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Property Location

189 Jack Rabbit Drive, Waleska GA 30183

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List Price $24,900

Units adj 1

Price / Unit $24,900

189 Jack Rabbit Drive Waleska, GA 30183

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

ACTIVE

Prime Residential CORNER Lot in Lake Arrowhead – Unmatched Lake & Community Lifestyle Welcome to one of the most desirable addresses in North Georgia — a beautiful residential lot in the prestigious Lake Arrowhead Subdivision in Waleska, GA. Nestled within a gated, guard-gated lake and golf community, this exceptional parcel offers the opportunity to build your dream home amidst stunning natural beauty and premier resort-style amenities. This community is centered around a 540-acre spring-fed freshwater lake — one of the cleanest and most scenic in the state — with more than 20 miles of shoreline, ideal for boating, kayaking, fishing, swimming, and serene waterfront living. Community & Lifestyle Highlights: • 24-hour gated and guarded access providing privacy and peace of mind. • Private Marina & Lake Recreation — boat rentals, slips, dry storage, sailing lessons, and lakeside picnicking. • Championship 18-hole Highlands Golf Course at Lake Arrowhead Yacht & Country Club — recognized as one of Georgia’s premier courses. • Multiple Parks & Outdoor Spaces including Red Cloud Park with pools, sport courts, walk/jog trails and Great Festival Park with playgrounds and pavilion. • Extensive Nature & Trails — over 8+ miles of hiking and jogging trails through wooded terrain and scenic vistas. • Tennis & Pickleball Courts, swimming facilities, social activities, and year-round community events for residents of all ages. • Clubhouse & Dining — gathering spaces for socializing, fitness classes, and special events. Location & Lifestyle: Situated in the foothills of the North Georgia Blue Ridge Mountains, this lot enjoys both the tranquility of nature and convenient access to the nearby towns of Waleska and Canton, with shopping, dining and everyday amenities just minutes away — all approximately 40 minutes north of Atlanta. Whether you envision a peaceful retreat nestled in the woods, or a home away from home, this residential lot represents a rare opportunity to build in a true resort-style community where everyday feels like vacation.

Investment Notes — Waleska

Located in the Waleska, 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

Built from available FMLS income data and transparent operating assumptions · Units adjusted (LIKELY_SFR_OR_MOBILE)

Price per Unit $24,900 Verified

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. Units adjusted (LIKELY_SFR_OR_MOBILE).

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

40%

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 Waleska. 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 Waleska, GA multifamily properties currently available

Multifamily for sale: 718 Hill Street, Forest Park

2 Units

Review Further

$289,000

2.4% Cap -14.4% CoC est

Important Investment Information

Suppressed (LIKELY_SFR_OR_MOBILE). Verify classification and actual numbers with the listing agent.

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: 7710425 · Listing courtesy of Atlanta Communities, Clint Setser · 404-939-6092

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

FMLS · Updated Daily

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