Property Location

6010 Pilgrim Point Circle, Cumming GA 30041

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List Price $674,936
Units 1
Est. Cap Rate 0.8%
Est. Cash-on-Cash -20.7%
Price / Unit $674,936
Est. Year 1 Cash Flow $-34,871 after debt service
6010 Pilgrim Point Circle Cumming, GA 30041
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
Rare south Lake Lanier opportunity offering deep water, a large dock, nearly one acre, and an incredibly gentle walk to the shoreline. The easy lake access and highly usable topography make this an ideal setting to build your custom dream lake home in one of Lake Lanier’s most convenient locations. The lot offers plenty of room to create a luxury lakefront retreat with a pool, outdoor living spaces, expanded parking, and additional landscaping. The current dock permit also allows for an upgraded party dock, adding significant long-term value and even more potential to the property. An existing home is currently located on the property, providing options to enjoy the lake now, renovate, use as an investment, or remove and begin planning your future custom build. The home features three bedrooms on the main level, a full basement, a large open kitchen, and multiple decks overlooking the property. Located just off GA-400 near Bald Ridge Marina, this property offers quick access to Costco, Marketplace Boulevard, Cumming City Center, shopping, dining, breweries, Dawsonville, and the North Georgia Premium Outlets. Deep water, a large dock, an easy walk to the lake, and a buildable south-end lot are rarely found together. Bring your builder, your plans, and your vision. They say money cannot buy happiness, but building your dream home on deep water at south Lake Lanier may be the exception.
Investment Notes — Cumming
  • Located in the Cumming, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $674,936 Verified
Est. Cap Rate 0.82% Modeled
Est. Cash-on-Cash -20.67% Modeled
Est. Gross Income $12,595 Modeled
Est. NOI $5,542 Modeled
Est. Year 1 Cash Flow $-34,871 after debt service (25% down / 7% / 30-yr) Modeled
Confidence scores included Latest FMLS data Transparent modeling
Investment Calculator

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51%
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30 yrs
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Effective Gross Income
Operating Expenses
Net Operating Income (NOI)
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Jeff’s Investment Take

Further review recommended before moving forward.

Est. Cap0.8%
Est. CoC-20.7%
Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7809489 · Listing courtesy of Keller Williams Realty Community Partners, Joseph Benedetto · 678-341-7400

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily