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Active133 days listed

5085 Balus Drive, Gainesville, GA 30504

  • 3bd
  • 2ba
  • 1,218SF
  • 0.35ac lot

Single-family homeLake Lanier

List price

$495,000

$406/SF list

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FMLS IDXFMLS #7789571 · Listing Provided By Keller Williams Realty Atlanta Partners · 404-384-2818 · Listing agent Premier Realty Group

Location

5085 Balus Drive, Gainesville GA 30504

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About this home

Discover the ultimate family retreat in this serene, 113 feet of lakefront sanctuary. Nestled on a quiet, private cul-de-sac, this home offers the perfect blend of natural beauty and modern living, providing a grounding escape from the everyday hustle. This home is turn-key and meticulously updated, boasting over $135,750 in recent improvements: Exterior & Waterfront: Enjoy a brand-new roof and gutters (2025), a stunning two-level dock with rip-rap and stairs, an updated porch, and recent property grading. Modern Systems: Worry-free living with a new septic system, new gas and plumbing lines, and updated light fixtures throughout. Interior Upgrades: Newly installed appliances, fresh flooring, a remodeled second bathroom, and a newly added office space provide comfort and functionality for the whole family. The property is defined by its tranquility—wake up to the stillness of the lake and enjoy deer wandering through the grounds. Located in a wonderful, friendly neighborhood with long-term residents, you gain significant privacy while remaining just a short drive from the amenities of downtown Oakwood and Gainesville.

How this list price compares in Gainesville

Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.

Home facts

Property type
Single-family home
Status
Active
Bedrooms
3
Full baths
2
Living area
1,218 SF
Lot size
0.35 acres
Year built
1962
Levels
One and One Half
Main-level bedrooms
3
Parking
Driveway, Kitchen Level
Basement
Exterior Entry, Partial
Style
Ranch
Construction
Brick, Brick 3 Sides, HardiPlank Type
Roof
Composition
Flooring
Laminate, Tile
Heating
Central
Cooling
Ceiling Fan(s), Central Air
Appliances
Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Lot
Cul-De-Sac, Lake On Lot, Wooded
HOA
No
Annual tax
$2,843 (2025)
County
Hall

Assigned schools

As reported in the listing. Verify with the school district.

Payment estimate

Estimate the monthly payment

Prefilled with the list price of $495,000 and this week's average rate. Change anything to see your number.

Loan type
Estimated monthly payment

$3,608/mo

Principal and interest
$3,060
Property tax
$237
Home insurance
$125
Mortgage insurance
$186
Loan amount
$445,500
Cash down
$49,500

This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.

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Questions about this home

How do I schedule a showing of this home?

Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.

How do I get more information about this listing?

Send your question through the form on this page. Listing details come from FMLS and are provided by Keller Williams Realty Atlanta Partners, so confirm them before making an offer.

Is this home still available?

This page shows the status reported in FMLS (Active) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.

How is the monthly payment estimate calculated?

It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.

Where can I see similar homes for sale in Gainesville?

See the similar homes section on this page, or browse all homes for sale in Gainesville, GA.

Beyond homes

Also exploring Georgia investment real estate?

Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.

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