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162 Fairy Cross Lane
Mineral Bluff, GA 30559
$889,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2520
Property Description
GORGEOUS LAYERED MOUNTAIN VIEWS | FULLY FURNISHED & DECORATED | TURNKEY LUXURY VACATION RENTAL I SLEEPS 10 | END OF THE ROAD PRIVACY AND UNRESTRICTED I 3 ACRES W/ HIKING TRAIL I Welcome to Fairy Cross Chalet, where you will find luxury living and stunning natural beauty blended to perfection! This three-story, three-bed, three-bath MODERN MOUNTAIN CHIC STYLE cabin is situated on three wooded acres atop a peak in the town of Mineral Bluff, minutes from Downtown Blue Ridge and its famous Blue Ridge Scenic Railway, restaurants, and shops. As you enter the home, you will find the Great Room with a 25-foot, wood-beamed cathedral style ceiling, living room, dining room with stunning live-edge wood table, floor-to-ceiling stacked stone wood-burning fireplace, panoramic windows with breathtaking sunset-facing mountain views, an open-concept kitchen with breakfast bar and pantry, bedroom, full bath, and laundry room. The Great Room leads out to an expansive forty-foot-wide covered deck with two ceiling fans and wood-burning fireplace overlooking the sloped backyard, private forest, and mountain views. This mountain chalet boasts 25 windows, revealing nature views wherever you choose to spend time in the home. The upper floor includes the master bedroom with vaulted, wood-beamed ceilings and ensuite bathroom with shower, jetted tub, and picture window, as well as a separate office loft space. The terrace floor offers an entertainment haven you will never want to leave, with a 14-foot-long sofa, high-end ping pong table, 85" TV, colorful framed movie posters, granite wet bar with mini-fridge, full-size old-fashioned popcorn machine and leads out to yet another forty-foot-wide covered deck, this one with barbecue, picnic table, fairy lights and jacuzzi tub. The terrace level also includes a bunk bedroom, full bathroom with tub, spacious owner's closet, and utility room. This is not your traditional mountain cabin. Its many rustic wood surfaces are blended with clean white walls to create an open, modern concept that is truly must see. The owners have lovingly and tastefully upgraded numerous aspects of the initial build. Inside upgrades include all stainless-steel appliances, granite countertops, stainless steel cable staircase railings, sleek engineered hardwood floors, custom wood blinds, memory foam mattresses, all matte black lighting and plumbing hardware, whole house water filtration system, and full furnishings and decor down to the vases and wall art. Outside upgrades include a metal roof, stainless steel cable deck railings, a private hiking trail, landscaping with large Georgia River Boulders flanking the front yard, a cozy firepit with comfy all-weather Adirondack chairs, hot tub, nest doorbell camera, backyard wildlife camera, alarm system, keyless entry, as well as an elevated 8-foot bear bin and firewood rack. Seller's agent may be contacted for a comprehensive list of upgrades and their associated cost. The area is known for its countless activities, including breweries and vineyards, horseback riding, whitewater rafting and tubing, golfing, fishing on the Toccoa River, fishing and watersports on Lake Blue Ridge, and some of the best hiking in the country with its proximity to the Appalachian Trail System. Fairy Cross Chalet is a wonderful place to live out your mountain dreams or generate income through its status as an established vacation rental. You won't find a more stunning blend of comfort and style.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
2021
MLS Number
7366202
Location
Address
162 Fairy Cross Lane
City
Mineral Bluff
State
GA
Zip Code
30559
County
FANNIN
Listing
Provider
RE/MAX Town & Country, original listing
Name
RE/MAX Town & Country
Phone
(770) 345-8211
Office Name
REMAX Town & Country Blairsville
Office Phone
(770) 345-8211
Agent Name
Kimberly Mayfield

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.