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Active68 days listed

201 Mountainside Parkway, Ellijay, GA 30536

  • 6bd
  • 6ba
  • 6,284SF
  • 3.21ac lot

Single-family homeFalling Waters

List price

$1,700,000

$271/SF list

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FMLS IDXFMLS #7825265 · Listing Provided By Keller Williams Elevate · 706-623-8186 · Listing agent Scott Parrott

Location

201 Mountainside Parkway, Ellijay GA 30536

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About this home

FALLING WATERS LODGE is a truly unique North Georgia mountain retreat offering an exceptional combination of luxury accommodations, breathtaking scenery, and income-producing potential. Currently operating as an established wedding and event venue as well as a luxury vacation rental, this remarkable property is perfectly suited for unforgettable lakeside weddings, family gatherings, corporate retreats, or an impressive private mountain escape. The main residence features 5 BR's and 5 Bth's, including a beautiful bridal suite or honeymoon retreat with stunning lake views. Multiple decks and outdoor living spaces provide countless opportunities to relax and enjoy the surrounding mountain and water views. Inside, guests can enjoy a spacious game room, wet bar, full sauna, and hot tub-creating a true resort-style experience. Unique zoning allows for a variety of uses, including vacation rentals, private retreats, guest celebrations, and weddings or events for up to 50 guests, making this an incredibly versatile investment opportunity. An updated studio apartment offers additional flexibility and privacy. It could serve as an owner's quarters, innkeeper's residence, private guest accommodations, or potentially a separate short-term rental. Situated within the private, gated Falling Waters community, the property encompasses approximately 3.21 fenced acres overlooking the community's stocked catch-and-release lake and the surrounding North Georgia mountains. A large outdoor firepit creates the perfect gathering place for guests, while the expansive grounds offer numerous peaceful spots for relaxing, entertaining, and stargazing. Conveniently located just minutes from local apple orchards, Downtown Ellijay, Blue Ridge, and many of North Georgia's most popular mountain destinations, Falling Waters Lodge offers a rare opportunity to own a distinctive property where luxury, recreation, events, and investment potential come together in one extraordinary setting.

How this list price compares in Ellijay

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
6
Full baths
6
Living area
6,284 SF
Lot size
3.21 acres
Year built
2002
Levels
Three Or More
Main-level bedrooms
2
Parking
Carport, Detached, Level Driveway
Basement
Exterior Entry, Finished, Finished Bath
Style
Cabin, Country, Rustic
Construction
Log, Wood Siding
Roof
Metal
Flooring
Ceramic Tile, Hardwood
Heating
Central
Cooling
Ceiling Fan(s), Central Air
Fireplaces
3
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Trash Compactor, Washer
Lot
Corner Lot, Creek On Lot, Lake On Lot, Open Lot, Pond on Lot, Sloped
Community
Gated, Homeowners Assoc, Lake, Pool
HOA
$1,200 annually
Annual tax
$8,566 (2024)
County
Gilmer

Assigned schools

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

Payment estimate

Estimate the monthly payment

Prefilled with the list price of $1,700,000 and this week's average rate. Change anything to see your number.

Loan type
Estimated monthly payment

$12,086/mo

Principal and interest
$10,510
Property tax
$714
Home insurance
$125
Mortgage insurance
$638
HOA dues
$100
Loan amount
$1,530,000
Cash down
$170,000

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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