12 Dogwood Dr Sparta, GA 31087
This 1.65-acre commercial lot in Sparta, Georgia, presents a unique opportunity for development. Located at 12 Dogwood Drive, Hancock County, zip code 31087 (33.2747493, -83.2012815), the property boasts a heavily wooded landscape with a mix of trees and attractive lake views. A neighbor reports water depths ranging from six to nine feet, depending on dock placement. Georgia Power has approved plans for a double boathouse. A favorable soil test is on file for review. The lot is conveniently situated near a community well. Existing homes border the property on both sides. Recent forestry mulching (June 21, 2023) allows for easy access to approximately three-quarters of the lot. Four corner pins clearly mark the boundaries. The property is part of the gated Holiday Shores community, which offers amenities including a volunteer fire department, clubhouse with fitness facilities, pavilion with kitchen, volleyball court, playground, pickleball court, and a helicopter pad with medivac insurance available for $85 annually per family. A boat ramp is also available for residents. High-speed internet options include Viasat, HughesNet, and AT&T DSL. This lot is zoned residential and offers an exceptional opportunity to build a lakefront home within a desirable community. The asking price is $115,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.