2997 Co Rd Wedowee, AL 36278
This exceptional 15+ acre property on Lake Wedowee in Randolph County, Alabama presents a unique investment opportunity. Boasting over 900 feet of picturesque cove shoreline and 972 feet of paved road frontage on Co Rd 129 (address: 2997 Co Rd 129, Wedowee, AL 36278), this unrestricted and developable land offers unparalleled versatility. The gently sloping terrain and existing interior road system facilitate various development options, including multi-home residential projects, boat storage facilities, or a private estate. Its proximity to the Lonnie White Boat Ramp (a quarter-mile away) adds significant convenience. The property's location combines accessibility with the serene beauty of Lake Wedowee, making it ideal for developers, entrepreneurs, or families seeking a secluded lakefront haven. The asking price is $1,650,000. This is a rare chance to acquire a prime piece of Lake Wedowee real estate with significant potential for future growth and return on investment. The property is zoned for Commercial, Hunting/Recreational, and Residential uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.