The owners of Pine Lake, a 260-lot community located in Douglasville, Ga., have put the property up for sale, according to the National MHRV Team at CBRE, which is brokering the deal.
The property has a posted asking price of $4.6 million.
More than 180,000 people live within a 10-mile radius of the community and this population is projected to grow by 6.2 percent over the next five years – after experiencing growth of 6.3 percent from 2010-15.
There has been recent, significant capital investment made in the community’s infrastructure. Community amenities include a stocked fishing lake, playground, volleyball court, basketball court, soccer field and clubhouse.
Pine Lake is situated on 51.89 acres. Local schools, parks and recreational amenities are within easy access. Residents also enjoy numerous retail and cultural amenities that are located nearby in Atlanta.