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    118 Lakeview Circle Waleska, GA 30183

    View on Map
    For Sale
    $725,000

    MULTI_FAMILY - Waleska, GA

    Property size:
    6,000 SF
    Lot size:
    0.28 Acres
    Added:
    Oct 31, 2025
    Days on Market:
    154
    Last Refresh:
    Apr 2 at 11:06 pm

    Property Features for 118 Lakeview Circle

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    3
    Parking features
    Driveway, Garage
    Window features
    Double Pane Windows, Insulated Windows
    Fencing
    Privacy
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    22N16 12026
    Size
    6,000 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    4317

    Utilities

    Utilities
    Water Available
    Heating system
    Central, Forced Air
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Private

    Building Details

    Year built
    2007
    Floors in Building
    3
    Number of units
    1
    Flooring type
    Tile, Carpet, Hardwood
    Building materials
    Cement Siding, HardiPlank Type
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    Kathryn Valor
    Kathryn Valor

    Listing agent Kathryn Valor

    Listing office Keller Williams Realty Partners 722 Stonecroft Lane, Woodstock, GA

    Listing date Oct 31, 2025

    MLS# 7674170

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mountain Retreat with Rental Potential

    This custom-built craftsman-style property, located in the gated Lake Arrowhead community, offers potential as a short-term rental or personal retreat. The 6,000 square foot home features five bedrooms and five bathrooms. The open concept floor plan includes two living rooms, each equipped with a stone gas-start fireplace, an oversized dining room, and a chef's kitchen with two sinks, an oversized island, and high-end appliances. An elevator provides access to all floors, including the primary suite, which features a private balcony, fireplace, sitting room, and a spa-inspired bathroom with dual vanities, a jetted soaking tub, a walk-in shower, and an expansive closet. The finished terrace level includes a full kitchenette, built-in dehumidifier, living room, and a private bedroom suite. Residents have access to community amenities such as golf, boating, multiple pools, pickleball, tennis, hiking trails, a marina, a dog park, and community events. The property is positioned to capture lake and mountain views. The lot size is 0.2817 acres. The property is located in Waleska, Georgia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hotel & Motel Garden Center Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waleska
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.5978298
    Latitude
    34.31328

    FAQs

    What type of property is this?
    Short term rental property - Luxurious mountain retreat with rental potential in Lake Arrowhead.
    Where is this short term rental property located?
    The property is located at 118 Lakeview Circle Waleska, GA.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Projected $135,000 annual short‑term rental income.; Located in the gated Lake Arrowhead community with access to golf, boating, multiple pools, pickleball, tennis, hiking trails, a marina, and more.; Features a custom elevator for accessibility on all floors.
    (678) 494-0644
    We can help!
    Listing Contact
    Kathryn Valor
    Kathryn Valor
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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