There are some really good opportunities to purchase homes located on Lake Lanier in Gainesville, GA. The other day I came across a beautiful listing at the prestigious Pointe South Subdivision. Pointe South is located off Mcever Road in the West Hall High School District. The price range for Pointe South starts from $550k up to 2 million. This particular listing is a foreclosed home that contains 6 bedrooms and 6 1/2 baths. The tax records are reporting the sq.ft around 8000 sq.ft. This house once sold at 1 million back in 2005 but is currently on the market for $729,900! Although it does not sit directly on the lake it does have wonderful views of Sunset Marina. 
The best feature is that is has a ton of windows with 2 levels of outdoor balcony space for entertaining. It also a 3 car garage and 2 master suites. This home was built in 2003 and is in prime condition. In a good market this home probably would sell for 1.1 million, if not more!
There are also a couple other higher priced homes at Pointe South worth mentioning as well. Both of these homes have private slip docks and have direct access to the lake, they both have deep water too! The first home is a 5 bedroom house priced at $1.59 million with a 7 car garage and a swimming pool. The second home is a 7 bedroom home priced at 1.9 million with pool and hot tub. Both homes have drastically reduced their pricing.
To sum, it is great time to purchase a home in Gainesville GA! Here is a list of all the homes for sale in Gainesville GA .