoor concert or theater venue, child care institution, place of worship, cemetery or mausoleum, funeral home, vocational and specialized schools, auto brokerage, office, trade shops, catering, and more. Additionally, a wide range of uses are allowable with a Special Use Permit, including high-rise apartments, extended stay hotels or motels, senior housing, cultural facilities, crematoriums, homeless shelters, and transitional housing. There is also strong potential for residential rezoning to allow for townhomes, mixed-use communities, single-family homes, or high-density apartment development. The Commercial Redevelopment Corridor overlay allows for various zoning classifications, including RSM, MR-1, MR-2, MU-1, MU-2, MU-3, NS, C-1, C-2, OI, OD, and OIT, providing significant flexibility for developers and investors. All information, including zoning classifications and permitted uses, is deemed reliable but not guaranteed. Prospective buyers are solely responsible for verifying all data, evaluating development suitability, and confirming the accuracy of the information provided. Active operating business currently on property. Do not visit without an appointment.

5706 Memorial Drive, Stone Mountain

board logoListings on this website come from the FMLS IDX Compilation and may be 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 to review our DMCA policy and learn how to submit a takedown request. © 2026 FMLS. Last updated