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77 Old River
Dahlonega, GA 30533
$2,490,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
6957
Property Description
Nestled atop a breathtaking 14+ acre estate in Dahlonega, GA, 77 Old River Road is a sanctuary of luxury and tranquility. This exceptional residence offers a rare combination of elegance, privacy, and panoramic mountain vistas, making it the epitome of high-end mountain living. As you enter the impressive grounds, the grandeur of this home becomes immediately apparent. The beautifully landscaped driveway leads to an exquisite Southern Estate, overlooking the pristine North Georgia Mountains. The main level of the home boasts an open concept living space, designed with sophistication and comfort in mind. The oversized private primary wing features a cozy fireplace, updated bath, and a large deck with stunning views. A second bedroom with an ensuite, hardwood floors, elegant chandeliers, and a two-story foyer add to the main level's allure. The home offers a separate office/library, a bright living room with a fireplace, and a gourmet kitchen with a breakfast area, perfect for entertaining. The keeping room and screened porch, overlooking a serene koi pond, provide a peaceful retreat. The upper level includes a second spacious primary suite, additional bedrooms with versatile use, and a loft with mountain views. The fully finished basement is an entertainment haven, featuring a wet bar, second family room, and a bonus room suitable for a gym or theater. The estate's outdoor space is a true paradise, featuring architecturally designed landscapes, water features, and walking paths with handcrafted railings. Multiple decks, a huge front porch, and ample parking make this home ideal for gatherings. Located just minutes from Downtown Dahlonega, this property offers the perfect blend of seclusion and accessibility. With no HOA, recently renovated interiors, and rare dual primary suites, this home is a unique find for the discerning buyer seeking a luxurious mountain estate. This property is not just a home; it's a lifestyle. Offering opportunities for relaxation, entertainment, and outdoor adventures, it's perfect for those who appreciate the finer things in life and the peace and beauty of mountain living. Welcome to your personal retreat at 77 Old River Road, where luxury meets nature in perfect harmony. Contact the listing broker to schedule a showing today! Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. Photos may be virtually staged to assist buyers in visualizing the property's design potential. Contact the listing agent for more information or to schedule a private showing.
Property Information
Lot Size
14 acre(s) square ft
Property Type
Residential
Year Built
1994
MLS Number
10251018
Location
Address
77 Old River
City
Dahlonega
State
GA
Zip Code
30533
County
LUMPKIN
Listing
Provider
Gold Peach Realty, original listing
Name
Gold Peach Realty
Phone
(770) 283-1223
Office Name
Gold Peach Realty LLC
Office Phone
(770) 283-1223
Agent Name
Nicole Van den Bergh

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HUD Foreclosures

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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Foreclosure Listings Increasing

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.