Lancashire Court Ltd (Phase Ii) Real Estate

Welcome to Lancashire Court Ltd (Phase II), an enchanting subdivision nestled in the heart of Stone Mountain, Georgia. This vibrant community offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place to call home.

Lancashire Court Ltd is designed with modern living in mind, featuring a variety of thoughtfully crafted homes that cater to diverse lifestyles. Each residence showcases contemporary architecture, spacious layouts, and high-quality finishes, ensuring that every family finds their perfect sanctuary. With options ranging from cozy single-family homes to expansive properties, there’s something for everyone in this delightful neighborhood.

The community is surrounded by the natural beauty of Stone Mountain Park, renowned for its stunning landscapes, hiking trails, and recreational facilities. Whether you enjoy a leisurely stroll, a challenging hike, or a family picnic, the park offers endless opportunities for outdoor activities. Additionally, residents can take advantage of local amenities, including shopping centers, dining options, and entertainment venues, all just a short drive away.

Families will appreciate the top-rated schools in the area, providing quality education and a nurturing environment for children. The friendly atmosphere and strong sense of community make Lancashire Court Ltd a welcoming place for families, young professionals, and retirees alike.

With its ideal location in Dekalb County, Lancashire Court Ltd (Phase II) combines the charm of suburban living with the convenience of city life. Discover your dream home in this thriving community and experience the best that Stone Mountain has to offer. Your new adventure awaits!

Newest Listings in Lancashire Court Ltd (Phase Ii)

$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

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