$109,900
●
Land -
For Sale
LOT 104 River Knoll Trail
Ellijay, GA 30540
Studio
0 Bath
$659
Est. Monthly
$63
HOA / Fees
About This Property
Calling all Boaters, Fishermen and Lake Lovers! Within minutes of
Carters Lake, this 1.22 acre lot has amazing long-range views and
is located in a gated community on a cul-de-sac in one of Ellijay's
most upscale mountain communities. Great for investors and STR's
are allowed. Underground utilities including high speed fiber
internet and community water. Community development plans include a
private pool, pavilion, nature parks with firepit, community areas
& a kayak launch to Carters Lake. Lake boat ramp is approximately 2
miles from Jakes Landing where you will find a beautiful 1 mile
hiking trail called Tumbling Waters Trail. Tumbling Waters Trail
leads to an amazing waterfall. Carters Lake also offers many
waterside picnic tables for enjoying some really good fishing.
Unit Size
-
Days on Market
19 days
Land Size
1.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
$57
HOA Dues
$63
Year Built
-
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 20 days ago (GAMLS #10875882)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2026 | Listed by Coldwell Banker High Country | $109,900 | |
| Listed by Coldwell Banker High Country | |||
| Jun 18, 2025 | Listed | $114,000 | |
| Listed | |||
| | |||
|
Calling all Boaters, Fisherman and Lake Lovers, within minutes of Carters Lake, This 1.22 acre lot has amazing long-range views and is located in a gated community on a cul-de-sac in one of Ellijay's most upscale mountain communities. Great for investors and STR's are allowed. Underground utilities including high speed fiber internet and community water. Community development plans include a private pool, pavilion, nature parks with firepit, community areas & a kayak launch to Carters Lake. Lake boat ramp is approximately 2 miles from Jakes Landing where you will find a beautiful 1 mile hiking trail called Tumbling Waters Trail. Tumbling Waters Trail leads to an amazing waterfall. Carters Lake also offers many waterside picnic tables for enjoying some good fishing.
| |||
Property Highlights
Exterior Details
Lot Features: Cul-De-Sac
Lot Size Area: 53143.2
Lot Size Units: Square Feet
Lot Size Acres: 1.22
Lot Size Square Feet: 53143.2
Water Source: Well
Financial Details
Tax Annual Amount: $682
Utilities Details
Sewer : None
Location Details
HOA Fee: $750
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Gilmer
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Listed by: Melani Grindley, Coldwell Banker High Country
Last Updated: 20 days ago
Data Source: GAMLS, MLS# 10875882
Last Updated: 20 days ago
Data Source: GAMLS, MLS# 10875882
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Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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