118 Lakeview Circle
Waleska, GA, 30183 $ 725,000
Baths0.0 Monthly Estimate*
$ 4,464
Studio for $725,000. This home was built in 2007 on a lot size of 0.2817.
BREATHTAKING 5 BED/ 5 BATH MOUNTAIN RETREAT WITH MASSIVE RENTAL POTENTIAL! This luxurious 6,000 square foot custom-built craftsman offers projected short-term rental revenue of $135,000 per year, making it an incredible investment opportunity in North Georgia or own your personal weekend haven. Perfectly positioned to capture stunning lake and mountain views, this home combines comfort, accessibility, and timeless design. Inside, you'll find an open concept floor plan complete with two large living rooms (each with its own stone gas-start fireplace), oversized dining room, and chef's kitchen-complete with two sinks, an oversized island, high-end appliances, and views that stretch across the private backyard and treetops. Take the elevator (Yes-- there's even an elevator) upstairs to the primary suite, which delivers true luxury with a private balcony, fireplace, sitting room, and a spa-inspired bathroom featuring dual vanities, a massive jetted soaking tub, a large walk-in shower, and an expansive closet. The finished terrace level adds even more flexibility with a full kitchenette, built-in dehumidifier, full living room, and a private bedroom suite-ideal for multigenerational living, guests, or an income-producing Airbnb setup. Accessibility is effortless thanks to the custom elevator, providing comfort and convenience on every floor. Need even more reasons to fall in love? This house comes with the PERFECT lifestyle living. Nestled within the gated Lake Arrowhead community, your short-term renters (or you) will get to enjoy golf, boating, multiple pools, pickleball, tennis, hiking trails, a marina, dog park, community events, and more. WHAT ARE YOU WAITING FOR? Whether you're seeking a potentially high-performing short-term rental, part-time residence, multi-generational retreat, this is exactly the home you've been searching for.
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FeaturesGeneralSewer Other
Heating Central Forced Air Other
Cooling Ceiling Fan(s) Central Air Other
Utilities Electricity Available Sewer Available Underground Utilities Water Available Other
Roof Composition Shingle
Security Features Carbon Monoxide Detector(s)
Construction Materials Cement Siding HardiPlank Type
Year Built 2007
View Lake Mountain(s) Trees/Woods
Levels Three Or More
Property Subtype Other
Tax Year 2024
Parcel Number 22N16 12026
Gross Income 73500
Waterfront Features None
Community Features Boating Clubhouse Country Club Gated Golf Lake Park Pickleball Pool Powered Boats Allowed Restaurant Tennis Court(s)
Accessibility Accessible Elevator Installed
County Cherokee - GA
Net Operating Income 73500
Operating Expense 61600
Property Type Residential Income
HOA false
Energy Efficient None
Subdivision Name Lake Arrowhead
Green Energy Generation None
Status Active
Directions FOR NORTH GATE: From GA-140 W turn left onto Little Refuge Rd. Drive 1.4 miles. Turn right at the 1st cross street onto Lakeside Dr. In 0.2 miles turn right onto Chickasaw Dr. In 0.8 miles turn left onto Lone Bear Dr. In 0.4 miles turn right onto White Antelope St. In 0.4 miles turn left onto Lakewood Dr. In 0.2 miles Turn left onto Lakeview Cir. Home is on the right in 0.1 miles. Sign in place. FOR SOUTH GATE: First route to Shoal Creek Baptist Church then follow GPS.
High School Cherokee
City Waleska
Body of Water Arrowhead
Number Of Units Total 1
Elementary School R. M. Moore
Property Attached Y/N false
Tax Annual Amount 4317
Home Warranty Y/N false
Middle/Junior High School Teasley
Property Condition Resale
Standard Status Active
Tax Lot 26
Cap Rate 6.77
Freehold IDX
Corporate Owner None
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InteriorFlooring Carpet Hardwood Tile
Furnished Y/N Unfurnished
Window Features Double Pane Windows Insulated Windows
Total Baths 0
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ExteriorFencing Back Yard Privacy
Parking Features Driveway Garage
Lot Features Mountain Frontage Private Wooded
Water Source Private
Total Parking 3
Lot Dimensions x
Lot Size Acres 0.2817
Lot Size Source Public Records
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* Excluded FeaturesList ByKathryn ValorListing Agent
Keller Williams Realty PartnersBroker
Affordability Calculator
- Monthly Principal & Interest
- $4,464
- Monthly Property Taxes
- $360
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Waleska, GA
Average List Price $0
Percent of Sale Price 100%
About Waleska, GA 686 Population
38% Since 2002
$ 68,788 Median Income
36.1 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
4133480 Middle School
Cherokee High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/3/2026 | $725,000 | -9.38% | Price Down |
| 1/31/2026 | $800,000 | | Listed Price |