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For sale
  • Price cut: $30K (6/23)
    $1,099,000

    5 Riverwood Ln, Alexander City, AL 35010

    3beds
    3baths
    --sqft
    : 
    $6,092/mo
    Get pre-qualified
    Single Family Residence
    Built in 1978
    1.03 Acres Lot
    $1,047,000 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Waterfront homeBunk roomFlat lotExtensively remodeled basementNewly updated dockWestern-facing homeOutdoor flagstone fire pit
    Imagine, waking up to glassy water before the kids get up, launching the boat from your private ramp for an early cruise, and still making kickoff in Auburn by noon! This is how Lake Martin life was meant to be! Designed for both relaxation and revenue, this turn-key, FULLY FURNISHED, income-producing property offers exceptional versatility and space for entertaining family, friends, or guests. This western-facing home is situated on a flat 1-acre lot and features an extensively remodeled basement that adds tremendous value, including a full bathroom, bunk room, and game room, creating the ideal setup for hosting larger groups or maximizing rental potential. The main living spaces are bright and inviting, seamlessly connecting indoor comfort with outdoor lake living. Outside, enjoy easy access to the calm water and head down to the newly updated dock. The outdoor flagstone fire pit and flagstone grilling area elevate your evenings by the lake and make entertaining effortless! There are so many things to love about the outdoor spaces this home offers - from the flat lot, to the carport for convenient parking, and the she-shed for storage and water toys! There is plenty of room to personalize the property to your liking too. The expansive yard could easily be fenced for pets. Conveniently located right off Hwy 280 in the Alexander City area of Lake Martin, local attractions, restaurants and shopping are just minutes away. Take advantage of all that Auburn can offer as well for dinning, shopping, rental opportunities, concerts and sporting events - Only 35 minutes away and a straight shot too! With its combination of thoughtful updates, strong rental appeal with NO HOA fees and unbeatable Lake Martin setting, this waterfront home is a rare opportunity to own a property that truly has it all.
    96 days
    |
    789
    |
    53
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Judith Jager 205-789-0698,

    Lake Martin Realty - Willow Point,

    Adam Yager 205-914-0830,

    Lake Martin Realty - Willow Point

    Source: LMMLS,MLS#: 26-535MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Has cooling: Yes
      Features
      • Has basement: Yes
      • Number of fireplaces: 1

      Property

      Parking
      • Total spaces: 2
      • Parking features: Carport
      • Garage spaces: 2
      • Has carport: Yes
      Features
      • Stories: 2
      • Patio & porch: Covered Deck, Deck
      • Exterior features: Rain Gutters, Shrubs
      • Has view: Yes
      • On waterfront: Yes
      • Waterfront features: Boat Ramp, Seawall
      • Body of water: Lake Martin
      Lot
      • Size: 1.03 Acres
      • Features: Lot Remarks, Wooded, Views
      Details
      • Parcel number: 1104180001024.0000

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • HardiPlank Type
      • Foundation: Basement
      Condition
      • New construction: No
      • Year built: 1978

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Alexander City

      Financial & listing details

      • Tax assessed value: $606,200
      • Annual tax amount: $5,006
      • Date on market: 4/23/2026

        Estimated market value

        $1,047,000

        $995,000 - $1.10M

        $2,060/mo

        Price history

        DateEventPrice
        6/23/2026Price change$1,099,000-2.7%
        Source: LMMLS #26-535 Report a problem
        4/23/2026Listed for sale$1,129,000
        Source: LMMLS #26-535 Report a problem
        3/3/2026Listing removed$1,129,000
        Source: LMMLS #26-163 Report a problem
        2/6/2026Listed for sale$1,129,000+36.9%
        Source: LMMLS #26-163 Report a problem
        7/12/2024Sold--0
        Source: LMMLS #24-733 Report a problem
        6/13/2024Contingent$824,900
        Source: LMMLS #24-733 Report a problem
        6/4/2024Listed for sale$824,900+34.3%
        Source: LMMLS #24-733 Report a problem
        1/14/2022Sold$614,000-0.2%
        Source: LMMLS #476001_21-1416 Report a problem
        1/12/2022Listed for sale$615,000
        Source: LMMLS #21-1416 Report a problem
        12/15/2021Contingent$615,000
        Source: LMMLS #21-1416 Report a problem
        12/9/2021Listed for sale$615,000
        Source: LMMLS #21-1416 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,006 +189.2%$121,240 +162.7%
        2024$1,731 -50%$46,160 -50%
        2023$3,459 +249.4%$92,240 +249.4%
        2022$990 +21.4%$26,400 -1.7%
        2021$816 +0.5%$26,860 +0.4%
        2020$812 $26,740 -90%
        2019$812 -18.2%$267,000 +1.1%
        2018$992 0%$264,200
        2017$992 +10.3%$264,200 +10.1%
        2016$900 $239,860
        2015$900 $239,860
        2014$900 $239,860
        2013$900 +10.1%$239,860 +10%
        2011$818 $218,060
        2010$818 -0.1%$218,060
        2009$818 $218,060
        Find assessor info on the county website

        Monthly payment

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 35010

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