Property Location

392 Red Mountain Road, Dallas GA 30157

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List Price $3,800,000
Units 1
Est. Cap Rate 0.2%
Est. Cash-on-Cash -23.3%
Price / Unit $3,800,000
Est. Year 1 Cash Flow $-221,174 after debt service
392 Red Mountain Road Dallas, GA 30157
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
The Legacy at Indigo Falls. A rare opportunity to acquire one of North Georgia's most distinctive wedding and event venues. Nestled on approximately 26 picturesque acres in the rolling foothills of Paulding County, The Legacy at Indigo Falls offers a unique blend of natural beauty, rustic elegance, and established hospitality infrastructure. Surrounded by serene lakes, mature hardwoods, scenic walking paths, and breathtaking water features, the property provides an unforgettable setting for weddings, private events, corporate retreats, and special celebrations. The venue's centerpiece is a beautifully crafted event space featuring soaring timber beams, expansive gathering areas, and stunning views of the surrounding landscape. Multiple ceremony locations allow guests to choose between intimate indoor settings and spectacular outdoor experiences overlooking the water. Designed as a destination venue, the property also includes on-site lodging accommodations that enhance both guest experience and revenue potential: The Legacy Lodge – Accommodates up to 17 guests The Gathering Loft – Accommodates up to 7 guests The Legacy Cabin – Private accommodations for 2 guests The venue's established infrastructure supports a seamless event experience while offering future owners numerous opportunities for continued growth and expansion. Whether envisioned as a wedding venue, corporate retreat destination, hospitality investment, luxury event estate, or owner-operated business, The Legacy at Indigo Falls offers exceptional versatility and income-producing potential. For buyers seeking a unique live-work lifestyle, the property may also present an opportunity for owner occupancy while operating the venue, allowing for hands-on management and an immersive hospitality experience in one of North Georgia's most scenic settings. Conveniently located approximately 35 miles northwest of Atlanta and easily accessible from Marietta, Acworth, Cartersville, and Hartsfield-Jackson Atlanta International Airport, the property combines a peaceful retreat-like atmosphere with the convenience of a major metropolitan market. From lakeside sunsets and stone fireplaces to luxury lodging and unforgettable event spaces, The Legacy at Indigo Falls is more than a property—it's a destination, an experience, and a legacy ready for its next chapter. Property Highlights Approximately 26.31 acres Turnkey wedding and event venue Multiple indoor and outdoor event spaces Scenic lakes and water features On-site lodging accommodations Established hospitality infrastructure Potential owner-occupancy opportunity Convenient access to Metro Atlanta Exceptional investment and expansion potential * Multiple revenue stream opportunities
Investment Notes — Dallas
  • Located in the Dallas, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $3,800,000 Verified
Est. Cap Rate 0.17% Modeled
Est. Cash-on-Cash -23.28% Modeled
Est. Gross Income $13,824 Modeled
Est. NOI $6,359 Modeled
Est. Year 1 Cash Flow $-221,174 after debt service (25% down / 7% / 30-yr) Modeled
Confidence scores included Latest FMLS data Transparent modeling
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49%
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7%
30 yrs
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Effective Gross Income
Operating Expenses
Net Operating Income (NOI)
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Jeff’s Investment Take

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Est. Cap0.2%
Est. CoC-23.3%
Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7790647 · Listing courtesy of Atlanta Communities Real Estate Brokerage, Shelly W Kirksey · 770-240-2007

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily