5505 Long Island Drive, Sandy Springs, GA 30327
Sources: Georgia MLS (listings + 12-mo closed sales), FEMA, modeled insurance. Interpretation: Momentum Research. Data notes
As of October 12, 2026, 5505 Long Island Drive in The Lake at Long Island, Sandy Springs is listed at $3,490,000 (9,000 sq ft, about $388 per sq ft). It has been 108 days on market. Listing facts: built in 2011. Figures are from the MLS record and county data; deemed reliable but not guaranteed.
- No CDD assessment on record
- Built 2011 · 15 yrs
- 9,000 sq ft of living area
- Garage
- Listed at $3,490,000 — recent neighborhood median sale price ~$2,857,500 (nearby sales; deemed reliable, not an appraisal)
- 108 days on market
About this home
A Rare Private Lakefront Estate in Sandy Springs - Discover one of only five residences built on an exclusive 7-acre private lake - a gated, all-brick estate on 2 pristine acres, blending timeless architecture with resort-style living. Encompassing more than 9,000 square feet across three finished levels, this extraordinary property offers an unparalleled combination of elegance, privacy, and entertainment spaces. Outdoor Paradise - Step outside to resort-style amenities: a sparkling in-ground pool with spa, expansive pool deck with covered entertaining area, a deck and arbor overlooking the lake with stairs to a private platform - ideal for fishing, kayaking, or simply enjoying serene sunsets.
Multiple verandas and screened porches frame breathtaking views of the pool and lake. Main Level Living - A winding stone walkway leads to a stately covered front porch with arched stained double doors. Inside, oak hardwoods flow throughout.
The welcoming foyer opens to an elegant dining room, a formal living room, a two-story great room, and a chef's kitchen appointed with professional-grade SS appliances, pot filler, beverage cooler, warming drawer, and two sinks. A large walk-in pantry plus a separate prep kitchen with full gas range, hood, sink, and laundry hookup make entertaining effortless. Retreat to the richly paneled executive study featuring a coffered ceiling, fireplace, and two walls of built-ins.
The primary suite on the main floor is a private sanctuary with a fireplace, a morning bar, spa-like bath with dual vanities, marble counters, pedestal tub, shower, his & hers water closets with bidets, and a designer wood-clad closet system. The second floor offers a junior master suite with a sitting area, oversized bath, and fitted closet, plus three additional ensuite bedrooms, one of which offers a much larger and thoughtful layout. A loft and a second laundry room add convenience.
Elevator access connects all three levels. The finished terrace level rivals any resort: a home theater with terraced seating and high-end projection/sound, a billiards room with coffered ceiling, full bar, wine cellar & tasting room, fitness studio, steam room, and a large entertainment lounge that opens directly to the pool deck. A guest suite, full bath with swim-changing cubbies, completes the lower level.
Just steps away, the separate pool/guest house offers flexible space with a living/sleeping area, kitchenette, and half bath - perfect for extended guests, au pair, or home office retreat. Located in the heart of Sandy Springs with easy access to Chastain Park and top-rated public and private schools, shopping, dining, and healthcare, this home truly represents luxury living and the life that you've been wanting. Come see what you've been missing!
All 101 photos
Description provided by BHHS Georgia Properties and reproduced from the MLS; not independently verified.
Provided via the Georgia MLS (GAMLS) Internet Data Exchange · Source: Georgia MLS (GAMLS) · © 2026 Georgia MLS. Information is deemed reliable but is not guaranteed. · deemed reliable but not guaranteedIDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS to be accurate.Every fact, sourced
Listing data, public records, our calculations, and what to verify — each fact shown once. Estimates and calculations shown are for general information only, are not appraisals or advice, and should be independently verified.
Listing facts MLS
Public records & third-party data
Calculated estimates
Buyer should verify Buyer verify
Estimated monthly payment
- Principal & interest $19,331/mo 82%
- Taxes $3,054/mo 13%
- Insurance $1,283/mo 5%
$23,668/mo at 20% down, 30-yr @ 7.4% · edit any field to update.
Editable estimate — not a loan offer. Estimates only; see data & estimate notes.
Flood zone & elevation
Sourced environmental data for the parcel. Confirm with FEMA and your insurer.
Not yet verified for this address. Look up the parcel at msc.fema.gov before relying on any flood assumption.
Approximate parcel elevation from USGS; confirm exact elevation with a survey.
Premiums and coverage vary by home (roof age, wind mitigation, claims history); obtain a quote from a licensed insurer.
Natural hazard risk
FEMA National Risk Index for Fulton County, GA: overall Relatively High. Ratings compare this county with every county in the United States for expected annual loss from each hazard.
Source: FEMA National Risk Index (county level, hazard risk ratings only). Ratings describe the county, not this parcel; the flood zone shown above is parcel-specific. Verify insurance requirements with your lender and agent.
Internet & broadband
Address-level fiber service is not confirmed for this home. Check the FCC National Broadband Map (broadbandmap.fcc.gov) or the provider for this address.
Cable broadband is common in Florida and Georgia towns but not confirmed for this address; verify with the provider.
