Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Smith Lake Waterfront Land Title is generated by Realmo AI

    LOT 14 THE LEGENDS, Arley, AL 35541

    View on Map
    Claim this Listing
    New
    For Sale
    $129,000

    Land - Arley, AL

    Lot size:
    0.50 Acres
    Added:
    May 29, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 2 at 12:06 am

    Property Features for LOT 14 THE LEGENDS

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    No Zoning
    Standard status
    Active
    APN
    67 12 01 12 0 200 001.021
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    508.48

    Utilities

    Water front features
    Brushy Creek, 125+/- Feet Of Waterfrontage, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Justin Dyar

    Listing agent Justin Dyar License #000079039

    Listing office Lake Homes Realty P. O. Box 292, Crane Hill, AL 35053, Pelham, AL

    Listing date May 29, 2026

    MLS# 26-1155 Listing URL

    Copyright © 2026 Walker County Area Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront property on Smith Lake (Brushy Creek) with dock in place for immediate lake access and enjoyment.
    • Gentle slope to the water.
    • Located in The Legends subdivision.
    • Easy access to Chef Troy's Restaurant and the town of Arley.
    • Close proximity to excellent surfing and wakeboarding water.

    Overview

    This 0.5-acre waterfront land is located in The Legends subdivision on Smith Lake (Brushy Creek), offering a ready-to-build opportunity with a dock already in place. Situated conveniently between Arley and Houston in Winston County, Alabama, the lot provides easy access to Chef Troy's Restaurant and the town of Arley. The property features a gentle slope towards the water. The location is near a boat launch and offers access to prime surfing and wakeboarding waters just around the bend.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Arley
    County
    Winston
    State
    Alabama
    Longitude
    -87.218973
    Latitude
    34.107803

    Nearby Similar for Sale

    • $389,000

      Smith Lake Waterfront Land

      Waterfront lot with dock, boat lift, and swim pier.
      767 BENDABOUT Ln, Arley, AL 35541
      View Details
    • $750,000

      Premier Waterfront Land on Smith Lake

      Exceptional Smith Lake property with 400' waterfront and two acres.
      33 COUNTY ROAD 3938, Arley, AL 35541
      View Details
    • $98,000

      Unrestricted Waterfront Lot on Smith

      Unrestricted waterfront lot on Rock Creek, ready to build.
      458 County Road 4036, Arley, AL 35541
      View Details
    • $99,900

      Unrestricted Waterfront Lot on Smith

      Unrestricted 0.5 acre waterfront lot ready for building.
      458 CO RD 4036, Arley, AL 35541
      View Details
    • $120,000

      Unrestricted Land Near Smith Lake

      10+/- acres, partially cleared, ready to build near Smith Lake.
      0000 HELICON Rd, Arley, AL 35541
      View Details
    • $289,000

      Arley, AL Land with Waterfront

      Unrestricted land with lake views and seasonal waterfront access.
      BRUSHY Ln, Arley, AL 35541
      View Details
    • $180,000

      Waterfront Land in Arley, Alabama

      Permitted waterfront lot in desirable Arley Landing neighborhood.
      LOT #12 ARLEY LANDING, Arley, AL 35541
      View Details
    • $159,000

      Unrestricted Waterfront Land in Arley

      3.14 acres of unrestricted waterfront land on Smith Lake.
      County Road 3782 lot: 11, Arley, AL 35541
      View Details
    • $1,475,000

      Smith Lake Waterfront Point Lot

      Prime 2.5-acre waterfront property on Smith Lake's main channel.
      1167 COUNTY ROAD 3945, Arley, AL 35541
      View Details
    • $235,000

      Smith Lake Waterfront Land

      Three-acre waterfront land with rock outcroppings and a cave.
      536 COUNTY ROAD 3902, Arley, AL 35541
      View Details
    • $129,000

      Waterfront Lot Near Duncan Bridge

      Gently sloping waterfront lot with mature woods near marina.
      LOT 8 WINDING CREEK LANE, ARLEY, AL 35541
      View Details
    • $450,000

      Waterfront Lot in Rock Ridge

      Vacant waterfront lot in Arley, Alabama's Rock Ridge Subdivision.
      LOT #2 ROCK RIDGE LANE, Arley, AL 35541
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Ready-to-build waterfront lot with dock on Smith Lake.
    Where is this waterfront land located?
    The property is located at LOT 14 THE LEGENDS Arley, AL.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: Waterfront property on Smith Lake (Brushy Creek) with dock in place for immediate lake access and enjoyment.; Gentle slope to the water.; Located in The Legends subdivision.
    (205) 468-6375
    We can help!
    Listing Contact
    Justin Dyar
    Real Estate License ID: 000079039
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    LOT 14 THE LEGENDS, Arley, AL 35541
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!