Discover Lake Placid: A Hidden Gem in Newnan, GA Real Estate
Nestled in southwest Newnan, Lake Placid is a mid‑20th-century lakeside subdivision offering a unique blend of serene waterfront living just minutes from the heart of town. Cove-lined streets like Windsor Way and Merrill Way radiate from a tranquil central lake—ideal for enjoying early-morning fishing, paddle outings (non‑motorized), or simply unwinding by the water.
With homes built predominantly in the 1970s, the community includes ranch-style brick homes and charming cottages—many upgraded over the past decade with hardwood floors, new HVAC systems, and modern kitchens.
Amenities & HOA Details
Homeowners Association (HOA):
No mandatory HOA dues for lawn or common‑area maintenance.
Lakeside upkeep is managed informally, with voluntary oversight via a community contact line.
No rental restrictions or specified covenants—giving homeowners flexibility.
Lakeside Living:
Residents enjoy a private dock, ideal for kayaking, catch‑and‑release fishing, or lounging lakeside. Seclusion is a hallmark—no motorized boats allowed, preserving lake quietude and family safety.Privacy & Security:
Properties are tucked down cul-de-sacs, featuring features like bay windows and closed-circuit camera systems.
See All Available Lake Placid Listings HERE
Schools & Education
All Lake Placid addresses fall within the Coweta County School District. Based on nearby comparable homes:
Northside Elementary School (Grades PK–5): rated A– to A average.
Evans Middle School (Grades 6–8): mid-range rating.
Newnan High School (Grades 9–12): solid academic/gym programs, similarly rated.
These schools are within 1–4 miles—students ride the bus daily and families appreciate the convenient proximity.
Proximity to Atlanta & Hartsfield-Jackson
Downtown Newnan: Approximately 10 minutes via local roads like Bullsboro and Lower Fayetteville.
Atlanta (Downtown): Around 40 miles northeast via Interstate 85, typically a 45–55‑minute commute depending on traffic.
Hartsfield‑Jackson International Airport: About 48–50 miles away, approximately an hour’s drive.
Lake Placid is a commuter-friendly choice for those working in metro Atlanta who prefer a relaxed and family-oriented living environment.
Real Estate Snapshot
Homes in Lake Placid offer a strong value proposition—laid-back lakeside living in a well-established neighborhood with easy access to schools, shopping, and Atlanta.
Recent comparable listings include:
12 Windsor Way
3 bedrooms, 2 baths, 1,600 sq ft ranch brick, built 1972
Situated on 0.51 acres with direct lake frontage, listed at $394,000
Key upgrades: hardwood floors, granite counters, new HVAC, newer roof, media room, garage, and lakeside dock.
28 Merrill Way
3–4 bedrooms, 2 baths, ~2,400 sq ft including basement, built 1973
On 0.94 acres with no HOA, sold around $235,000 in late 2023, now valued at approximately $289,000–324,000.
26 Merrill Way
2 bedrooms, 2 baths, ~1,480 sq ft
Vaulted great room, hardwood floors, lakeside glass porch, detached two‑car garage. Typical pricing for similar homes ranges from $250,000–$400,000 depending on condition.
See All Available Lake Placid Listings HERE
Market Insights:
Price per square foot ranges from $195 to $246.
Updated lakefront homes sell between $300,000 and $400,000.
No new construction—homes are all resale properties, which helps maintain the neighborhood's character and consistency.
Nearby Attractions & Lifestyle
Historic Downtown Newnan: Located about 10 minutes away, featuring tree-lined streets, historic architecture, boutique shopping, restaurants, and seasonal events.
The Forum at Ashley Park: A major retail and entertainment destination just 5 miles from Lake Placid, with over 50 stores and restaurants, including Best Buy, Barnes & Noble, Dillard’s, and more.
Parks & Recreation:
City trolley connects downtown to Ashley Park.
Numerous parks and green spaces support outdoor activities for individuals and families.
Commuting & Connectivity:
Close proximity to Interstate 85 ensures quick access to Atlanta and surrounding areas.
Newnan-Coweta County Airport serves private flights, while Hartsfield-Jackson supports national and international travel.
Pros and Cons Summary
Lake Placid provides lakeside lots and private docks that attract those who love peaceful waterfront living. The quiet cul‑de‑sac layout enhances privacy, while its strong public school zoning appeals to families. Being commuter-friendly with easy access to Atlanta is a major draw, especially for those who want to live outside the city without sacrificing access. Additionally, the absence of an HOA means fewer restrictions and more flexibility in ownership.
However, the neighborhood does not offer amenities like a clubhouse or swimming pool, and sidewalks are limited—meaning the area is more car-reliant. Some homes may require updates, particularly those still equipped with their original mid-century features. With no new construction, buyers are limited to existing inventory, which, while charming, may lack modern layouts or finishes unless renovated. Homeowners are also responsible for their own maintenance, as there is no shared upkeep program.
See All Available Lake Placid Listings HERE
Tips for Homebuyers in Lake Placid
Inspect lakeside features like docks and shoreline stability.
Review HVAC, plumbing, and roof age—many homes date back to the 1970s.
Confirm school zone boundaries with Coweta County in case of changes.
Consider flood insurance depending on the elevation and lake proximity.
Work with a local real estate agent to understand property history and value.
See All Available Lake Placid Listings HERE
Summary
Lake Placid offers a rare combination: peaceful, lakeside charm in classic mid-century homes, all within easy reach of Coweta County schools, downtown Newnan, and metro Atlanta. With home prices ranging from the high $200k’s to over $400k for renovated properties, buyers can find unique value in properties featuring spacious lots, direct waterfront access, and functional flexibility—without mandatory HOA fees or rental restrictions.
For families seeking character, outdoor living, and commuter convenience—Lake Placid is worth a visit.
If you're considering buying or selling in Lake Placid—or anywhere in the Newnan area—partner with the local real estate specialists who know the nuances of this market. For all your real estate needs in Newnan and surrounding areas, trust the Tim Stout Group with eXp Realty to guide you home. Contact us today!
See All Available Lake Placid Listings HERE
