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    County Road 258 Clanton, AL 35045

    For Sale
    $368,900

    1.5-Acre Waterfront Island Paradise

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.5-acre island property on picturesque Lake Mitchell near Gilchrest and Rock Island, Alabama, presents a unique investment opportunity. Priced at $368,900 ($245,933/acre), this gently sloping land boasts approximately 230 feet of desirable waterfront. The property encompasses lots 3, 4, and 5, offering stunning lake views and a tranquil setting. An older, two-story lake house is situated on the property and is currently used on weekends

    Property Features for 0 County Road 258

    General Information

    Property type
    Private islands
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre waterfront property on Lake Mitchell near Gilchrest and Rock Island, Alabama, priced at $368,900.
    • Approximately 230 feet of waterfront with gentle slope.
    • Includes lots 3, 4, and 5, offering stunning lake views.
    • Features an existing two‑story lake house.
    • Additional lots may be available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Private islands

    Map

    City
    Clanton
    County
    Chilton
    State
    Alabama
    Longitude
    -86.681253
    Latitude
    32.7872186

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    FAQs

    What type of property is this?
    Private island - 1.5-Acre Waterfront Island Paradise
    Where is this private island located?
    The property is located at County Road 258 Clanton, AL.
    What is the asking price?
    The asking price for this property is $368,900.
    What are key features of this property?
    This property features: 1.5-acre waterfront property on Lake Mitchell near Gilchrest and Rock Island, Alabama, priced at $368,900.; Approximately 230 feet of waterfront with gentle slope.; Includes lots 3, 4, and 5, offering stunning lake views.
    Request Owner's contact information
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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
    County Road 258 Clanton, AL 35045
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