Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    166 Ponderosa Lane Waleska, GA 30183

    View on Map
    Claim this Listing
    For Sale
    $74,000

    LAND - Waleska, GA

    Lot size:
    0.71 Acres
    Added:
    Jul 11, 2025
    Days on Market:
    286
    Last Refresh:
    Apr 22 at 5:06 am

    Property Features for 166 Ponderosa Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    22N16 09025
    Lot size
    0.71 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    354

    Utilities

    Utilities
    Cable Available
    Sewer type
    Private Sewer
    Water source
    Private

    We can help!

    Listing Contact
    David Pastush

    Listing agent David Pastush

    Listing office RE/MAX Town & Country 3760 Sixes Road, Suite 108, GA

    Listing date Jul 11, 2025

    MLS# 10562746 Listing URL

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

    Overview

    Land with Panoramic Mountain Views

    This 0.711-acre lot is located in Waleska, Cherokee County, Georgia, within the Lake Arrowhead community. Perched at one of the highest elevations, the property offers panoramic mountain views and western sunsets. Year-round, long-distance southern views extend to the Atlanta skyline. The lot is situated in the Phase One section, surrounded by neighbors and natural beauty. It can accommodate a variety of architectural styles, making it suitable for a mountain retreat or a custom build. Lake Arrowhead is a gated community known for its 540-acre private lake, championship golf course, hiking trails, swimming pools, marina, clubhouse, and pickleball scene. The property is intended for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waleska
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.6043666
    Latitude
    34.3163974

    Nearby Similar for Sale

    • $795,500

      Lakefront Land in Lake Arrowhead

      Rare 10-acre lakefront lot with lake and mountain views.
      Lake Arrowhead Drive, Waleska, GA 30183
      View Details
    • $425,000

      Lake Arrowhead Waterfront Lot

      Deep water lakefront lot in Lake Arrowhead.
      149 Dogwood Court, Waleska, GA 30183
      View Details
    • $425,000

      Lake Arrowhead Waterfront Lot

      Deep water lakefront lot in Lake Arrowhead community.
      149 Dogwood Court, Waleska, GA 30183
      View Details
    • $725,000

      Mountain Retreat with Rental Potential

      Luxurious mountain retreat with rental potential in Lake Arrowhead.
      118 Lakeview Circle, Waleska, GA 30183
      View Details
    • $758,000

      37.9 Acres in Salacoa Valley

      37.9-acre tract in Cherokee County with creek and build sites.
      Hancock Mountain Trail, Waleska, GA 30183
      View Details
    • $650,000

      Waleska, GA 51-Acre Development Opportunity

      51 acres in Waleska, GA, with utilities and mountain views.
      12100 Reinhardt College Parkway, Waleska, GA 30183
      View Details
    • $20,000

      Lake Arrowhead Residential Land

      Gentle-sloped lot in gated community with resort-style amenities.
      114 Lone Bear Drive, Waleska, GA 30183
      View Details
    • $50,000

      Residential Lot in Lake Arrowhead

      0.88-acre residential lot with community amenities and lake access.
      110 Siddiqui Court, Waleska, GA 30183
      View Details
    • $59,000

      Wooded Lot in Gated Community

      Build your dream retreat in Lake Arrowhead's gated community.
      113 Ash Court, Waleska, GA 30183
      View Details
    • $65,000

      Golf Course Lot in Waleska

      Residential lot in gated community with golf and lake access.
      265 Red Cloud Drive, Waleska, GA 30183
      View Details
    • $30,000

      Lake Arrowhead Building Lot

      Oversized lot in gated community with lake and mountain views.
      141 Cherokee Drive, Waleska, GA 30183
      View Details
    • $23,995

      Lake Arrowhead Lot with Views

      0.65-acre lot near lake with amenity-rich community.
      285 Hillside Drive, Waleska, GA 30183
      View Details

    FAQs

    What type of property is this?
    Land - Exceptional lot in Lake Arrowhead with long-distance views.
    Where is this land located?
    The property is located at 166 Ponderosa Lane Waleska, GA.
    What is the asking price?
    The asking price for this property is $74,000.
    What are key features of this property?
    This property features: **Panoramic mountain views and unforgettable sunsets.**; **Long‑distance southern views stretching to the Atlanta skyline.**; Located in the prestigious Phase One section of Lake Arrowhead.
    (912) 227-6351
    We can help!
    Listing Contact
    David Pastush
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!