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    Large Lakefront Tract in Hiawassee Title is generated by Realmo AI

    314 Lakeside Drive, Hiawassee, GA 30546

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    Claim this Listing
    For Sale
    $4,200,000

    8.24 acre lakefront tract in downtown Hiawassee, Georgia.

    Type:Land or Vacant Lot
    Lot size:
    8.24 Acres
    Added:
    Dec 8, 2025
    Days on Market:
    177
    Last Refresh:
    May 10 at 9:11 pm

    Property Features for 314 Lakeside Drive

    General Information

    Standard status
    Active
    Lot size
    8.24 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    Bill Herold
    Bill Herold

    Listing agent Bill Herold License #68404

    Listing office RE/MAX Hiawassee Realty

    Listing date Dec 8, 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 RE/MAX Hiawassee Realty

    HighLights

    • Large 8.24 acre unrestricted lakefront tract in downtown Hiawassee.
    • Approximately 400+ feet of frontage on Lake Chatuge.
    • Potential for private estate, multifamily development, or separate lakefront/lakeview lots.
    • Gentle slope from lake frontage to level hilltop with lake views.
    • Located on the main channel of Lake Chatuge with long‑range mountain views.
    • Mostly open land with scattered large trees.

    Overview

    This unique 8.24-acre unrestricted lakefront tract is located in the heart of downtown Hiawassee, Georgia. The property features a gentle slope rising from the frontage on Lake Chatuge to an almost level hilltop. An old vacant brick lake view home and a small 2-room cottage are situated on the hilltop. An old barn is also located on the property at the top. The land is mostly open with scattered large trees and approximately 400 plus feet of frontage on the main channel of the lake, offering long-range mountain views. This property could be used as a private lakefront estate, a multifamily development, or separate lakefront lots with lakeview lots above. Lake Chatuge is a TVA high elevation lake with 132 miles of shoreline. The property is available to be shown and accessed anytime.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hiawassee
    County
    Towns
    State
    Georgia
    Longitude
    -83.7555
    Latitude
    34.946

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    FAQs

    What type of property is this?
    Waterfront Land - 8.24 acre lakefront tract in downtown Hiawassee, Georgia.
    Where is this waterfront land located?
    The property is located at 314 Lakeside Drive Hiawassee, GA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: Large 8.24 acre unrestricted lakefront tract in downtown Hiawassee.; Approximately 400+ feet of frontage on Lake Chatuge.; Potential for private estate, multifamily development, or separate lakefront/lakeview lots.
    (706) 781-4612
    We can help!
    Listing Contact
    Bill Herold
    Bill Herold
    Real Estate License ID: 68404
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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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    314 Lakeside Drive, Hiawassee, GA 30546
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