5G home internet and satellite service depend on the exact location; check coverage for this address.
Pricing & the The Lake at Long Island market
How this home is priced against recent nearby sales, and where The Lake at Long Island has been over 25 years. Momentum Research analysis of Georgia MLS records; closed sales, deemed reliable but not guaranteed. Estimates only; see data notes.
This home’s $/sq ft vs. nearby sales
List $/sq ft against recent nearby closed sales; the community median is marked.
This home’s history
- 2011BuiltPer public record
- About Jun 2026Listed (per MLS)MLS reports 108 cumulative days on market as of October 12, 2026
- Sep 2, 2026First seen on movewithmomentum.comObserved at $3,550,000
- Sep 23, 2026Price cut$3,490,000 (-$60,000, -1.7%)
- NowActiveCurrently for sale
Build year is from public record. The MLS list date is approximate (today minus the cumulative days on market the MLS reports, which can span relistings). Other milestones reflect movewithmomentum.com’s own observations since we began tracking this listing and are not the MLS listing history; dates and prices are deemed reliable but not guaranteed.
Price & listing history
Building permits
Comparable recent sales
6 closed sales within about 3 miles in the last 18 months — same property type, living area within 30% of this home. Sold prices are MLS closed-sale records, deemed reliable but not guaranteed.
Median of these 6 sales: $2,857,500 ($321/sq ft). Stronger local evidence. Shown for general reference only — not an appraisal or a statement of this home’s value.
The Messtimate
This is a deliberately dumb estimate — living area times a range of recent neighborhood $/sq ft, and nothing else. It is not an appraisal, not market value, and not a valuation of this home. Even a tight range from comparable sales can’t price a specific home — here’s why.
Stronger local evidence — 6 comparable closed sales within about 3 miles, closed within the last 18 months, same property type, living area within 30% of this home.
Actual list price: $3,490,000 — compare it against the range above. The Messtimate is a blind sqft estimate; the list price reflects this specific home.
A 67% spread on the same house — and that gap is exactly what an automated guess can't see:
- Condition & updates — a renovated kitchen or new roof vs. dated finishes can swing value six figures; sq ft can't see it.
- The lot & views — a premium golf, water, or preserve lot vs. a road-facing one: same sq ft, very different price.
- Outliers skew it — the band above comes from 6 nearby sales; one flip or distressed sale moves the whole $/sq ft.
- Carrying costs & concessions — CDD, HOA, insurance, and seller-paid buydowns change what a buyer actually pays.
And here's what the live market is doing — which the number above ignores entirely:
- 1 active listing competing
For reference, this home is listed at $3,490,000 ($388/sq ft). The list price is the seller's asking price and is not derived from this range.
Selling your own home? Try the Messtimate on your address →
Methodology: 9,000 sq ft × $286–$478/sq ft (interquartile band of 6 comparable closed sales within about 3 miles, last 18 months; MLS closed-sale records). Estimate for general information only; not an appraisal, valuation, or offer. Updated October 12, 2026.
The Momentum read
🟡 Asking $388 per square foot, about 21% above the community’s $321 median. The Lake at Long Island’s 12-month median sold price per square foot is $321. MLS facts: Georgia MLS closed sales. A per-square-foot gap is context, not an appraisal; condition, lot, and view set the final number here.
What’s unique here: one of only 1 active listings in The Lake at Long Island, no CDD assessment.
Jump to: About this home · Every number, sourced · Monthly cost · Flood & risk · History · FAQ
Updated October 12, 2026 · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
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Listed by BHHS Georgia Properties · MLS # 10782480
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Similar homes for sale near The Lake at Long Island
Active listings nearby at a comparable size and price. Listings held by brokerages other than Momentum Realty are marked with the listing broker. Deemed reliable but not guaranteed.
Newest listings in Sandy Springs
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More on The Lake at Long Island
Go deeper on The Lake at Long Island
See schools, amenities, builders, HOA/CDD detail, and every active & sold home in the community — the single biggest advantage of buying here over a portal.
Assigned schools
Schools currently assigned to this address in Fulton County, provided as neutral factual data. Assignments can change — confirm current zoning with the school district. This is not a statement about the home's suitability for any person or family.
Assigned schools per the MLS listing — assignments can change; confirm current zoning with the district. Browse school-zone pages →
City, county & community guides
Where this home sits, with links to the matching guides. General reference only.
Groceries, dining, and parks for this city — see the city guide.
View →Schools, taxes, and services are county-administered — see the county guide.
Amenities and HOA/CDD detail on the neighborhood guide.
View →Buyer research checklist
Items worth confirming for 5505 Long Island Drive, chosen from what the record shows. This is general guidance, not advice about this specific property.
- Built in 2011 (15 years): ask for the roof and HVAC replacement dates — insurers commonly ask for roof age on homes this old, and it changes the premium.
- Confirm whether a mandatory HOA applies to this parcel and what it charges.
- Look up the parcel on FEMA's Flood Map Service Center and confirm with your insurer whether flood insurance is required.
- Get a homeowners insurance quote for this specific address in Fulton County; age of roof and any prior claims affect the premium.
