$999,500
$756K PRICE DROP

17 Water Wheel Ln Rabun Gap, GA 30568

Estimated payment $5,821/month

Total Views 19,905
5 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Private Waterfront
  • Mountain View
  • Private Lot
  • Barn
  • Fireplace in Primary Bedroom
  • Wooded Lot

About This Home

This home exudes the well-preserved charm and character of a bygone era-featuring craftsmanship that is hard to find anywhere else. This 1920's two-story mill house boasts a living room with hand-hewn beams and an open, airy structure replete with stunning views of a cascading waterfall, making any gathering unique. The property includes 2.5 baths, a dining room, a full kitchen, and 5 bedrooms, including a master bedroom with an ensuite bathroom and its own fireplace. The home comfortably accommodates up to 11 guests-the Mill House Estate warmly welcomes all. 17 Water Wheel sits majestically at the headwaters of the Little Tennessee River on Keener Creek in Rabun Gap, Georgia-a picturesque agricultural community considered one of the most desirable places to live. Nestled at the intersection of the Blue Ridge Lake Region (Lakes Burton, Rabun, and Tallulah) and the Highlands-Cashiers Plateau of Western North Carolina, adventure is just a short drive away, whether you're an outdoor, art, or food enthusiast. In the county, you'll also find Rabun Gap-Nacoochee School, one of the largest coeducational, college-preparatory boarding schools in the South, serving boarding and day students from Pre-K through 12th grade. Additionally, the Habersham County Airport (FAA Identifier: AJR) is a scenic 40 miles away, featuring a 5,503 x 100 ft (1,677 x 30 m) paved asphalt runway designed to accommodate most private planes and offering refueling capabilities. Private planes can land at this international private jet airport, and several companies offer charter services to and from the airport - there is more than one company available. (For airport complete technical info - OR call listing broker) ALL OFFERS CONSIDERED - CORPORATE OWNED - FINANCING AVAILABLE.

Listing Agent

JC Fagundes

YOLO Realty GA License #294424 Listed on: 05/11/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,606

Year Built

  • Built in 1984

Lot Details

  • 1.2 Acre Lot
  • Home fronts a stream
  • Private Waterfront
  • River Front
  • Private Lot
  • Level Lot
  • Wooded Lot
  • Garden

Parking

  • Parking Pad

Home Design

  • Country Style Home
  • Cabin
  • Slab Foundation
  • Wood Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • 2 Fireplaces
  • Factory Built Fireplace
  • Double Pane Windows
  • Two Story Entrance Foyer
  • Mountain Views

Kitchen

  • Convection Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Split Bedroom Floorplan

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Water Feature
  • Veranda

Schools

  • Rabun County Primary/Elementar Elementary School
  • Rabun County Middle School
  • Rabun County High School

Farming

  • Barn

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Spring Lake Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,606

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential
  • District: 00
  • Section: 00
  • Year Built: 1984
  • ArchitecturalStyle: Country/Rustic
  • Levels: Two
  • Lot Size Acres: 1.20
  • Other Sturctures: Barn(s)
  • Property Sub-Type: Single Family Residence
  • Structure Type: Cabin, Loft
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Convection Oven, Dishwasher, Microwave
  • Bedrooms: 5
  • Basement: None
  • Interior Amenities: Beamed Ceilings, Split Bedroom Plan, Two Story Foyer
  • Full Bathrooms: 3
  • Fireplace Features: Factory Built, Master Bedroom
  • Flooring: Carpet, Hardwood
  • Window Features: Double Pane Windows

Beds/Baths

  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Bedroom Main Level: 2

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Wood Siding
  • ExteriorFeatures: Garden, Veranda, Water Feature
  • Foundation Details: Slab
  • Lot Features: Level, Private
  • Property Condition: Resale
  • Roof: Wood
  • View: Mountain(s)
  • Waterfront Features: Creek, Private

Garage/Parking

  • Parking Features: Parking Pad

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Heat Pump
  • Heating: Central, Forced Air, Heat Pump, Hot Water
  • Laundry Features: Other
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Rabun County Primary/Elementar
  • High School: Rabun County
  • High School Bus: No
  • Middle School: Rabun County
  • Middle School Bus: No
  • Elementary School: Rabun County Primary/Elementar
  • Middle School: Rabun County
  • High School: Rabun County

Lot Info

  • Land Lot: 00
  • Lot: 00
  • Plat Book: 00
  • Plat Page: 00

Multi Family

  • Total Fireplaces: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3606

MLS Schools

  • Elementary Bus Line: No

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,671 $228,698 $96,000 $132,698
2023 $3,949 $215,755 $96,000 $119,755
2022 $3,749 $204,821 $96,000 $108,821
2021 $3,606 $192,314 $96,000 $96,314
2020 $3,520 $181,476 $96,000 $85,476
2019 $3,545 $181,476 $96,000 $85,476
2018 $3,558 $181,476 $96,000 $85,476
2017 $3,412 $194,338 $96,000 $98,338
2016 $3,188 $169,102 $96,000 $73,102
2015 $3,373 $175,144 $96,000 $79,144
2014 $3,391 $175,144 $96,000 $79,144
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Price Changed $999,500 0.0% --
07/16/2025 07/16/25 For Sale $999,500 0.0% --
07/16/2025 07/16/25 Price Changed $999,500 -8.7% $330 / Sq Ft
06/30/2025 06/30/25 Off Market $1,095,000 -- --
06/11/2025 06/11/25 Price Changed $1,095,500 0.0% $362 / Sq Ft
05/23/2025 05/23/25 Price Changed $1,095,000 0.0% --
05/23/2025 05/23/25 Price Changed $1,095,000 -8.4% $361 / Sq Ft
05/02/2025 05/02/25 Price Changed $1,195,000 0.0% --
05/01/2025 05/01/25 Price Changed $1,195,000 -7.7% $394 / Sq Ft
04/18/2025 04/18/25 Price Changed $1,295,000 0.0% --
04/17/2025 04/17/25 Price Changed $1,295,000 -7.2% $427 / Sq Ft
04/09/2025 04/09/25 Price Changed $1,395,000 0.0% --
04/09/2025 04/09/25 For Sale $1,395,000 0.0% --
04/09/2025 04/09/25 Price Changed $1,395,000 0.0% $460 / Sq Ft
04/09/2025 04/09/25 For Sale $1,395,000 -20.1% $460 / Sq Ft
03/31/2025 03/31/25 Off Market $1,745,000 -- --
03/31/2025 03/31/25 Off Market $1,745,000 -- --
08/08/2024 08/08/24 Price Changed $1,745,000 0.0% --
06/28/2024 06/28/24 Price Changed $1,745,000 -0.6% $576 / Sq Ft
05/13/2024 05/13/24 Price Changed $1,755,000 0.0% $579 / Sq Ft
05/11/2024 05/11/24 For Sale $1,755,000 +900.0% --
05/11/2024 05/11/24 For Sale $175,500 -- $58 / Sq Ft
Source: Georgia MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed -- --
Deed $635,000 --
Deed $635,000 --
Deed $517,000 --
Deed $517,000 --
Deed -- --
Deed -- --
Warranty Deed $435,000 --
Warranty Deed $435,000 --
Warranty Deed $95,000 --
Warranty Deed $95,000 --
Warranty Deed $82,500 --
Warranty Deed $82,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $374,000 New Conventional
Previous Owner $400,000 New Conventional
Previous Owner $410,000 New Conventional
Previous Owner $50,000 New Conventional
Source: Public Records

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Source: Georgia MLS

MLS Number: 10298612

Georgia MLS

APN: 030B-008