2486 Hidden Cove Ct

Gainesville, GA 30501

$5,850,000
Price
Studio
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Rare opportunity to acquire a 15-unit Class A condominium portfolio in a prime Lake Lanier–adjacent location in Gainesville, Georgia. This offering consists of 15 individual condominium units across 15 separate addresses, providing flexibility for phased sales, portfolio holds, or long-term investment strategy. The portfolio includes four (4) fully completed, Class A condominium units that are 100% occupied and currently producing income. These units are stabilized and feature contracted rent increases...Rare opportunity to acquire a 15-unit Class A condominium portfolio in a prime Lake Lanier–adjacent location in Gainesville, Georgia. This offering consists of 15 individual condominium units across 15 separate addresses, providing flexibility for phased sales, portfolio holds, or long-term investment strategy. The portfolio includes four (4) fully completed, Class A condominium units that are 100% occupied and currently producing income. These units are stabilized and feature contracted rent increases of $800 per unit scheduled for July and August, supporting a 7.49% cap rate when combined with seller-provided income reserves. Seller reserves are available for two to three years, enhancing early cash flow and reducing investor risk. In addition to the stabilized units, the property includes eleven (11) additional units approved for completion, with builders, engineers, and permits already in place to allow for a smooth and efficient build-out process. In addition to the stabilized units, the property includes eleven (11) additional units approved for completion, with builders, engineers, and permits already in place to allow for a smooth and efficient build-out process • Five (5) units have basement slabs poured and are shovel-ready
– End units may be built as 4 bedrooms / 3.5 bathrooms
– Interior units may be built as 3 bedrooms / 3.5 bathrooms with bonus rooms
– These floorplans expand rentable area to approximately 2,000 square feet per unit

• Six (6) additional units are designed as master-on-main homes, offering flexibility in floorplan selection
– Configurable between approximately 1,440 to 2,000 square feet per unit
– All six units feature Lake Lanier views, a highly desirable and limited product type in this submarket

Upon full build-out, the portfolio offers approximately 21,760 total rentable square feet, all Class A construction. The community benefits from an established HOA with recently reduced dues, improving operating expenses and long-term NOI predictability. This offering provides a unique combination of immediate stabilized income, new-construction upside, lake-view product, and near-zero entitlement risk, all within close proximity to Lake Lanier, parks, shopping, and major commuter routes. Ideal for investors seeking scale, flexibility, and long-term appreciation in one of Hall County’s most desirable corridors.
  1. Listed by Cindy LaDuke • EXP Realty, LLC.

Property Details for 2486 Hidden Cove Court

Num Of Parking Spaces
18
Parking Features
Parking Lot
Property Attached
No
Waterfront Features
Beach Front
LISTING UPDATED: 01/25/2026 09:29 PM

Property Details for 2486 Hidden Cove Court

StatusActive
MLS #7709389
Days on Market1
Taxes$1,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCommercial Sale / Condominium
Year Built2023
CountyHall County

Location

Listing Courtesy of EXP Realty, LLC., Cindy LaDuke
Add your commute

Building Information for 2486 Hidden Cove Court

Building/Complex2486 Hidden Cove CtFloor-Stories3Residences-Pet Policy-Pet Policy Details-Year Built2023

Payment Calculator

$28,637 per month

30 year fixed, 6.15% Interest

Principal and Interest

$28,512

Property Taxes

$125

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2486 Hidden Cove Court

Summary
Location and General Information
  • Directions: From Downtown Gainesville, take Jesse Jewell Pkwy NE to Thompson Bridge Rd. Turn right onto Thompson Bridge Rd and continue approximately 2.5 miles. Turn left onto Old Thompson Bridge Rd. Turn right onto Hidden Cove Ct. Property is located at 2486 Hidden Cove Ct, near Lake Lanier.
  • Lake Name: Lanier
  • Recommended Zoning: Multi Family
  • View: Lake
  • Coordinates: -83.848528, 34.336108
Taxes and HOA Information
  • Tax Year: 2025
  • Association: No
  • Tax Legal Description: COMMON LAND & AREA
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Central
  • Basement: Partial, Walk-Out Access, Daylight
  • Flooring: Luxury Vinyl, Ceramic Tile, Vinyl, Tile
  • Interior Features: Restrooms, Living Space Available
  • Levels/Stories: Three Or More
  • Other Equipment: None
  • Window Features: ENERGY STAR Qualified Windows
  • Foundation: Block
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Block, HardiPlank Type
  • Dock: Dock
  • Fencing: None
  • Loading Desc: None
  • Road Surface Type: Asphalt
  • Roof Type: Other
  • Security Features: Carbon Monoxide Detector(s)
  • Pool Private: No
  • Numberof Entrances: 2
  • Road Frontage Type: Private Road
  • Other Structures: None
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Available,Phone Available,Sewer Available,Underground Utilities,Water Available
  • Water Source: Public
  • Electric: 220 Volts, 110 Volts
Property and Assessments
  • Business Type: None
  • Home Warranty: No
  • Proposed Financing: 1031 Exchange, Cash, Conventional
  • Property Condition: Resale
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: HVAC, Insulation, Construction, Appliances
  • Green Energy Generation: None
Lot Information
  • Land lot: United Sta
  • Lot Features: Other, Corner Lot
  • Acreage Source: Appraiser
  • # Of Buildings: 3.0
  • Waterfront Footage: 0.0
  • Current Zoning: PUD
  • Road Front Feet: 0.0
Rental
Rent Information
  • Occupant Types: Tenant

Property History for 2486 Hidden Cove Court

DateEvent & SourcePriceAppreciation
May 2, 2025

Sold (Public Record)

Public Record #1558765804

$55,000—
DateEvent & SourcePrice
05/02/2025

Sold (Public Record)

Public Record #1558765804

$55,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2486 Hidden Cove Court

Taxable ValueLand-Additions-Total-
Tax Record2025$0 ($0 / month)
Home Facts
Beds0Total Finished SqFt195,140 SqFtAbove Grade Finished SqFt195,140 SqFtLot Size20,473 SqFtStyleSingle Family ResidenceZoningPUDCountyHALLAPN01-097A-000-018

Schools near 2486 Hidden Cove Court

This home is within Gainesville City School District.
Rating
School
Type
Grades
Distance
Enota Multiple Intelligences Academy
Public - PK to 5
Gainesville Middle School
Public - 6 to 8
Gainesville High School
Public - 9 to 12
Gainesville Middle School West
Public - 6 to 8
Rating
School
Distance
Enota Multiple Intelligences Academy
PublicPK to 5

Gainesville Middle School
Public6 to 8

Gainesville High School
Public9 to 12

Gainesville Middle School West
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2486 Hidden Cove Court, Gainesville, GA 30501

2486 Hidden Cove Court is a condo for sale in Gainesville, GA 30501. This property was listed for sale on January 24, 2026 by EXP Realty, LLC., it's currently listed at $5,850,000. It has been on the market for a total of 1 days and was last sold on May 2, 2025. This listing's school district is Gainesville City School District. Nearby schools include Enota Multiple Intelligences Academy, Gainesville Middle School and Gainesville High School. 2486 Hidden Cove Court is a 0-bed, 0-bath, condo built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of EXP Realty, LLC., Cindy LaDuke

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.