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    Lake Lanier Waterfront Estate Lot Title is generated by Realmo AI

    3274 Dunlap Drive, Gainesville, GA 30506

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    For Sale
    $980,000

    Rare 0.95-acre lakefront lot with private dock and deep water access.

    Added:
    May 17, 2025
    Days on Market:
    386
    Last Refresh:
    Mar 16 at 9:08 am

    Property Features for 3274 Dunlap Drive

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jonathan Minerick
    Jonathan Minerick

    Listing agent Jonathan Minerick License #B-24350

    Listing office Homecoin.com

    Listing date May 17, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Homecoin.com

    HighLights

    • Prime 0.95‑acre waterfront lot with 219 feet of shoreline and year‑round deep water access.
    • Includes a private 32' x 32' party deck, double‑slip dock.
    • Located in a desirable Gainesville enclave, offering both tranquility and proximity to big open water.
    • Building site allows for enhanced lake views and potential for tree removal to the Corps line; soil, septic analysis, site survey, and topo already performed.
    • Ideal for swimming, kayaking, and fishing with little wake; potential for a future pool and luxurious outdoor living spaces.
    • Close proximity to Chattahoochee Golf Club, Chattahoochee Country Club, downtown Gainesville, NEGA Medical Corridor, Brenau University, shopping, dining, wineries, and parks.

    Overview

    This 0.95-acre waterfront estate lot offers a rare opportunity to build a dream lakefront estate. Located in a desirable Gainesville enclave on Lake Lanier, the property features 219 feet of shoreline along a serene wide cove. A private 32' x 32' party deck and double-slip dock provide year-round deep water access. The building site extends extremely near the water's edge, enhancing lake views and allowing for additional tree removal to the Corps line. Soil, septic analysis, site survey and topo have already been performed. The location is suitable for swimming, kayaking, and fishing, with little wake and unmatched tranquility, yet close to open water. The expansive layout allows for a future pool and luxurious outdoor living spaces, ideal for entertaining. The property is one mile from Chattahoochee Golf Club and five minutes by boat or car to Chattahoochee Country Club, offering pools, tennis, pickleball, a marina, fitness facilities, and fine dining. Downtown Gainesville, the NEGA Medical Corridor, places of worship, Brenau University, shopping, dining, and North Georgia's wineries and parks are a short drive away. This location offers a blend of luxury, tranquility, value, and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.8498
    Latitude
    34.357

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    FAQs

    What type of property is this?
    Residential land & home lot - Rare 0.95-acre lakefront lot with private dock and deep water access.
    Where is this residential land & home lot located?
    The property is located at 3274 Dunlap Drive Gainesville, GA.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: Prime 0.95‑acre waterfront lot with **219 feet of shoreline and year‑round deep water access.**; Includes a **private 32' x 32' party deck, double‑slip dock.**; Located in a desirable Gainesville enclave, offering both tranquility and proximity to big open water.
    (888) 400-2513
    We can help!
    Listing Contact
    Jonathan Minerick
    Jonathan Minerick
    Real Estate License ID: B-24350
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    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.

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    3274 Dunlap Drive, Gainesville, GA 30506
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