28
Map
Listing Courtesy of: STEVE YAMBOR, Big Canoe Brokerage, LLC., 706-268-3333
$120,000
●
Land -
For Sale
37 Petit Ridge Drive
Big Canoe, GA 30143
Studio
0 Bath
$995
Est. Monthly
$267
HOA / Fees
About This Property
A stunning, very private, 4.9-acre estate home site with beautiful
views of Lake Petit and long range mountains. Located adjacent to
home at 1625 Petit Ridge that sold in December 2024 for $1.495m.
Home at lot 37 Petit Ridge will have similar driveway and buildable
knoll. The uphill slope provides multiple prime building sites to
maximize these picturesque vistas. A Level 3 test on file confirms
several buildable locations. Located in the prestigious Big Canoe
community, nestled in the foothills of the North Georgia mountains.
This private residential mountain retreat offers resort-style
amenities and is conveniently located just an hour from Atlanta.
Buyer to verify all information and dimensions deemed important.
Unit Size
-
Days on Market
-
Land Size
4.90 acres
Price per sqft
-
Property Type
Land
Property Taxes
$138
HOA Dues
$267
Year Built
-
Listed By
Steve Yambor
Big Canoe Brokerage, LLC.
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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: 4 months ago (FMLS #7798602)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2026 | Listed by Big Canoe Brokerage, LLC. | $120,000 | |
| Listed by Big Canoe Brokerage, LLC. | |||
| Oct 24, 2022 | No longer available | - | |
| No longer available | |||
| Apr 22, 2022 | Listed by HARRY NORMAN REALTORS | $249,000 | |
| Listed by HARRY NORMAN REALTORS | |||
| | |||
|
VIEW! VIEW! VIEW! This is a rare opportunity to have a spectacular view of Lake Petit and every mountain in Big Canoe from this very private 5+- acre estate lot. There are no other remaining lots with this view for your dream home so don't miss out! This is mountain living at its best. Come home to the beautiful Blue Ridge Mountains of Big Canoe. ***At the time a certificate of occupancy is issued, a $3,000 Capital Contribution will be paid to the Big Canoe POA.
| |||
| Apr 20, 2022 | No longer available | - | |
| No longer available | |||
| Apr 20, 2021 | Listed by HARRY NORMAN REALTORS | $275,000 | |
| Listed by HARRY NORMAN REALTORS | |||
| | |||
|
VIEW! VIEW! VIEW! This is a rare opportunity to have a spectacular view of Lake Petit and every mountain in Big Canoe from this very private 5+- acre estate lot. There are no other remaining lots with this view for your dream home so don't miss out! This is mountain living at its best. Come home to the beautiful Blue Ridge Mountains of Big Canoe.
| |||
Property Highlights
Exterior Details
Security Features: Security Gate
Waterfront Features: None
Waterbody Name: Other
Other Structures: None
Lot Features: Private, Sloped, Mountain Frontage
Lot Size Area: 213444
Lot Size Units: Square Feet
Lot Size Acres: 4.9
Lot Size Square Feet: 213444
Lot Size Dimensions: x
Tax Lot: 0037
Financial Details
Tax Annual Amount: $1,659
Location Details
HOA Fee: $3,204
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Pickens
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Listed by: STEVE YAMBOR, Big Canoe Brokerage, LLC.
Last Updated: 4 months ago
Data Source: FMLS, MLS# 7798602
Last Updated: 4 months ago
Data Source: FMLS, MLS# 7798602
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