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.
Active
Price cut: $26K (8/25)
$549,000
555 Rainbow Lake Dr, Dawsonville, GA 30534
4beds
3,114sqft
Single Family Residence, Residential, Cabin
Built in 1992
0.31 Acres Lot
$535,100 Zestimate®
$176/sqft
$-- HOA
What's special
Lake viewsOpen floor planVaulted great roomGorgeous lake frontage
- 86 days
- 1,543
- 99
Zillow last checked:
Listing updated:
Listed by:
Catherine Rumble,
Bent Tree Community Realty Inc. 770-617-8426,
Chris Rumble,
Bent Tree Community Realty Inc.
Source: FMLS GA,MLS#: 7782564
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Den
Primary bedroom
- Features: Master on Main, Split Bedroom Plan
- Level: Master on Main, Split Bedroom Plan
Bedroom
- Features: Master on Main, Split Bedroom Plan
Primary bathroom
- Features: Double Vanity, Separate Tub/Shower
Dining room
- Features: Seats 12+
Kitchen
- Features: Breakfast Bar, Cabinets Stain, Stone Counters, View to Family Room
Heating
- Heat Pump
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher
- Laundry: In Basement
Features
- Double Vanity, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Ceramic Tile, Concrete, Hardwood
- Windows: Double Pane Windows
- Basement: Daylight,Exterior Entry,Finished,Full,Interior Entry
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,114
- Total interior livable area: 3,114 sqft
- Finished area above ground: 1,767
- Finished area below ground: 1,347
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Electrical and Environmental Controls
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Front Porch, Wrap Around
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Lake
- Body of water: None
- Frontage length: Waterfrontage Length(84)
Lot
- Size: 0.31 Acres
Details
- Additional structures: Outbuilding
- Parcel number: 055 048
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence, Residential, Cabin
Materials
- Log
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 1992
Utilities & green energy
- Electric: Other
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Electricity Available, Phone Available, Water Available
Green energy
- Energy efficient items: Insulation, Windows
- Energy generation: None
Community & HOA
Community
- Features: Lake
- Security: Security Service, Security System Owned
- Subdivision: Rainbow Valley Estates
HOA
- Has HOA: No
Location
- Region: Dawsonville
Financial & listing details
- Price per square foot: $176/sqft
- Tax assessed value: $355,250
- Annual tax amount: $2,310
- Date on market: 6/4/2026
- Cumulative days on market: 86 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
$535,100
$508,000 - $562,000
$2,415/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Price change | $549,000-4.5%$176/sqft |
Source: | ||
| 6/5/2026 | Listed for sale | $575,000-4%$185/sqft |
Source: | ||
| 11/17/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/6/2023 | Listed for rent | $2,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/10/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/17/2023 | Listed for rent | $2,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/28/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/20/2022 | Listed for rent | $2,300$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/4/2022 | Listing removed | $599,000$192/sqft |
Source: | ||
| 8/3/2022 | Listed for sale | $599,000$192/sqft |
Source: | ||
| 4/6/2022 | Listing removed | $599,000$192/sqft |
Source: | ||
| 4/4/2022 | Listed for sale | $599,000$192/sqft |
Source: | ||
| 3/7/2022 | Listing removed | $599,000$192/sqft |
Source: | ||
| 3/3/2022 | Listed for sale | $599,000$192/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,311 +0.8% | $142,100 +0.8% |
| 2024 | $2,292 -0.3% | $140,936 +0.8% |
| 2023 | $2,298 +14.5% | $139,856 +49.2% |
| 2022 | $2,008 +8.6% | $93,728 +14.7% |
| 2021 | $1,849 -2.2% | $81,740 +2.3% |
| 2020 | $1,891 | $79,900 +11.7% |
| 2019 | $1,891 +10.6% | $71,500 |
| 2018 | $1,710 +26.6% | $71,500 +26.6% |
| 2017 | $1,351 | $56,498 +9.5% |
| 2016 | $1,351 +9.5% | $51,603 +0.1% |
| 2015 | $1,234 +12.2% | $51,533 +19.4% |
| 2014 | $1,100 | $43,169 +14.9% |
| 2013 | $1,100 | $37,583 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 30534
Nearby schools
Schools provided by the listing agent
- Elementary: Robinson
- Middle: Dawson County
- High: Dawson County
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





