5188 Watchmans Cove, Gainesville, GA – Elegant One-Level Living with Finished Terrace and Lake Access

5188 Watchmans Cove, Gainesville, GA – Elegant One-Level Living with Finished Terrace and Lake Access

published on May 05, 2026 by The Rains Team
5188 Watchmans Cove Gainesville GAStep into a residence that blends thoughtful design with practical amenities in the gated Stephens Point 55+ community, just a short walk from Lake Lanier. Built in 2022, this 4,264 square foot home (MLS 10756121) is listed at $729,000 and offers a rare combination of single-level convenience and a fully finished terrace level that expands living and entertaining options.

The main floor hosts an open plan centered on a bright family room with a trey ceiling and a gas fireplace that creates a cozy gathering spot. Hardwood-look luxury plank flooring flows through the foyer and principal rooms into a gourmet kitchen appointed with crisp white cabinetry, granite counters, a subway tile backsplash, and a dramatic island stretching more than nine feet. Upgraded stainless steel appliances include a convection oven and a gas cooktop that will please cooks and entertainers alike.

Private living is emphasized with a generous primary owners suite that accommodates a separate sitting area and opens to its own balcony. The ensuite bath features double vanities topped in stone, a large walk-in tiled shower, and a substantial walk-in closet with direct access to the main-level laundry room. In total the home provides four bedrooms, three full bathrooms and zero half baths, configured for comfort and guest privacy.

The finished terrace level reads like a second home: an open family area, a game zone, and a wet bar outfitted with a beverage refrigerator, ice maker, and a sizeable wine cooler. Additional spaces include a guest bedroom and full bath with custom tile, a home gym, and a dedicated office with its own walk-in closet — ideal for storage or a quiet studio.

Outdoor living extends the entertaining footprint with a fenced yard, covered back deck and patio, a paver patio, and a luxury spa positioned to take advantage of wooded views. The covered rocking-chair front porch provides another peaceful spot to enjoy mornings and the community outlook.

Stephens Point is an intimate enclave of 174 homes offering a clubhouse overlooking Lake Lanier, lighted pickleball and tennis courts, a large community pool, and a private 14-slip courtesy dock on deep water. The location makes it easy to reach Historic Downtown Flowery Branch and Gainesville, I-985, dining, shopping, and the North Georgia mountains for day trips.

This property sits in the Hall County school system: West Hall High School, West Hall Middle School, and Everwood Elementary. The lot measures approximately 0.16 acres and annual taxes are listed at $4,920.

For more information or to schedule a private showing contact The Rains Team at 404-620-4571. For additional listings and community information visit delwebbchateauelan.com.
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