8 bedroom lake house mansion sleeps up to 30

$2,300,000
8
7
8,000
sq. ft.
$288
per sq ft
Heated sq ft: 8,000 sq ft
Avg Nightly Rate: $2,500
Home Legally Sleeps: 30
Occupancy Rate: 22 weeks
Annual Gross Income : 2600
Annual Net Operating Income : 160000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Business Stay, City Life, Couples/Romance, Pet Friendly, Weddings or Family Reunions
New Construction: Inquire
Days on Vrolio: 901

Property Description

Beautiful views from most rooms on gorgeous lake Lanier in Gainesville GA. 8,000 square foot lake house with pool and private dock sleeps up to 30 with 6 master King Bedrooms and 2 additional bunk rooms. Game room with pool table, ping pong, and football.

Presented by:
Owner:
jeff hylton
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 2700
Low: 1000
Peak: 2700
Special Event: 0
Avarage: 2500.00
Furniture Age
2
Est Value of Furnishings
$100,000
Peak & High Seasons
May, June, July, August, September
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Liquidity
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
2600
Net Operating Income
160000
Stories
3
Additional Indoor Rooms
Family Room, Finished basement, Formal Dining Room, Game Room, Living Room, Master Suite Down, Multiple Master Suites
Appliances
Dishwasher, Dryer, Full stove, Garbage Disposal, Gas appliances, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Electric or Gas Firelace
Floor Coverings
Carpet, Concrete, Real Hardwood
Security
Yes
Security Description
Not activated
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Carpet
Year built
1988
Outdoor Features
Deck, Dock, Fire Pit, Inground Pool, Porch - Not screened, Private Gated Driveway, Walk Out Balcony
View
Lake, Wooded Area
Backyard Exposure
North
Lot Size
3/4 acre
Community Features
Tax Amount/Year
$11,000
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Mandatory HOA
Inquire
Home Legally Sleeps:
30
Onsite Parking
Parking for up to 10 cars with a driveway that splits off to the side of the house
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$7.00
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
5 Years
Occupancy Rate
22
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner, Manager
Managed By
Owner, Manager
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
500.00 Monthly
Caretaker Fees
Inquire
Sold with Marketing Collateral
Yes, AirBnb profile, Private website, Existing database of guests, Professional photos, Social media profiles, VRBO and/or Homeaway profile
Manager Cancellation Policy
No cancellation policy
 
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Credit Card Fee
$3.00
Cleaning Fee
$600.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
$300.00
Pool & Spa Maintinence (Annual)
$4,000.00
Electricity (Annual)
$3,500.00
Water/Sewer (Annual)
$1,200.00
Cable/Interbet (Annual)
$3,000.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$11,000.00
Homeowner's Insurance (Annual)
$4,000.00
Short Term Rental Insurance Rider (Annual)
$2,000.00
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$300.00
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
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