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$675,000
Listing Price2beds
1baths
1,146sqft
8,772sqft lot
242 Lake Island Ave Se, Atlanta, GA 30316
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Seize the moment with this exceptional offering for new construction in the heart of Reynoldstown. Situated within the coveted R5 zoning, this expansive and level lot presents an ideal canvas for a multi-unit development. Located mere steps away from the BeltLine, the surrounding area exudes a vibrant atmosphere, boasting a lineup of upscale, dual-constructed units - Units #A and #B, each commanding prices upwards of a million plus dollars. This esteemed street is renowned for its accessibility and convenience, with an array of desirable amenities just a stone's throw away. Residents will relish in the unmatched walkability, with popular destinations such as Con Leche, Park Grounds, Muchacho, and Homegrown within easy reach. The convenience extends further with proximity to Reynoldstown MARTA, Madison Yards, Edgewood Retail, Inman Park, and beyond. This is more than just an investment opportunity - it's a chance to be part of a rapidly appreciating community where buildable lots are increasingly scarce. Don't miss out on this extraordinary chance to make your mark in one of Atlanta's most sought-after neighborhoods.
Interior Details
1146
2
1
Has Heating:
Yes
Heating Type:
Yes
Has Cooling:
Yes
Cooling Type:
N/A
Has Fuel:
Yes
Fuel Type:
Gas
Has Basement:
No
Basement Type:
Basement (unspecified)
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
8772
Yes
Yes
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
No
No
No
No
Yes
No
No
Construction Details
Conventional
Wood
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$4,711
$62,960
$52,040
--%
$115,000
2019
$1,027
$61,840
$51,120
--%
$112,960
2018
$1,698
$60,400
$49,920
--%
$110,320
2017
$1,136
$22,640
$32,480
--%
$55,120
2016
$1,140
$22,640
$32,480
--%
$55,120
2014
$1,188
$22,640
$32,480
--%
$55,120
2012
$191
$14,280
$18,840
--%
$33,120
2011
$49
$14,280
$18,840
--%
$33,120
Average Home Price in 30316
Nearby Properties
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Price
Bed
Bath
Sqft
Lot
Sold Date
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2 Beds
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$446,946
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Sold 09/29/2026
$435,000
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1,292 Sqft
8,276 Lot (sqft)
Sold 09/29/2026
$564,688
2 Beds
2 Baths
1,203 Sqft
6,970 Lot (sqft)
Sold 10/05/2026
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Details for 242 LAKE ISLAND AVE SE
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The Atlanta real estate market, with values and inventory levels fluctuating, continues to evolve based on numerous factors. Detailed data, including average property value, per square foot value, and property counts, outlines these trends, enabling buyers, sellers, and investors to understand and navigate the market effectively.





