41
Map
5520 Mount Shores Circle
About This Property
Beautifully maintained property near Lake Lanier offering privacy, space, and convenient lake access. Situated on four combined lots totaling approximately one acre, this immaculately kept home provides the perfect blend of comfort and outdoor living. The home features a well-maintained interior with all appliances included, along with a washer and dryer, making it completely move-in ready. Seller is also offering a 9500 watt generator-runs for 12 hours!
The property has been meticulously cared for, reflecting pride of ownership throughout. Outside, you'll find two covered carports providing ample parking and protection for vehicles, boats, or recreational equipment. In addition, there is a storage garage/workshop offering excellent space for tools, lake gear, or hobby use. The spacious lot is surrounded by mature trees and natural beauty, creating a peaceful setting just moments from Lake Lanier, with convenient access to the water for boating, fishing, and lakeside recreation. Whether you're looking for a full-time residence, weekend lake retreat, this rare property near Lake Lanier offers exceptional value and versatility. Property Highlights Located near Lake Lanier with lake access. All appliances included, plus washer and dryer 2 covered carports Storage garage/workshop Quiet, wooded setting Immaculately maintained and move-in ready A wonderful opportunity to enjoy lake living in a peaceful North Georgia setting while still being convenient to Gainesville's shopping, dining, and recreation.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 20, 2026 | Relisted | $192,000 | |
| Relisted | |||
| Sep 18, 2026 | No longer available | - | |
| No longer available | |||
| Aug 26, 2026 | Price Decreased |
$192,000
↓ $27K
(12.3%) | |
| Price Decreased | |||
| May 26, 2026 | Price Decreased |
$219,000
↓ $10K
(4.4%) | |
| Price Decreased | |||
| Apr 12, 2026 | Price Decreased |
$229,000
↓ $10K
(4.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017