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.
Active
$1,900,000
201 Mountainside Pkwy, Ellijay, GA 30536
6beds
6,284sqft
Residential
Built in 2002
3.21 Acres Lot
$-- Zestimate®
$302/sqft
$100/mo HOA
What's special
Surrounding north georgia mountainsStunning lake viewsFull saunaHot tubUpdated studio apartmentBreathtaking sceneryLuxury accommodations
- 20 days
- 601
- 47
Zillow last checked:
Listing updated:
Listed by:
Scott Parrott 951-533-4551,
Keller Williams Elevate,
Legacy Mountain Group 706-258-8105,
Keller Williams Elevate
Source: NGBOR,MLS#: 435331
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
- Main level bedrooms: 2
Rooms
- Room types: Den, Living Room, Breakfast Room, Kitchen, Laundry, Bonus Room, Loft, Media Room
Primary bedroom
- Level: Upper
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Refrigerator, Cooktop, Range, Oven, Microwave, Dishwasher, Washer, Dryer, Trash Compactor
- Laundry: In Basement, Laundry Room
Features
- Ceiling Fan(s), Wood, Loft, Sauna, Entrance Foyer, Eat-in Kitchen, High Speed Internet
- Flooring: Wood, Tile
- Windows: Wood Frames
- Basement: Finished
- Number of fireplaces: 3
- Fireplace features: Vented, Wood Burning
- Furnished: Yes
Interior area
- Total structure area: 6,284
- Total interior livable area: 6,284 sqft
Video & virtual tour
Property
Parking
- Parking features: Carport, Asphalt
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Front Porch, Deck, Covered, Patio, Open
- Exterior features: Storage, Fire Pit, Garage Apartment
- Pool features: Community
- Has spa: Yes
- Spa features: Heated
- Fencing: Fenced
- Has view: Yes
- View description: Mountain(s), Year Round, Lake, Creek/Stream, Trees/Woods
- Has water view: Yes
- Water view: Lake,Creek/Stream
- Waterfront features: Creek, Lake Front, Pond, Creek Access
- Body of water: Turkey Creek,Lake Montag
- Frontage type: Road,Creek,Lakefront
Lot
- Size: 3.21 Acres
- Topography: Sloping
Details
- Additional structures: Barn(s), Guest House, Additional Dwelling Unit
- Parcel number: 3115 031J
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Residential
Materials
- Timber/Pole Frame, Log, Wood Siding, Log Siding
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Septic Tank
- Water: Private
Community & HOA
Community
- Features: Gated, Pool, Lake Access
- Subdivision: Falling Waters
HOA
- Has HOA: Yes
- HOA fee: $1,200 annually
Location
- Region: Ellijay
Financial & listing details
- Price per square foot: $302/sqft
- Tax assessed value: $1,205,800
- Annual tax amount: $7,145
- Date on market: 8/20/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Listed for sale | $1,900,000-20.8%$302/sqft |
Source: NGBOR #435331 Report a problem | ||
| 5/1/2026 | Listing removed | $2,399,900$382/sqft |
Source: NGBOR #421134 Report a problem | ||
| 2/9/2026 | Price change | $2,399,900-14.3%$382/sqft |
Source: | ||
| 1/8/2026 | Listed for sale | $2,800,000+308.8%$446/sqft |
Source: NGBOR #421134 Report a problem | ||
| 10/31/2019 | Sold | $685,000-5.5%$109/sqft |
Source: NGBOR #282006 Report a problem | ||
| 7/22/2019 | Listing removed | $725,000$115/sqft |
Source: Harry Norman, REALTORS #8454977 Report a problem | ||
| 9/18/2018 | Listed for sale | $725,000-18.5%$115/sqft |
Source: Harry Norman, REALTORS� #6075566 Report a problem | ||
| 6/18/2018 | Listing removed | $890,000$142/sqft |
Source: REMAX Town & Country- BR Fain Street #273848 Report a problem | ||
| 2/7/2018 | Listed for sale | $890,000$142/sqft |
Source: REMAX Town & Country- BR Fain Street #273848 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,145 -0.5% | $482,320 |
| 2024 | $7,181 -3.1% | $482,320 |
| 2023 | $7,414 -0.2% | $482,320 +28.9% |
| 2022 | $7,429 +13.7% | $374,320 +26% |
| 2021 | $6,534 +16% | $297,040 +16% |
| 2020 | $5,631 -13.3% | $256,000 -10.7% |
| 2019 | $6,494 +12.1% | $286,760 +13.6% |
| 2018 | $5,792 | $252,480 +14.3% |
| 2017 | $5,792 | $220,800 |
Find assessor info on the county website
Monthly payment
Est. payment









