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    242 Lokey Dr Wilsonville, AL 35186

    Under Contract
    For Sale
    $154,900

    Lots - WILSONVILLE, AL

    Lot size:
    3.95 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 9 at 1:06 pm

    Property Features for 242 Lokey Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    3.95 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Keller Williams Realty Metro South (205) 605-1000 [email protected]

    Listing agent Susan Wiggonton (205) 605-1000

    Listing date Nov 23, 2025

    MLS# 21420248 Listing URL

    Copyright © 2025 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Lot on Lay Lake

    This 3.95-acre property, designated as Lot 21, offers an opportunity for lake living with 700 feet of waterfront. The lot is partially cleared and perc tested, making it suitable for building a home. It is located on Bulley Creek Cove, providing a tranquil waterside environment. Power, water, and 5G internet are accessible. The property is part of a Lay Lake community and is positioned to offer sunset views. It is intended for residential use, allowing for the construction of a boathouse, boat slip, or fishing pier.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wilsonville
    County
    Shelby
    State
    Alabama
    Longitude
    -86.498712
    Latitude
    33.199809

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    FAQs

    What type of property is this?
    Land - 3.95 acre waterfront lot ready for your dream home.
    Where is this land located?
    The property is located at 242 Lokey Dr Wilsonville, AL.
    What is the asking price?
    The asking price for this property is $154,900.
    What are key features of this property?
    This property features: - 700 feet of waterfront on Lay Lake (Bulley Creek Cove). Imagine the possibilities!; - 3.95 acre cleared, build-ready lot.; - Perc tested and ready for construction.
    (205) 605-1000
    Request Owner's contact information
    242 Lokey Dr Wilsonville, AL 35186
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    Wilsonville, AL 35186
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    Realmo Value Estimation

    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.

    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.

    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
    242 Lokey Dr Wilsonville, AL 35186
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