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Active145 days listed

555 Rainbow Lake Drive, Dawsonville, GA 30534

  • 4bd
  • 3ba
  • 3,114SF
  • 0.31ac lot

Single-family homeRainbow Valley Estates

List price

$549,000

$176/SF list

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FMLS IDXFMLS #7782564 · Listing Provided By Bent Tree Community Realty Inc. · 770-617-8426 · Listing agent Catherine Rumble

Location

555 Rainbow Lake Drive, Dawsonville GA 30534

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About this home

LAKE HOUSE on Rainbow Lake. Lake views, waterfalls, and fun! Oh my! This amazing home is just a few steps from the water’s edge. Main level boasts vaulted Great Room and Dining Room with open floor plan. Kitchen has a view to Great Room and Dining Room. Split bedroom plan on Main level. Private Master Suite on Main. Almost every room has a view of the lake. Terrace level features large guest room, bathroom with oversized Jacuzzi tub and stained glass window, spacious Den, and workshop - all with views of the lake. Log outbuilding can be used as a playhouse, gardening shed, or crafting space. Deck and terrace level patio span the full length of the house. You will love the serenity and sunsets at Rainbow Lake. Easy access to Dawson Forest, Amicalola Scenic River, Amicalola State Park, Dawsonville outlet mall as well as other destination towns like Dahlonega and Jasper. Experience the best of North Georgia lake living in this beautiful waterfront retreat, perfectly situated just minutes from Amicalola Falls State Park and all the outdoor adventures the mountains have to offer. The main level features a spacious open-concept design with a large great room, dining area, and kitchen, all enhanced by a stunning wall of windows that showcase breathtaking lake views. The primary suite is conveniently located on the main level and includes a charming clawfoot soaking tub in the en-suite bath, creating a private spa-like retreat. Two additional bedrooms on the main level provide flexibility for family and guests. The finished lower level offers an oversized den perfect for entertaining, relaxing, or enjoying game nights. Also located downstairs are a fourth bedroom and a large workshop. The workshop presents endless possibilities and could easily be converted into a fifth bedroom, home office, fitness room, hobby space, or bunk room. Outside, enjoy gorgeous lake frontage and the peaceful setting that makes lake living so special. Whether you're sipping coffee while watching the sunset over the water, spending afternoons boating and fishing, or gathering with friends and family on the deck, this property offers the lifestyle you've been dreaming about. Discover the unmatched North Georgia lifestyle, where pristine lakes, mountain views, hiking trails, wineries, charming small towns, and year-round outdoor recreation create the perfect balance of relaxation and adventure. This exceptional lakefront home is more than a property—it's a destination. Appointment only.

How this list price compares in Dawsonville

Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.

Home facts

Property type
Single-family home
Status
Active
Bedrooms
4
Full baths
3
Living area
3,114 SF
Lot size
0.31 acres
Year built
1992
Levels
Two
Main-level bedrooms
3
Parking
Driveway
Basement
Daylight, Exterior Entry, Finished, Full, Interior Entry
Style
Cabin
Construction
Log
Roof
Metal
Flooring
Ceramic Tile, Concrete, Hardwood
Heating
Heat Pump
Cooling
Ceiling Fan(s), Central Air
Appliances
Dishwasher
Lot
Lake On Lot
Community
Lake
HOA
No
Annual tax
$2,310 (2025)
County
Dawson

Assigned schools

As reported in the listing. Verify with the school district.

Payment estimate

Estimate the monthly payment

Prefilled with the list price of $549,000 and this week's average rate. Change anything to see your number.

Loan type
Estimated monthly payment

$3,917/mo

Principal and interest
$3,394
Property tax
$193
Home insurance
$125
Mortgage insurance
$206
Loan amount
$494,100
Cash down
$54,900

This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.

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Questions about this home

How do I schedule a showing of this home?

Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.

How do I get more information about this listing?

Send your question through the form on this page. Listing details come from FMLS and are provided by Bent Tree Community Realty Inc., so confirm them before making an offer.

Is this home still available?

This page shows the status reported in FMLS (Active) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.

How is the monthly payment estimate calculated?

It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.

Where can I see similar homes for sale in Dawsonville?

See the similar homes section on this page, or browse all homes for sale in Dawsonville, GA.

Beyond homes

Also exploring Georgia investment real estate?

Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.

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