
Roseville, CA 95747
This Stunning Lakefront Estate is a Strong Value Opportunity, listed at $1,750,000—positioned well below the $1,832,340 Fair Market Value by 4%. This valuation gap offers $82,340 in Instant Equity. Featuring an Excellent Condition Rating, the home includes a remodeled kitchen, residential elevator, and a resort-style backyard with a grotto waterfall. Located in the prestigious Morgan Creek community near top-rated schools like Woodcreek High, this property is ideal for Luxury Homebuyers or Owner-Occupants seeking a turnkey, high-privacy sanctuary.
Luxury lakefront estate in Roseville's Morgan Creek. 5 beds, 4 baths, pool, elevator, and top-rated schools. $1.75M list price with instant equity potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4941 Waterstone Drive Subject | $1,750,000* List Price | 5 | 4 | 4,856 | $377 | - |
A 8587 Indianwood Lane Pending | $1,299,999 List Price | 5 | 5 | 4,268 | $305 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2005, the property features a recently remodeled kitchen with modern cabinetry and stone countertops, updated hardwood flooring, and a mint-condition resort-style backyard. The inclusion of luxury systems like an elevator and the overall high level of maintenance and contemporary finishes place it in the excellent category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28070, living area = 4856.
High School: Woodcreek High School (9/10).
Situated on a rare 0.6-acre lakefront lot within the prestigious gated Morgan Creek golf course community, offering exceptional water views and high privacy.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =28070, other record lot size in square feet = 27767.
The $459 monthly association fee, combined with the maintenance requirements of a large 0.6-acre lot and pool, represents a significant recurring financial commitment.
While the local schools are highly rated, the assigned high schools are located over 2 to 5 miles away, which may be less convenient for families with students.
Welcome to 4941 Waterstone Drive, a rare lakefront estate in the prestigious gated Morgan Creek Golf Community. One of only 38 homes situated on the community's picturesque man-made lake, this exceptional property sits on one of the largest lots at approximately .62 acres. From the moment you step through the front door, breathtaking views of the lake, sparkling pool, and spa create an unforgettable first impression. Designed to maximize its incredible setting, the family room and beautifully updated kitchen offer panoramic water views that can be enjoyed in every season. The home also features a formal dining room with custom built-in cabinetry, a separate living room, and a private den, offering elegant and versatile living spaces. Upstairs, an expansive flex room is perfect for a home theater, game room, or additional living area. The luxurious primary suite features a sitting area, a custom open dressing room with built-ins, an additional walk-in closet, and a peaceful retreat. A secondary guest suite includes an ensuite bath and beautiful lake views, while three additional bedrooms provide plenty of space for family and guests. An elevator offers convenient access to the second floor, making the home ideal for every stage of life. The lushly landscaped backyard is designed for entertaining with a resort-style pool, spa, and a professional basketball court installed by a former NBA player, which could easily be converted into an ADU or guest house. Combining luxury, privacy, and one of Morgan Creek's most coveted lakefront settings, this is a rare opportunity to own one of only 38 homes on the lake.
No exterior & parking available.
Grades K-8 • 1.4 mi
Grades K-8 • 1.6 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 4,856 | - |
| Lot Size | 28,070 | - |
| Price | $1.75M | $631.0K |
| Price per sq ft | $360 | $329 |
| Built year | 2005 | 0 |
| HOA | $459 | $0 |
| Days on market | 15 | 46 |
Jul 7, 2026
$1,750,000
Initial Listing
May 26, 2020
$1,200,000
Public Record
Aug 21, 2012
$715,000
Public Record
Sep 27, 2005
$1,232,500
Public Record