If you’re searching for a rare real estate opportunity near Lake Allatoona—one that offers land, location, lifestyle, and significant upside—this property stands out as one of the best values on the market. Priced nearly $200,000 below comparable homes, this spacious 4-bedroom, 3-bath residence sits on more than one acre, spread across two separate buildable lots, providing exceptional flexibility for investors, renovators, short-term rental operators, or homeowners wanting room to grow.
Located just a short walk from the highly desirable Wilderness Camp Marina, this property provides unmatched access to one of Georgia’s most popular lake destinations. Whether you envision a renovation project, long-term investment, Airbnb retreat, or a personal lakeside escape, the opportunities here are expansive.
A Rare Two-Lot Property—Multiple Paths to Profit or Expansion
One of the most valuable aspects of this offering is the inclusion of two individual lots, each more than half an acre. Together, they create over one full acre of land—a rarity for this lake-access location. These lots offer impressive flexibility:
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Build a second home or guest house
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Sell the second lot for immediate return
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Keep both lots for privacy and space
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Develop an additional rental or accessory dwelling
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Add a workshop, garage, or recreational structures
For investors, this built-in versatility provides multiple exit strategies and long-term income potential.
Inviting Arrival with Ample Parking
The semi-circle driveway creates exceptional curb appeal while providing:
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Parking for numerous vehicles
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Room for boats, trailers, or lake equipment
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Easy access to the two-car carport
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A welcoming entrance highlighted by a covered front porch
Whether hosting guests or preparing the property for short-term rental use, this setup is ideal for high-traffic convenience.
Spacious Interior Filled with Character & Natural Light
Inside, the home immediately impresses with its open layout and distinctive architectural features:
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Vaulted ceilings
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Exposed wooden beams
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A statement-making wood-burning fireplace
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Open sightlines into the kitchen
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Direct access to the screened-in porch
The oversized living room offers the perfect backdrop for entertaining, relaxing, or creating an inviting gathering space for vacation rentals. With cosmetic updates, this room can easily become the showpiece of the home.
Upgraded Kitchen and Thoughtful Dining Space
The kitchen offers abundant room to cook and entertain, with features including:
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Beautiful new granite countertops
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Ample cabinetry for storage
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Generous counter space
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A bar overhang ideal for stools and casual dining
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A dedicated dining area
With just a few final upgrades, this kitchen can rival those found in much higher-priced homes.
Private Primary Suite with Deck & Fireplace
The luxury-sized primary suite feels like its own retreat. Highlights include:
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A private deck overlooking the wooded backyard
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A cozy fireplace inside the suite
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A large en-suite bathroom
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Double vanities
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Jacuzzi tub
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Combined tub/shower
For homeowners or rental guests, this private suite adds tremendous comfort, value, and appeal.
Additional Bedrooms and Functional Upper-Level Layout
The upper level features three additional bedrooms and a spacious second full bathroom with:
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A large vanity
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A tub/shower combo
This layout offers plenty of flexibility for families, guests, or short-term rental groups needing multiple sleeping spaces.
Massive Finished Basement—A Game-Changing Bonus Space
The finished basement significantly boosts the home’s usable square footage and offers income-generating potential. This versatile level includes:
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A spacious recreation room
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A full bar / entertainment area
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Another fireplace
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A full bathroom
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An additional large room perfect for:
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A 5th bedroom
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Home gym
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Office
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Media room
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Kids’ playroom
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Guest suite
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Direct access from the basement to the garage area enhances convenience and functionality.
Outdoor Living Designed for Relaxation & Entertainment
Outdoor amenities elevate this property far beyond typical offerings in the area. Features include:
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A large deck wrapping around the above-ground pool
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Perfect spaces for summer gatherings, barbecues, and weekend fun
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A poolside outbuilding that can function as:
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A pool house
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Bar and lounge
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Snack or serving station
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Entertainment hub
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A screened-in porch for enjoying the outdoors without insects
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A separate storage building for lake gear, tools, or equipment
Whether used personally or for short-term rental income, the outdoor setup is a major highlight.
Private, Wooded Setting with Room to Grow
The property sits on a private, wooded lot surrounded by mature trees, offering exceptional peace and privacy. With over one acre of combined land, there is more than enough room for:
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Additional buildings
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Expanded outdoor amenities
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Gardens
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RV or boat storage
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Play areas or recreation zones
Few lake-area properties offer this kind of usable space.
Unbeatable Location Near Lake Allatoona
Walk to Lake Allatoona and Wilderness Camp Marina—an extremely rare advantage for properties at this price point. Enjoy immediate access to:
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Boating
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Fishing
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Jet skiing
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Paddleboarding
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Lakeside dining
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Campgrounds and trails
This proximity also makes the property exceptionally attractive for the short-term rental market.
Ideal for Multiple Investment Strategies
Because the home is priced well below market value, it is an outstanding fit for:
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Fix & Flip investors
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Buy & Hold rental investors
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Airbnb / vacation rental developers
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House hackers
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Owner-occupants wanting instant equity
Its square footage, layout, land size, and location create numerous ways to generate strong ROI.
Significant Value-Add Potential
With renovated homes in the area selling far above this list price, the next owner can build equity quickly by updating:
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Flooring
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Paint and finishes
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Lighting and fixtures
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Kitchen and bathrooms
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Pool decking and outdoor amenities
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Basement upgrades
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The second lot for new construction
Every improvement creates immediate value for resale or long-term income.
Summary of Key Features
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4 Bedrooms / 3 Bathrooms
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Two Buildable Lots (Over 1 Acre Total)
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Walking Distance to Lake Allatoona & Marina
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Pool with Wraparound Deck
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Pool House / Bar Outbuilding
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Huge Finished Basement with Bar & Fireplace
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Private Primary Suite with Deck & Fireplace
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Granite Countertops in the Kitchen
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Screened-In Porch
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Storage Building
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Semi-Circle Driveway
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2-Car Carport
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Priced Nearly $200K Below Area Comps
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Major Investment & Rental Potential
Final Thoughts
Opportunities like this—featuring land, location, dual lots, a pool, a massive basement, and walking access to Lake Allatoona—are extremely rare. This property offers exceptional upside for investors and tremendous lifestyle potential for homeowners who want affordable access to one of Georgia’s most beloved lake communities.
Whether you’re building a rental empire, renovating for resale, or creating your own private retreat, this property delivers value, space, and opportunity that simply cannot be matched at this price.
Schedule your showing soon—this hidden gem will not stay on the market for long.
Listed on Zillow
