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Map
Listing Courtesy of: Kim Waters, The Norton Agency, 770-532-0022
$179,900
●
Land -
For Sale
5782 Ridgewater Circle
Gainesville, GA 30506
Studio
0 Bath
$1,070
Est. Monthly
$42
HOA / Fees
About This Property
Wake each morning to year-round views of Lake Lanier from your
custom home in the desirable Ridgewater on Lanier community. This
gently sloping homesite offers an easy building envelope, a water
tap already in place, and a peaceful, park-like walk to the waters
edge. Spend your days kayaking, paddleboarding, fishing, or simply
enjoying the beauty of Lake Lanier, then return home to enjoy
Ridgewater's pool and tennis amenities that include a platform dock
for neighborhood use only. It's just minutes from GA 400,
shopping, restaurants, and medical facilities, this property offers
the perfect combination of a lake lifestyle and onvenience.
Unit Size
-
Days on Market
-
Land Size
0.73 acres
Price per sqft
-
Property Type
Land
Property Taxes
$145
HOA Dues
$42
Year Built
-
Listed By
Kim Waters
The Norton Agency
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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: 3 months ago (FMLS #7806538)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 17, 2026 | Listed by The Norton Agency | $179,900 | |
| Listed by The Norton Agency | |||
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 11, 2025 | In contract | - | |
| In contract | |||
| Apr 16, 2025 | Price Decreased |
$165,000
↓ $10K
(5.7%) | |
| Price Decreased | |||
| Mar 4, 2025 | Listed by Keller Williams Realty Atlanta Partners | $175,000 | |
| Listed by Keller Williams Realty Atlanta Partners | |||
| | |||
|
Ridgewater is a premier lakefront community near Dawsonville’s shopping district and the NGMC Lumpkin hospital. This 0.73-acre lot features a low corp line, a gentle slope to the water and privacy in a lush setting. Enjoy easy access to North Georgia Premium Outlets, new restaurants, and Toto Creek Park & Boat Ramp. The community dock is just two lots away, plus Ridgewater offers swim & tennis amenities and architectural controls. Schedule your private showing today!
| |||
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Property Highlights
Exterior Details
Security Features: None
Waterfront Features: Lake Front
Waterbody Name: Lanier
Other Structures: None
Lot Features: Private, Rectangular Lot
Lot Size Area: 31798.8
Lot Size Units: Square Feet
Lot Size Acres: 0.73
Lot Size Square Feet: 31798.8
Lot Size Dimensions: 275 x 114
Tax Lot: 31
Financial Details
Tax Annual Amount: $1,739
Location Details
HOA Fee: $500
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Hall
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Listed by: Kim Waters, The Norton Agency
Last Updated: 3 months ago
Data Source: FMLS, MLS# 7806538
Last Updated: 3 months ago
Data Source: FMLS, MLS# 7806538
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