Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    149 Carolyn Dr Eatonton, GA 31024

    Sponsored
    For Sale
    $725,000

    Land - Eatonton, GA

    Type:Single Family Residence
    Lot size:
    0.90 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 11 at 12:06 pm

    Property Features for 149 Carolyn Dr

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    Residential
    APN
    120A007
    Pool private
    1
    Exterior features
    Boat Ramp, Clubhouse, Gated, Gym/Exercise Facility, Marina, Playground, Pool, Tennis Courts, Walking Trails, Pickleball Courts
    Fencing
    Gate
    Lot size
    0.90 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other
    Additional Structures
    Tennis Court(s)

    We can help!

    Listing Contact
    Riezl Baker

    Luxury Lake Oconee, LLC (706) 340-5554

    Listing agent Riezl Baker (706) 453-9243

    Listing date Feb 10, 2026

    MLS# 70260 Listing URL

    Copyright © 2026 Lake Country Board of Realtors, Inc (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lakefront Lot in Reynolds Community

    Located within the Great Waters community at Reynolds Lake Oconee, this residential lot spans approximately 0.9 acres. The property is positioned as a suitable site for building a home. A $50,000 credit is available for a dock and boat lift. GA Power has approved a wharf dock and boat lift. The lot is situated at the end of a cul-de-sac and is bordered by undeveloped woodlands, offering privacy. Community amenities, including a golf course, clubhouse, pool, tennis courts, dining options, a gym, and a playground, are located nearby. The Ritz Carlton and other Reynolds amenities are accessible by boat. Membership is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Pharmacy Hotel & Motel Storage Facility Bar & Pub Bed & Breakfast Plumbing Service Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Eatonton
    County
    Putnam
    State
    Georgia
    Longitude
    -83.23604
    Latitude
    33.397884

    Nearby Similar for Sale

    • $695,000
      6,762 SF

      Mixed-Use Building in Eatonton, GA

      Mixed-use building with loft apartment and restaurant/bar space.
      117 N Jefferson Ave, Eatonton, GA 31024
      View Details
    • $4,895,000
      30,000 SF

      Watersport/RV Dealership in Lake Oconee

      Like new 30,000 SF commercial space in Eatonton, GA.
      804 Harmony Rd, Eatonton, GA 31024
      View Details
    • $4,895,000
      30,000 SF

      Watersport/RV Dealership in Lake Oconee

      Like-new commercial space in Lake Oconee business district.
      804 Harmony Rd, Eatonton, GA 31024
      View Details
    • $899,000
      14,536 SF

      Versatile Warehouses on 1.25 Acres

      Two warehouses totaling 14,536 SF on 1.25 acres.
      321 S Jefferson Ave, Eatonton, GA 31024
      View Details
    • $299,000
      2,200 SF

      Renovated Office Building in Eatonton

      Recently renovated office building in historic downtown Eatonton, Georgia.
      105 S Jefferson Ave, Eatonton, GA 31024
      View Details
    • $349,900
      1,780 SF

      Refreshed Home in Reynolds Lake

      2-bedroom home with flex space in Great Waters community.
      114 Edgewood Ct, Eatonton, GA 31024
      View Details
    • $449,000
      1,969 SF

      Charming Townhome in Reynolds Lake

      Inviting 3BR/3BA townhome in Great Waters subdivision.
      118 Edgewood Ct, Eatonton, GA 31024
      View Details
    • $299,000
      4,940 SF

      Eatonton Commercial Building For Sale

      4,800+ sq ft commercial building suitable for multiple uses.
      121 Coleman Dr, Eatonton, GA 31024
      View Details
    • $139,000
      0.93 Acres

      Lakefront Lot on Lake Sinclair

      Lakefront lot with deep water and sweeping views.
      492 Pne Hl Way, Eatonton, GA 31024
      View Details
    • $432,000
      0.21 Acres

      Downtown Eatonton Office Building

      Office building in downtown Eatonton with private offices and amenities.
      112 S Madison Ave, Eatonton, GA 31024
      View Details
    • $99,900
      0.07 Acres

      Lake Oconee Lot with Camper

      Lot with camper, carport, and lake access in Eatonton.
      Oconee Cir, Eatonton, GA 31024
      View Details
    • $550,000
      1.00 Acre

      Eatonton Commercial Property For Sale

      Commercial property in Eatonton, GA, with diverse potential uses.
      104 Lakeview Dr, Eatonton, GA 31024
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Lakefront lot with dock credit in Reynolds Lake Oconee.
    Where is this residential land & home lot located?
    The property is located at 149 Carolyn Dr Eatonton, 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: - Lakefront lot in Great Waters community with GA Power approval for wharf dock and boat lift.; - **$50,000 credit available for dock and boat lift.**; - Unmatched privacy due to cul-de-sac location and bordering undeveloped woodlands.
    (706) 347-2625
    Request Owner's contact information
    149 Carolyn Dr Eatonton, GA 31024
    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.
    149 Carolyn Dr
    Eatonton, GA 31024
    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
    149 Carolyn Dr Eatonton, GA 31024
    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

    We can help!
    Listing Contact
    Riezl Baker
    Real Estate License ID: 243063
    (706) 347-2625
    Learn more
    Google sign-in failed. Please try again or use another login method.