427 N Lake Drive Ellijay, GA $ 474,900
427 N Lake Drive
$ 474,900
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427 N Lake Drive

Ellijay, GA, 30536
$ 474,900
Bedrooms4 Baths3.0

Monthly Estimate*

$ 2,999

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Single Family Home for sale in Ellijay, GA

for $474,900 with 4 bedrooms and 3 full baths. This home was built in 2003 on a lot size of 0.4.

Mountain Charm Meets Lakefront Living in Walnut Mountain Take a look at this meticulously maintained lakefront home located in the sought-after gated community of Walnut Mountain in beautiful Ellijay, Georgia. Surrounded by wooded privacy and beautiful views, this exceptional property captures everything there is to love about North Georgia mountain living. From the moment you step inside, you'll appreciate the warm, inviting cabin feel. Pine flooring flows throughout the main level, while the spacious family room features a beautiful stone fireplace and built-in bookcase. The charming kitchen offers a beamed ceiling, an island, quartz counters, abundant cabinetry, and a retro-style gas range that adds the perfect touch of character. Filled with natural light, the sunroom doubles beautifully as a home office and overlooks the peaceful wooded surroundings. The completely renovated primary suite is conveniently located on the main level and features an updated private bath. You will enjoy the 2 car garage on main equipped with an EV charger. Upstairs, you'll find two additional spacious bedrooms, each offering an incredible three closets-an unexpected amount of storage rarely found in a mountain home. The finished terrace level provides even more room to relax, entertain, or accommodate guests. Enjoy a second family room with a wood-burning heater, an additional bedroom and full bath, plus one of the home's most unique features-the former safe room has been transformed into a fun and inviting brew pub! Outdoor living is truly a highlight. The expansive terrace-level deck features a gorgeous stone fireplace, outdoor kitchen, plenty of room for entertaining, and even a dedicated covered area for your smoker. Don't forget the fire pit area over looking the lake! It's the perfect setting for cool mountain evenings, weekend gatherings, and enjoying the natural beauty that surrounds you. Walnut Mountain offers a true mountain lifestyle with gated access, swimming pool, tennis, hiking trails, and beautiful lakes for fishing and canoeing. Whether you're looking for a full-time residence or mountain retreat, this special lakefront home offers the perfect combination of comfort, character, privacy, and outdoor living in the heart of Ellijay. Short term rentals are allowed and this home is being sold furnished. (List of items that remain will be provided.

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Single Family Active

Price

$ 474,900

Bedrooms

4

Full Bath

3

Property Type

Single Family

Taxes

$ 1,542

Style

Rustic

Lot Size

0.4

Year Built

2003

Town/City

Ellijay

County/Region

Gilmer

MLS | Web ID

10825002

Features
General
Sewer Septic Tank
Heating Central Electric Forced Air Propane
Cooling Ceiling Fan(s) Central Air Electric
Utilities Cable Available Electricity Available High Speed Internet Phone Available Underground Utilities Water Available
Roof Composition
Appliances Dishwasher Microwave Range Refrigerator
HOA Fee 2086
Association Fee Includes Private Roads Security Swimming Tennis Water
Patio/Porch Features Deck Patio
Architectural Style Rustic
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Wood Siding
Year Built 2003
Electric 220 Volts
View Lake
Levels Two
Property Subtype Cabin Single Family Residence
Tax Year 2025
Waterfront Features Lake Lake Privileges
Community Features Gated Lake Pool Tennis Court(s)
County Gilmer
New Construction false
Property Type Residential
HOA true
Attached Garage false
Subdivision Name Walnut Mountain
Garage Y/N true
Full Baths 3
Status New
Directions From HWY 515 go East on 52 turn left on Turniptown Rd (3.5 miles) to Walnut Mountain. First Gate on left Gate 1. GPS will get you to the home.
High School Gilmer
City Ellijay
Body of Water None
Lot Size Units Square Feet
Lot Size Square Feet 17424
Carport Y/N false
Elementary School Ellijay
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 1542
Home Warranty Y/N false
Middle/Junior High School Clear Creek
Property Condition Resale
Structure Type Cabin
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Interior Amenities Beamed Ceilings Bookcases Master On Main Level Tile Bath Walk-In Closet(s) Wet Bar
Basement Bath Finished Daylight Exterior Entry Finished Full Interior Entry
Flooring Hardwood Tile Vinyl
Total Fireplaces 1
Fireplace Features Basement Family Room Wood Burning Stove
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N true
Above Grade Finished Area 0
Half Baths 0
Laundry Features Other
Total Bedrooms 4
Below Grade Finished Area 0
Main Level Bedrooms 1
Main Level Bathrooms 1
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Kitchen Features Breakfast Area Breakfast Room Kitchen Island Solid Surface Counters
Total Baths 3
Dining Room Features L Shaped
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Exterior
Vegetation Partially Wooded
Parking Features Garage Kitchen Level
Lot Features Private
Water Source Private
Total Parking 2
Lot Size Area 17424
Building Area Total 0
Lot Size Acres 0.4
Frontage Type Lakefront
Lot Size Source Public Records
Waterfront Y/N true
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* Excluded Features

Affordability Calculator

$3,127
Per Month
96%
4%
0%
Monthly Principal & Interest
$2,999
Monthly Property Taxes
$129
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4661487 Elementary School
4134484 Middle School
Gilmer High School High School
Pricing History
DatePricePrice ChangeDescription
8/13/2026$474,900 Listed Price

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427 N Lake Drive, Ellijay, GA, 30536 is a Single Family Home for sale at $474,900 with a lot size of 0.4. 427 N Lake Drive has 4 bedrooms, 3.0 baths, and was built in 2003. The property's zip code is 30536 which is in Ellijay, GA