5188 Watchmans Cove, Gainesville, GA – Luxury Lake-Access Home with Finished Terrace, Home Gym and Spa

5188 Watchmans Cove, Gainesville, GA – Luxury Lake-Access Home with Finished Terrace, Home Gym and Spa

published on May 05, 2026 by Chelsea Abbott
5188 Watchmans Cove Gainesville GAStep into a striking 2022-built residence in Stephens Point, an exclusive gated 55+ active-adult neighborhood just steps from Lake Lanier. Priced at $729,000 and listed as MLS 10756121, this 4,264 square-foot property at 5188 Watchmans Cove, Gainesville, GA delivers four bedrooms, three full bathrooms and zero half baths across a thoughtfully designed plan that blends single-level convenience with an expansive finished terrace level. This listing is an ideal fit for Gainesville GA buyers seeking lake access, low-maintenance grounds, and generous indoor amenities.

Curb appeal begins with a covered rocking-chair front porch that sets a relaxed tone and frames the neighborhood streetscape. The yard occupies approximately 0.16 acres and has been configured for easy upkeep while still offering private outdoor living: a covered back deck, an open paver patio, a fenced yard and a luxury spa all tucked beneath a canopy of mature trees for a quiet, wooded backdrop. Annual taxes are $4,920.

Inside, wide luxury plank flooring runs through the principal rooms and creates an immediate sense of continuity. An open foyer flows to a versatile dining or flex space, and sightlines lead to a bright family area enhanced by a trey ceiling and a gas fireplace. Natural light and a well-planned layout make the main level comfortable for day-to-day living and entertaining alike.

The kitchen is built for social cooking and serious meal prep. Crisp white cabinetry pairs with expansive granite counters anchored by a dramatic island measuring more than nine feet in length. Upgraded stainless appliances include a convection oven and gas cooktop, and a subway-tile backsplash provides a clean, modern accent. A light-filled eating nook overlooks the family room so hosts remain part of the conversation.

The primary owners suite is generous in scale and includes a sitting area that opens to a private balcony, creating a restful retreat. The ensuite bathroom features dual granite-topped vanities, a large walk-in tiled shower and a roomy walk-in closet with direct access to the laundry room for convenient daily routines. The main floor also includes multiple guest bedrooms and a well-appointed full bath finished with upgraded tile and granite.

The finished walk-out terrace level functions as a true lower-level living suite and greatly expands the home's usable square footage. A second open family room flows into a dedicated game area and a wet bar fitted with a beverage refrigerator, ice maker and large wine cooler. This level also accommodates a guest bedroom with a full bath finished in custom tile, a home gym and a sizable home office featuring its own walk-in closet for storage or hobby needs.

Residents of Stephens Point enjoy a strong calendar of social opportunities and community amenities that complement the home. The development maintains a lakeside clubhouse and pool, lighted pickleball and tennis courts, and a private 14-slip courtesy dock on deep water at Lake Lanier. With 174 homes in the community, Stephens Point provides both activity and privacy, and the location keeps downtown Flowery Branch and Gainesville within a short drive, along with easy access to I-985 and North Georgia attractions.

School assignments place this property in the West Hall High School district, with West Hall Middle School and Everwood Elementary School serving younger students. For buyers searching Gainesville homes for sale with lake access, upscale finishes and flexible living spaces, 5188 Watchmans Cove represents a distinctive opportunity.

For more information or to schedule a private tour, contact Chelsea Abbott at 678-300-5910. Visit my website at thinkrealtyteam.com for additional listings and local market insight.
All information found in this blog post is deemed reliable but not guaranteed. Real estate listing data is provided by the listing agent of the property and is not controlled by the owner or developer of this website. Any information found here should be cross referenced with the multiple listing service, local county and state organizations.