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Liberty 31320 Lake George
1250 Lake Drive
$262,000
● House - Off Market

1250 Lake Drive

Midway, GA 31320
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,298 Ft²
$1,664
Est. Monthly
8.11%
Cap Rate

About This Property

Welcome to 1250 Lake Dr!!! This fully remodeled home sits on a spacious .76-acre lot in Lake George and offers access to a community dock and boat ramp.  The home features 3 bedrooms, 2 bathrooms, brand new roof, new flooring throughout and new quartz counter tops in bathrooms and kitchen.  There's also a separate dining area right off the kitchen which has  plenty of cabinet space, a modern tiled backsplash, and upgraded stainless steel appliances.  Sunroom with lots of natural light leading to large backyard.  Located in a peaceful community with both saltwater and freshwater access, this home provides the ideal blend of tranquility and outdoor lifestyle-with no HOA fees and no flood insurance required!
Unit Size
1,298 Ft²
Days on Market
41 days
Land Size
0.76 acres
Price per sqft
$202
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1997

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (GAMLS #10541836)

Price History

Date / Event Date Event Price
Jul 23, 2025 Sold
Premium
Sold
Jun 21, 2025 In contract -
In contract
Jun 12, 2025 Listed $262,500
Listed
Mar 17, 2008 Sold
Premium
Sold
Feb 27, 2007 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 24
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,106
  • Lot Size Depth Feet: 2,990
  • Lot Size Frontage Feet: 1,800
  • Total Building Area: 1,298
  • Building Area: 1,298
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,298
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE GEORGE IL
  • Land Acres: 0000000760
  • Standard Land Use Code: 1001
  • County Land Use Code: 001
  • Legal Description 1: LOT 37 SEC N LAKE GEORGE OLD LIMERICK PLANTAT

Neighborhood

  • School District Name: Liberty County School District
  • School Tax School District: COUNTY
  • Census Tract: 010501

Zoning

  • Zoning: R12

Geography

  • Account Number: 19968
  • Section: N
  • Parcel: 260B 072
  • Lot: 37
  • Municipality: COUNTY
  • Latitude: 31.8356
  • Longitude: -81.3689

    Address

  • Full Address: 1250 Lake Dr
  • Address - House Number: 1250
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Midway
  • Carrier Code: R002
  • 4-Digit Zip Code: 6974
  • Zip Code: 31320

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $332,537
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.165
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 262,129
  • High Value: 305,393
  • Low Value: 218,866

    Market Valuation

  • Market Total Value: $204,123
  • Market Land Value: $35,490
  • Market Improvement Value: $168,633

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $81,649
  • Assessed Land Value: $14,196
  • Assessed Improvements Value: $67,453

    Sales

  • Current Sale Contract Date: Mar 17, 2008
  • Current Sale Recording Date: Mar 17, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2008-000522
  • Previous Sale Recording Date: Feb 27, 2007
  • Previous Sale Contract Date: Feb 27, 2007
  • Previous Sale Amount: $132,900
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lake George

Stats & Trends

Median Asking:

$250,000

Sale Price/ft²

$138

Below Asking

0.05%

Average Days on Market

76

Average Home Size

603 ft²

Average Home Age

37.3 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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GAMLS

Listed by: LaFonya Mayfield,
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10541836
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1250 Lake Drive built and last sold?
The property at 1250 Lake Drive was built in 1997 and last sold on Mar 17, 2008 for $141,000.
How much is this home worth?
The estimated value of the home located at 1250 Lake Drive is $0.
What are some comparable homes to 1250 Lake Drive?
There are currently no comparable homes to 1250 Lake Drive.
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