Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Lots in Gated Community Title is generated by Realmo AI

    Point Drive, Georgetown, GA 39854

    View on Map
    Claim this Listing
    For Sale
    $39,900

    LAND - Georgetown, GA

    Lot size:
    0.25 Acres
    Added:
    Dec 21, 2020
    Days on Market:
    1989
    Last Refresh:
    Jun 2 at 9:06 am

    Property Features for Point Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Residential lots #21, 22 and 25-31 at The Point at the Lake
    Tax Annual Amount
    420

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    KATHY FREDRICKSON
    KATHY FREDRICKSON

    Listing agent KATHY FREDRICKSON License #303695

    Listing office BAKER REALTY, INC. P.O. BOX 145, EUFAULA, GA

    Listing date Dec 21, 2020

    MLS# 22643 Listing URL

    Copyright © 2026 Eufaula 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

    • Gated community for security and exclusivity.
    • Commanding views of the lake.
    • Ownership includes share in HOA amenities.
    • HOA amenities include boat storage.
    • Enjoy the clubhouse and swimming pool included in the HOA amenities.
    • HOA amenities include community boat dock.

    Overview

    Available are land lots #21, 22, and 25-31, situated within The Point at the Lake, a gated community in Georgetown, GA. The community offers views of the lake. Each lot purchase includes $5,000 ownership in The Point at the Lake HOA amenities, which feature boat storage, a clubhouse, a swimming pool, and a community boat dock. The lot size is approximately 0.25 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Georgetown
    County
    Quitman
    State
    Georgia
    Longitude
    -85.0028
    Latitude
    31.8974

    Nearby Similar for Sale

    • $648,500
      1,664 SF

      Lake Eufaula Waterfront Retreat

      Waterfront property with main home, pool house, and sunset views.
      161 Sunflower Court, Georgetown, GA 39854
      View Details
    • $1,200,000

      Lake Eufaula Waterfront Hunting Land

      100-acre retreat on Lake Eufaula with hunting and recreational potential.
      Cool Branch Road, Georgetown, GA 39854
      View Details
    • $103,500

      Georgetown Land Parcel Near Lake

      8.28 acre land parcel with deeded boat ramp access.
      Lewis Drive lot: #10, Georgetown, GA 39854
      View Details
    • $1,290,000

      Income-Producing Water System in Georgetown

      Established water system with significant monthly revenue in Quitman County.
      Plantation Blvd, Georgetown, GA 31754
      View Details
    • $1,290,000

      Income-Producing Water System Asset

      Established water system in Quitman County, generating monthly revenue.
      Plantation Blvd, , GA 31754
      View Details
    • $116,620

      Georgetown Land Near Lake Eufaula

      13.72-acre parcel with deeded boat ramp access near Lake Eufaula.
      Moore Meadow Drive lot: #22, Georgetown, GA 39854
      View Details
    • $170,085

      Georgetown Land Parcel Near Lake

      20.01 acre land parcel near Lake Eufaula.
      Moore Meadow Drive lot: #23, Georgetown, GA 39854
      View Details
    • $142,050

      Georgetown Land Parcel Near Lake

      28.41 acre land parcel with deeded boat ramp access.
      Tanglewood Trail lot: #2, Georgetown, GA 39854
      View Details
    • $328,850

      Georgetown Land Parcel Near Lake

      65.77 acre parcel with deeded boat ramp access.
      Lewis Drive lot: #6, Georgetown, GA 39854
      View Details
    • $115,300

      Georgetown Land Near Lake Eufaula

      23.06 acre parcel with deeded boat ramp access.
      Tanglewood Trail lot: #1, Georgetown, GA 39854
      View Details
    • $80,875

      Georgetown Land Parcel Near Lake

      6.47 acre parcel with deeded boat ramp access.
      Lewis Drive lot: #11, Georgetown, GA 39854
      View Details
    • $66,700

      Georgetown Land Near Lake Eufaula

      4.44 acre parcel with deeded boat ramp access.
      Lewis Drive lot: #8, Georgetown, GA 39854
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land lots in a gated community with lake views.
    Where is this residential land & home lot located?
    The property is located at Point Drive Georgetown, GA.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Gated community for security and exclusivity.; Commanding views of the lake.; Ownership includes share in HOA amenities.
    (334) 616-1940
    We can help!
    Listing Contact
    KATHY FREDRICKSON
    KATHY FREDRICKSON
    Real Estate License ID: 303695
    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
    Point Drive, Georgetown, GA 39854
    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!