$89,000
●
Land -
Off Market
5969 Watermark Cove
Gainesville, GA 30506
Studio
0 Bath
$133,129
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model
About This Property
WOW! Over 2 acres for under $100,000 with your VERY own boat
slip!! 8 lots to bring your own builder and build your DREAM home!
This is only 1 of the few Lake Lanier subdivisions that INCLUDES
slip at the community dock at no additional charge. The dock
slip will handle a large boat since the slips are 12' wide.
Enjoy the fantastic stone pavilion with a spa overlooking the
lake. GREAT for entertaining and cookouts! Private swimming
pool for Watermark residents is located at the front of the
subdivision. Buy now and build later and start enjoying lake
life today!
Unit Size
-
Days on Market
-
Land Size
2.14 acres
Price per sqft
-
Property Type
Land
Property Taxes
$84
HOA Dues
$167
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 3 years ago (FMLS #5878280)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 20, 2023 | Sold | ||
| Sold | |||
| Sep 15, 2022 | Listed by KELLER WILLIAMS REALTY ATL PART | $129,900 | |
| Listed by KELLER WILLIAMS REALTY ATL PART | |||
| Nov 30, 2020 | Sold | ||
| Sold | |||
| May 15, 2020 | No longer available | - | |
| No longer available | |||
| May 14, 2020 | Listed by Chris McCall Realty, LLC | $74,900 | |
| Listed by Chris McCall Realty, LLC | |||
| | |||
|
Great Opportunity on this 2.14 acres building lot in a Gated Lake Lanier Community with a deeded BOAT SLIP! The community dock is covered with security surveillance and has a party deck / swim platform at one end. The dock slip will handle larger boats up to 12 feet in width & the community has fantastic stone pavilion with a spa overlooking the lake & awesome for entertaining and cookouts. There is a private swimming pool for Watermark residents. Watermark is an 18 lot community with building restrictions of 3500 square feet heated minimum. You may bring your own builder & don't have a time limit to build. Seller is motivated and ready to entertain offers! If you are tired of paying to store your boat, this is a perfect opportunity to invest and own your own place with a Dock Slip!
| |||
Show More
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Hall
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Teresa Smith, KELLER WILLIAMS REALTY ATL PART
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5878280
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5878280
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2026 FMLS.
RH Advisors is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please contact us here.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017