1 / 27

Property Location

208 Lake Pointe Drive, Gainesville GA 30506

Interactive Map

Open in Google Maps →

List Price $695,000

Units 1

Price / Unit $695,000

Est. Year 1 Cash Flow $-34,088 after debt service

208 Lake Pointe Drive Gainesville, GA 30506

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

Rare opportunity to build your custom lakefront estate on one of Lake Lanier’s most prestigious and tranquil streets. Located at 208 Lake Pointe Drive, this prime .61 acre waterfront lot features 109 feet of CORPS frontage, and is nestled within an upscale enclave of luxury homes. Adjacent .88 acre lot is also available at $650,000. Enjoy long-range lake views and deep-water access perfect for fishing, kayaking, and rowing right from your backyard. Boaters here store their boat at the close by prestigious Chattahoochee Country Club Marina. The location provides the perfect balance of seclusion and convenience, situated just minutes from the vibrant shopping and dining of downtown Gainesville. Boating, golf and social enthusiasts will appreciate being only 1.5 miles from the Chattahoochee Country Club, offering a marina, golf course, tennis, pickle ball, swimming, and fine dining. This is a unique chance to secure a footprint in one of the lake’s most desirable areas. Local builder and design firm AR Homes, has designed a "to be built" design, The Keystone plan, for this home priced at $1,948,321. See photos and floor plan below. AR Home models similar to this plan are open and available locally to be viewed. Ask listing agent for more information. No builder restrictions in this location.

Investment Notes — Gainesville

Located in the Gainesville, 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

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

Price per Unit $695,000 Verified

 Est. Year 1 Cash Flow  $-34,088  after debt service (25% down / 7% / 30-yr)  Modeled   

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario.

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month Enter your estimate

Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

46%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Gainesville. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Inquire for Details

Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Other Gainesville, GA multifamily properties currently available

Multifamily for sale: 4519 Roy Cagle Road, Gainesville

5 Units

Review Further

$675,000

4.7% Cap -5.0% CoC est

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: 7769118 · Listing courtesy of Sheila Davis Group, Sheila Davis · 470-290-8170

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

FMLS · Updated Daily

Featured Agent