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Property Location

18 Water Course Way, Martin GA 30557

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List Price $400,000

Units 1

Price / Unit $400,000

Est. Year 1 Cash Flow $-16,424 after debt service

18 Water Course Way Martin, GA 30557

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

ACTIVE

Rare opportunity to own one of the last remaining buildable lots on Lake Hartwell, and this one comes ready to go from day one. Nestled on 0.43 +/- acres along the serene shores of Lake Hartwell, this exceptional lot offers deep water access, a private dock with Trex flooring and a motorized boat lift, and everything you need to break ground immediately. Skip the wait and the headaches. Septic is already installed and power is connected at the property, so your dream lake home is closer than you think. A winding gravel drive winds through the lush, cleared lot, leading you straight to the water's edge where lake life awaits. As an added bonus, the RV and Polaris both convey with the sale, meaning you can start enjoying the lake lifestyle before the first nail is ever driven. Whether you're launching weekend adventures from your private boat lift or taking the Polaris down to the dock at sunset, this property delivers the full lake experience from the moment you close. Just roughly 2 hours outside of Atlanta, this is the perfect escape for those looking to plant roots on the water without straying too far from the city. Lots like this simply don't come available on Lake Hartwell anymore. Don't let this one slip away.

Investment Notes — Martin

Located in the Martin, 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 $400,000 Verified

 Est. Year 1 Cash Flow  $-16,424  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

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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 Martin. 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.

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Jeff’s Investment Take

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

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: 7781476 · Listing courtesy of Gailey Enterprises, LLC, Triston Brewer Tackett · 770-733-2596

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

FMLS · Updated Daily

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