Property Location

80 Riverbend Circle, Ellijay GA 30536

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List Price $425,000
Units 1
Est. Cap Rate 1.5%
Est. Cash-on-Cash -18.0%
Price / Unit $425,000
Est. Year 1 Cash Flow $-19,089 after debt service
80 Riverbend Circle Ellijay, GA 30536
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
An exceptional opportunity to own one of the most unique riverfront properties in North Georgia. Nestled on a private 1-acre lot with over 290 feet of stunning Cartecay River frontage, this rare property offers deep-water access, breathtaking views, and an unbeatable setting just minutes from downtown Ellijay. The existing home occupies a location that could not be replicated under today’s building regulations, making this an incredibly valuable opportunity. While the structure cannot be demolished, it is eligible for a full-scale renovation, allowing you to completely transform the home into a luxurious riverfront retreat while preserving its grandfathered footprint. Buyers also have the opportunity to build upward, creating additional living space and maximizing the spectacular river views. Whether you’re envisioning a custom primary residence, a weekend mountain escape, or an investment property, the possibilities are extraordinary. Spend your days kayaking, tubing, fishing, or simply relaxing along one of the area’s most sought-after stretches of the Cartecay River. The gently sloping lot provides exceptional usability, while mature hardwoods create a peaceful, private setting. The property is already improved with a well, septic system, and electricity, providing an excellent foundation for your renovation plans. Property is Sold As-Is, all systems are not currently in use. Located approximately 3.8 miles from downtown Ellijay, you’ll enjoy convenient access to charming shops, local restaurants, wineries, apple orchards, hiking trails, Amicalola Falls, Fort Mountain State Park, Brasstown Bald, and countless outdoor adventures that make North Georgia such a desirable destination. Opportunities like this are exceptionally rare, and a grandfathered riverfront footprint, expansive frontage, deep-water access, and the ability to create a completely reimagined home in a location that simply could not be duplicated today. This is your chance to design an extraordinary riverfront legacy property in one of Ellijay’s most coveted settings. Please note: The existing structure has unsafe conditions, and all showings must sign a Hold Harmless document (on file) prior to being approved to visit the property.
Investment Notes — Ellijay
  • Located in the Ellijay, 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 $425,000 Verified
Est. Cap Rate 1.50% Modeled
Est. Cash-on-Cash -17.97% Modeled
Est. Gross Income $13,824 Modeled
Est. NOI $6,359 Modeled
Est. Year 1 Cash Flow $-19,089 after debt service (25% down / 7% / 30-yr) Modeled
Confidence scores included Latest FMLS data Transparent modeling
Investment Calculator

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Modeled Estimate

5.0%
49%
25%
7%
30 yrs
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Effective Gross Income
Operating Expenses
Net Operating Income (NOI)
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Jeff’s Investment Take

Further review recommended before moving forward.

Est. Cap1.5%
Est. CoC-18.0%
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: 7802290 · Listing courtesy of Atlanta Communities, Jessica Robidou · 404-376-5159

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