Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Calloway Cove Road Hiawassee, GA 30546

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at Calloway Cove Road, Hiawassee, GA
    For Sale
    $68,000

    Vacant Lot - Hiawassee, GA

    Lot size:
    5.06 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    13
    Last Refresh:
    May 6 at 11:06 pm

    Property Features for Calloway Cove Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0083-061C
    Lot size
    5.06 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kena Murphy

    Listing agent Kena Murphy

    Listing office Atlanta Communities - West Cobb 3405 Dallas Highway, #700, Atlanta, GA

    Listing date Apr 24, 2026

    MLS# 418978 Listing URL

    Copyright © 2026 Northeast Georgia 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

    • 5.06 acre property
    • Gated community provides security and exclusivity
    • Private and wooded community
    • Pond access
    • Lite restrictions
    • Great area to build weekend getaway

    Overview

    Hiawassee Vacant Land in Gated Community

    This property features 5.06 acres of land situated within a gated community. The community offers a private and wooded environment, including a pond. The property is located in Hiawassee, Georgia, within Towns County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hiawassee
    County
    Towns
    State
    Georgia
    Longitude
    -83.7573948
    Latitude
    34.9492586

    Nearby Similar for Sale

    • $599,900

      HIAWASSEE Retail Opportunity on Main

      Commercial building with showrooms, kitchenette, and high visibility location.
      46 N Main Street, HIAWASSEE, GA 30546
      View Details
    • $300,000
      2,664 SF

      Hiawassee Commercial Property For Sale

      Thriving convenience store near Lake Chatuge and downtown Hiawassee.
      1825 Streak Hill Road, Hiawassee, GA 30546
      View Details
    • $599,000
      2,304 SF

      Prime Corner Commercial Opportunity

      High-traffic corner lot in Hiawassee, suitable for retail/restaurant.
      81 River Street N, Hiawassee, GA 30546
      View Details
    • $599,000

      Prime Corner Lot in Hiawassee

      Corner lot ideal for restaurant, retail, or mixed-use development.
      81 River Street, Hiawassee, GA 30546
      View Details
    • $365,000

      Mountain Retreat in Bald Mountain

      Multi-level home ideal for family getaway or income property.
      4113 White Oak Drive, Hiawassee, GA 30546
      View Details
    • $3,499,900

      Lakefront Resort Investment Opportunity

      Turnkey resort on Lake Chatuge, North Georgia Mountains.
      834 Lower Bell Creek Road, HIAWASSEE, GA 30546
      View Details
    • $310,000

      Lakefront Lot in Hiawassee, GA

      Lakefront lot with dock, flat access, and year-round views.
      Lt 16 Omega Way, Hiawassee, GA 30546
      View Details
    • $1,500,000

      Prime Commercial Land in Hiawassee

      Exceptional commercial development opportunity in a growing mountain market.
      200 Highway 76, Hiawassee, GA 30546
      View Details
    • $27,000

      Hiawassee Vacant Lot with Views

      Build your dream home with mountain views near Lake Chatuge.
      Lt17 Mill Ridge Road, Hiawassee, GA 30546
      View Details
    • $59,900

      Hiawassee, GA Commercial Lot

      Vacant commercial lot in Hiawassee, Georgia with great access.
      Smith Street, Hiawassee, GA 30546
      View Details
    • $159,900

      Hiawassee Mountain Property with Lake Views

      3.28 acres with lake and mountain views near amenities.
      Frog Pond Road, Hiawassee, GA 30546
      View Details
    • $99,000

      Hiawassee Vacant Lot with Mountain Views

      Exceptional lot with mountain and lake views in Bell Meadows.
      Lot 34 Carlin Road, Hiawassee, GA 30546
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.06 acres in a private, wooded, gated community.
    Where is this residential land & home lot located?
    The property is located at Calloway Cove Road Hiawassee, GA.
    What is the asking price?
    The asking price for this property is $68,000.
    What are key features of this property?
    This property features: 5.06 acre property; Gated community provides security and exclusivity; Private and wooded community
    (770) 403-3333
    We can help!
    Listing Contact
    Kena Murphy
    Real Estate License ID: 300475
    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

    Thank You for Inquiry
    Calloway Cove Road, Hiawassee, GA 30546
    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!