Investor Opportunity – Rare Lakefront Multi-Property Package! 3 parcels/4 residences. 7259 Nichols Subdivision Rd., 7261 Nichols Subdivision Rd, and 7265 Nichols Subdivision Rd-Unlock the potential of this unique 4-unit income-producing property situated on a beautiful lakefront setting featuring two private docks and scenic water views. Whether you're looking to expand your rental portfolio, create a family compound, or develop a short-term rental retreat, this property offers versatility, charm, and upside potential. The property includes four separate living spaces: First Residence – A spacious 3BR/2BA home (approx. 1,656 sq ft) offering solid bones and room for value-add improvements. Positioned on approximately 0.39 acres, this home serves as the anchor of the property. Residence 2 House – A 2BR/1BA home (approx. 1,376 sq ft), situated on approximately 0.26 acres. Ideal for long-term rental or renovation resale. Original Home – A 2BR/1BA cottage (approx. 972 sq ft) built in 1960, full of character and ready for updates to maximize rental income. Guest House / Carport Apartment –featuring 1BR/1BA (approx. 606 sq ft)—perfect for short-term rental, guest quarters, or additional income stream. Enjoy expansive open green space leading down to the water, mature trees, and two docks providing direct lake access—a rare and highly desirable feature for tenants and guests alike. Lake Seminole awaits you!
For sale
Price cut: $30K (6/5)
$399,900
7261 Nichols Subdivision Rd, Donalsonville, GA 39845
8beds
4,600sqft
Single Family Residence
Built in 1973
-- sqft lot
$386,900 Zestimate®
$87/sqft
$-- HOA
What's special
Direct lake accessLakefront settingTwo private docksScenic water viewsMature treesFour separate living spaces
- 99 days |
- 948 |
- 54 |
Zillow last checked:
Listing updated:
Listed by:
Lesley Taylor,
Legacy Realty of Southwest Georgia
Source: Southwest Georgia MLS,MLS#: 15613
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Primary bedroom
- Features: Master Bedroom: Sitting Area
Heating
- Electric
Cooling
- Electric, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Microwave Free Standing, Range Hood, Refrigerator, Stove/Oven Electric, Water Heater: 2+, Electric Water Heater
- Laundry: Laundry Closet, Laundry Room
Features
- Wet Bar, Newly Painted, Specialty Ceilings, Walk-In Closet(s)
- Flooring: Ceramic Tile, Wood, New Carpet
- Has fireplace: Yes
- Fireplace features: Fireplace
Interior area
- Total structure area: 4,600
- Total interior livable area: 4,600 sqft
Video & virtual tour
Property
Parking
- Parking features: Carport, Detached, Double
- Has carport: Yes
Features
- Levels: Multi/Split
- Patio & porch: Deck, Porch
- On waterfront: Yes
- Waterfront features: Lake Front, Waterfront
Details
- Additional structures: Storage, Separate Building for Rent
- Parcel number: See Listing
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Materials
- Cement Siding, Wood Siding, Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1973
Utilities & green energy
- Electric: Ga Power
- Sewer: Septic System, Septic System On Site
- Water: Shared Well, Private Well On Site
- Utilities for property: Electricity Connected, Water Connected, Cable Available
Community & HOA
Community
- Subdivision: Pete Nichols Subdivision
Location
- Region: Donalsonville
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $145,026
- Annual tax amount: $1,716
- Date on market: 3/17/2026
- Listing terms: Cash,FHA,VA Loan,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$386,900
$368,000 - $406,000
$1,355/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Price change | $399,900-7%$87/sqft |
Source: Southwest Georgia MLS #15613 Report a problem | ||
| 5/10/2026 | Price change | $429,900-4.4%$93/sqft |
Source: Southwest Georgia MLS #15613 Report a problem | ||
| 3/17/2026 | Listed for sale | $449,900+958.6%$98/sqft |
Source: Southwest Georgia MLS #15613 Report a problem | ||
| 9/26/2000 | Sold | $42,500$9/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,716 +5.6% | $58,010 +16.5% |
| 2024 | $1,625 +4% | $49,790 +1% |
| 2023 | $1,562 +4.3% | $49,298 +4.2% |
| 2022 | $1,497 +11.7% | $47,298 +11.4% |
| 2021 | $1,340 +10.4% | $42,458 +8.6% |
| 2020 | $1,214 +3.6% | $39,081 |
| 2019 | $1,172 +4.6% | $39,081 +5% |
| 2018 | $1,121 +10.4% | $37,215 +5.5% |
| 2017 | $1,015 | $35,277 -5.8% |
| 2016 | -- | $37,449 +5.8% |
| 2015 | -- | $35,382 |
| 2014 | -- | $35,382 +5.9% |
| 2013 | -- | $33,397 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 39845
Nearby schools
GreatSchools rating
- 6/10Seminole County Elementary SchoolGrades: PK-5Distance: 13.8 mi
- 3/10Seminole County Middle/High SchoolGrades: 6-12Distance: 13 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Georgia
- Seminole County
- Donalsonville
- 39845
- 7261 Nichols Subdivision Rd
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