Back 5188 Watchmans Cove
Off Market

5188 Watchmans Cove

Gainesville GA 30504

4
3
2
4372 sq. ft.
0.16 ac.
Single-Family
Last sold for $710,000
FRANK FARKASFRANK FARKAS, last sold this property on 25 August 2026 after 114 days on market.

Overview

JUST REDUCED - Welcome to this UNIQUE HGTV-Inspired ONE-OF-A-KIND - DREAM HOME located in the EXCLUSIVE Stephens Point GATED 55+ ACTIVE ADULT Community. Nestled a few short steps from the shores of beautiful LAKE LANIER, this picturesque home offers a turn-key idyllic lifestyle with its serene surroundings and Unparalleled Amenities. Step onto the Covered Rocking Chair FRONT PORCH, where you can sip your morning coffee while soaking in the peaceful ambiance. As you enter the Home, you'll be greeted by a property that features PRIVACY, TRANQUILITY, and LUXURY UPGRADES throughout. As you step through the front door, you'll be immediately welcomed by an Open Foyer featuring LUXURY PLANK FLOORING that adds a touch of Sophistication, Durability, and Aesthetic appeal. Just inside, you'll find several generous GUEST Bedrooms and an adjoining FULL BATH featuring Upgraded Tiled Floors, Tiled Shower/Tub & Granite Vanity. Continuing inside, you'll approach a Spacious DINING ROOM perfect for Holiday gatherings or FLEX this Incredible space as you Wish. The Heart of the Home is the inviting GOURMET KITCHEN boasting Pristine White Cabinets, Large GRANITE Counters offering plenty of space & a Sophisticated SUBWAY TILED Backsplash. This Stunning Space is anchored by a MAGNIFICENT GRANITE Kitchen Island that stretches an Expansive 9 feet+ in length - creating an Elegant yet Dramatic Centerpiece. The Island offers ample space for Meal Prep, Casual Dining, and Entertaining. Upgraded Stainless Steel Appliances, including a CONVECTION Oven & Gas COOKTOP, and a light-filled Dining area complement the space. The Kitchen overlooks the FAMILY ROOM, featuring Stunning Open Views and abundant Natural Light. This room is highlighted by a Trey Ceiling and a Cozy GAS FIREPLACE. Completing the Main Floor is the PRIMARY OWNERS Suite that features Plenty of Space for ALL of your Furniture, including a Large SITTING AREA conveniently adjacent to a PRIVATE outdoor balcony. The Primary Bath features His & Her Vanities with Upgraded GRANITE, accompanied by a HUGE Walk-in TILED Shower, and a Spacious WALK-IN Closet with direct convenient access to the LAUNDRY ROOM. Once finished with the main level, continue down the gorgeous Open-Railed Stairwell into an Impressive FINISHED LUXURY TERRACE LEVEL designed for both Relaxation and Entertaining. You'll be welcomed by an Expansive Second Open Family Room featuring Luxury Plank Flooring that flows seamlessly throughout the space. Adjacent to the Family Room is a Spacious GAME AREA and a stylish WET BAR complete with a BEVERAGE REFRIGERATOR, ICE MAKER, and Large WINE COOLER. The Terrace Level also includes a GUEST BEDROOM, a FULL BATH showcasing a Custom-Tiled Shower & Elegant Vanity, and a dedicated HOME-GYM. Finishing the area, you'll find an expansive HOME OFFICE including a generous WALK-IN CLOSET for Extra Storage. Last but not least, step outside to your private outdoor Shangri-La, your perfect Oasis & Entertainment Paradise. This private FENCED space features a Covered back DECK & PATIO, an incredible LUXURY SPA as well as a SECOND open PAVER PATIO - perfect for Family or Neighbor Entertaining, all featuring Breathtaking Wooded Views. This Home offers not just a residence but a LIFESTYLE. Embrace the Convenience of the Gorgeous Community Clubhouse with Views overlooking Beautiful LAKE LANIER from the back Rocking Chair Porch. The Community features Lighted PICKLEBALL/TENNIS Courts, a Large Community POOL, and a Magnificent PRIVATE 14-Slip Courtesy DOCK on DEEP WATER. Stephens Point is an ACTIVE Community of 174 Homes with numerous Clubs, Activities, and Events to keep you as busy as you'd like while savoring the Beauty all around you. Just a few minutes to Historic Downtown Flowery Branch & Gainesville, you'll have easy access to I-985, Fine Dining, Shopping, and a Short Drive to the North GA Mountains offering a host of Outdoor Activities, Exquisite Wineries, and Breathtaking Scenery.

Features

4 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
4372 sq. ft. floor area
0.16 ac. lot size
Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Gainesville over the last 12 months, the estimated median property value of 5188 Watchmans Cove is $521.25k.

Median value
$521.25k
Estimated value range
$255k - $1.85m
Median days on market
49
Estimated value trend
16%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Gainesville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5188 Watchmans Cove

2026
Sold
$710,000
25 Aug 2026 by FRANK FARKAS, of PEND Realty, LLC
2022
Sold
Undisclosed
08 Jun 2022

Happy sellers in Gainesville

94%
94% of sellers in Gainesville reported that their sale price either exceeded or met their price expectations.

Gainesville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Gainesville over the last 12 months.

Local market activity for 4 bedroom single-family properties in Gainesville

In the last 12 months, 58 four-bedroom single-family properties similar to 5188 Watchmans Cove, have been sold.

This represents a 5% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

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