$1,000,000 Price Analysis    ♡   Toccoa, GA 30577 10 bed 9 bath unknown SqFt ($0/SqFt) 1.3 acre lot. Built 2005 Listed 2024-06-01 | May be USDA loan restricted due to income limits near Toccoa |
3 Waterfront Homes PLUS 1 more buildable lot.
Includes 1 finished home, 2 homes that need some construction completed on 5 parcels that can be subdivided or combined. Create your own residential community or live in your own home and rent out or sell off the rest. Or make this 3-4 homes in your rental portfolio. Another option is to use a design/build plan to combine the 2 homes connected by a retaining wall and patio and turn into a larger 8-10 bedroom home. A true investment opportunity abounds here in North Georgia facing the Tugaloo Channel of Lake Hartwell in charming Toccoa, Georgia. This is perfect for the opportunistic investor, builder, developer or someone choosing to buy and hold. The finished home is an active income generating short-term rental/Airbnb and the 2 additional, partially finished homes plus one buildable lot are on over 1 acre of waterfront land. This location is unbeatable. Follow the stairs down to a large, covered dock with a boat slip and racks for kayaks. And you are sure to catch some fish in this area off the dock or on the water. A extraordinary waterway for paddlers, as well! The finished home features 3 levels of living and multiple outdoor spaces to enjoy the wildlife all around you. Not is this property tucked away and quiet as you enjoy natures calling from the wraparound porch, there is a massive patio between 2 of the homes with a firepit. It is even more serene at the dock where there is no other home in view.
Inside enjoy the outside with a generous amount of natural light and seasonal views of the trees and the water from the windows at the loft level down to the main level. Vaulted ceiling and open concept. The floor plans on all 3 homes are similar and 2 of the unfinished homes can still be modified to fit your design ideas. The finished home features 2 kitchens, 3 private bedrooms and one loft that acts as an additional full bedroom plus living area combined. This home has built-in movie theater seating and sound system. 3 living spaces make this home an ideal way to spread out on all levels. The electric insert for the stone fireplace makes gathering in the open living/dining/kitchen area cozy and safe. Main level owners suite also has a separate, exterior entrance with easy 2 steps up. The opportunity to further modernize this finished home to your liking allows for many options and the 2 unfinished homes can be completed with the option to build yet 1 more home on the vacant buildable lot. This waterfront property area of Toccoa is close to the wonderful historic downtown Toccoa restaurants, galleries and shops, includes a stop on the Amtrak Crescent Line, is close to the Currahee Country Club and Golf Course, Toccoa Falls College, Tallulah Gorge State Park and many other waterfalls and trails. The Tugaloo River Water Trail, vineyards, wineries, local f arms and tours and close by access to other outdoor recreational areas and parks like Lake Hrtwell and its marinas, Lake Toccoa and the Links Golf Course, Toccoa Park, etc. This property and location is suitable for a long term investment or turning it around to make your profit after renovations. The Corps of Engineers will allow this land to have one more permittable dock for lots 8(empty sliver of a lot) and 9 (with structure) combined. This property will require a commercial loan, cash or hard money loan, not conventional loan, as it includes multiple homes and multiple parcels. For an excellent Georgia Commercial lender: Pat Walsh, VP with Tandem Bank. Listing agent is also co-owner. Also listed in detached home status FMLS# 7396241.
Presented by Marjory Lowman at
Keller Williams Realty Metro Atlanta.
Property MLS #7396221 from FMLS
Full Bathrooms: 9
Heating Features: Central
Window Features: Insulated Windows
Channel
Lake Front
Waterfront Feet: 60
Lot Size Acres: 1.3
Lot Size Dimensions: 100 x 60
Lot Size Square Feet: 56628
Parking Total: 6
High School: Stephens County
Middle School: Stephens County
Map directions Map directions Map directionsBedrooms in Unit-1: 3
Bedrooms in Unit-2: 4
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 3
Total Bathrooms in Unit-2: 3
Total Bathrooms in Unit-3: 3
Source Listing Status: Active
County: Stephens - GA
Directions: Located off Prather Bridge Rd and Sunshine Ridge Dr. Enter private, gravel driveway at cul de sac with basketball hoops and take to the top. Use GPS.
Tax Year: 2023
Source Property Type: Residential Income
Source Neighborhood: Toccoa
Parcel Number: 039B123
Subdivision: Toccoa
Source System Name: C2C
$1,000,000
FMLS
Listing removed 2024-05-17
$0
GeorgiaMLS
Price Changed 2024-02-26
$1,150,000
GeorgiaMLS
Listed 2024-02-22
$1,199,900
GeorgiaMLS
Construction Materials: Shingle Siding, Vinyl Siding
Levels: Three Or More
Property Age: 19
Property Condition: Resale
Roof: Composition
Electricity Available
Water Available
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.