- Listed living area is 9,000 sq ft: verify it against the property appraiser's record and measure before relying on it.
- Order a survey to confirm lot boundaries and easements.
- Review permit history with the county.
- Property taxes: the estimate on this page (about $36,645/yr) assumes reassessment at the list price; confirm exemptions with the county tax assessor.
- School zoning shown here comes from district data and changes; confirm the assigned schools directly with the district before relying on them.
Data sources & freshness
| Listing record | Georgia MLS, checked against the MLS hourly (last: October 12, 2026) |
| Comparable sales | Georgia MLS closed sales within about 3 miles, last 18 months, as of September 20, 2026 |
| Flood zone & elevation | Not verified for this address — look it up at msc.fema.gov |
| Taxes & monthly cost | Typical county effective rate applied to the list price; an estimate, not a bill |
| Insurance figure | Modeled estimate; obtain a real quote before offering |
| Schools | 2025-26 district assignments; verify with the district |
Momentum Research lines are our own analysis of Georgia MLS records; MLS data is deemed reliable but not guaranteed. Estimates are informational, not appraisals or advice. Methodology: how Momentum scores are computed.
Frequently asked questions
How big is 5505 Long Island Drive and when was it built?
Per the listing record, 5505 Long Island Drive was built in 2011 and has 9,000 sq ft of living area, 7 bedrooms and 7.5 bathrooms. Living area and lot size come from the MLS record and should be verified against the county property appraiser.
What community is 5505 Long Island Drive in?
5505 Long Island Drive is in The Lake at Long Island in Sandy Springs, Fulton County. The comparable-sales section on this page shows recent closed sales nearby from the same MLS data.
How are property taxes on 5505 Long Island Drive estimated?
The estimate on this page (about $36,645 per year) assumes the county reassesses at the list price. Georgia counties reassess after a sale and exemptions such as homestead must be applied for by the new owner, so the seller's current bill is not a guide. Confirm with the county tax assessor.
Is 5505 Long Island Drive in a flood zone?
A flood designation has not been verified for this address. Look up the parcel on FEMA's Flood Map Service Center (msc.fema.gov) and confirm with your insurer.
Can I rely on the figures on this page?
No. Estimated taxes, insurance, payments, and any market or comparable-sales summary are opinions and estimates for general information only and should not be relied upon. Verify all information independently before making any decision.
See 5505 Long Island Drive in person
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Opinion & estimate — do not rely on this page. Any figure on this page that is not a verbatim fact from the listing or a public record — including estimated property taxes, insurance, CDD/HOA amounts, mortgage payments, comparable-sales summaries, and market statistics — is an opinion and estimate provided for general informational purposes only. These figures may be inaccurate or out of date, are not appraisals, valuations, or financial, legal, tax, or investment advice, and should not be relied upon. Do not make any purchase, offer, financing, or other decision based on this page. Independently verify everything — price, square footage, lot size, year built, taxes, CDD/HOA, flood status, school assignments, permits, and community rules — with the listing broker, the county, your lender, a licensed inspector, an insurer, and your own advisors before acting.
Estimate methodology. Tax estimates apply county millage to the list price (less the homestead exemption where the parcel is matched to the certified roll) and will differ from the actual assessed bill. Cost and market figures are derived from available data and simple calculations, not a professional appraisal. We make no representation that any estimate reflects fair market value.
Equal Housing Opportunity. Content on this page is compiled from public records, MLS data, and automated sources and may contain errors or be out of date. It is general information only, not a representation about any specific property, community, builder, or association. Verify information independently before relying on it. Momentum Realty supports the Fair Housing Act and does not discriminate on the basis of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. Information about schools, distances, and amenities is provided as neutral factual data to help you research the property and is not a statement about who should or should not live here or the suitability of the home or neighborhood for any person or group. School data may change — confirm current assignments with the school district.
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Automated content. Some summaries, distances, and estimates on this page are generated automatically from public and proprietary data sources and may contain errors or omissions. We strive for accuracy but cannot guarantee the completeness or accuracy of any information. Verify anything important independently.
No warranty; measurements & photos. No guarantee, warranty, or representation of any kind is made regarding the completeness or accuracy of any information, descriptions, or measurements on this page — including square-footage measurements and property condition — all of which should be independently verified through appropriate means, including in-person inspection and public records. Photographs may be virtually staged or digitally enhanced and may not reflect actual property conditions. Momentum Realty and its agents expressly disclaim any liability in connection with the information provided.
MLS / IDX. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Georgia MLS (GAMLS) Internet Data Exchange. Real estate listings held by brokerage firms other than Momentum Realty are marked with the listing broker's name and include the name of the listing agent. Data provided is deemed reliable but is not guaranteed by the MLS to be accurate. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Georgia MLS (GAMLS). © 2026 Georgia MLS. Information is deemed reliable but is not guaranteed. All rights reserved.
Listing data is deemed reliable but is not guaranteed and is subject to change or withdrawal without notice. Square footage and lot size are approximate. Real estate brokerage services provided by Momentum Realty, licensed in Florida and Georgia. © 2026 Move With Momentum LLC.