If you’ve been wondering about something in your community, Ask The Times is your place to get answers. The following question was submitted by a reader and answered through the efforts of our news staff.
What’s the story on the large, unfinished house that’s visible from Lake Lanier?
First permitted to be built in 2007, 5500 Key Point in Gainesville remains unfinished but is for sale as-is and offers strong potential, according to the Realtor listing it.
Bev Knight of The Good Life Group of Keller Williams said the 25,625-square-foot home, which is in the Pine Forest subdivision, was bought by Lakefront LLC of Norcross as an investment after it was foreclosed on in 2010.
The house is “unfinished but completely dried in,” according to the listing, and Knight said she has received several offers on the property. She said a couple of people are trying to get the money to purchase the home. The house is listed for $1.425 million.
A Virginia man was the owner of the home before the foreclosure by United Community Bank on June 1, 2010, according to Hall County building permit documents obtained in an open records request by The Times.
The original building permit from 2007 listed the property as having five bedrooms and six and a half bathrooms.
Knight said the home, called “Eagles View Manor” in a listing, overlooks the convergence of the Chestatee and Chattahoochee rivers.
“There is just no better view on Lake Lanier,” Knight said.
She said the house technically has no bedrooms yet, but it’s listed as having the potential for eight bedrooms, seven full bathrooms and six half bathrooms.
“Hopefully someone builds it to its potential because it’s pretty special,” Knight said.
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