190 Summit View Lane
About This Property
Welcome to 190 Summit View Lane - a stunning luxury mountain retreat offering panoramic LONG RANGE YEAR ROUND VIEWS, elegant finishes, and a flexible floor plan ideal for full-time living or a high-end second home. Located of all paved roads at the end of a quiet cul-de-sac in an upscale gated, all-paved community with a saltwater pool and clubhouse, this custom home features 3,032 sq ft of finished space with 4 bedrooms, 4.5 bathrooms, a 2-car garage, and 1,790 sq ft of partially finished basement with 10-ft ceilings-already stubbed for a full bath and kitchenette- Ideal for a long-term rental suite, in-law apartment, or an expansive game/media room with a second master suite and bar area. Inside, you'll find soaring ceilings, real hardwood floors, and a bright open-concept living space with a marble gas-log fireplace, formal dining, and a designer kitchen featuring stainless steel appliances, oversized island, farmhouse sink, tile backsplash, breakfast area, and a hidden butler's pantry. The main-level primary suite offers a luxurious escape with a spa-like bath and walk-in closet. Laundry room and 1/2 bath are also located on the main floor. Upstairs, you'll find three private guest suites, each with its own tiled en-suite bath and walk-in closet. The basement has room to expand and already has the plumbing added for expansion. The covered back porch is made for year-round enjoyment-boasting a second gas fireplace, TV mount, and breathtaking views. Additional features include a laundry room with sink, natural gas, public water and public sewer, ETC fiber internet, cable, all paved road access and excellent cell service. HOA includes road maintenance, community entry/landscaping, clubhouse, and pool. short-term rentals are not allowed. Just minutes from Gilmer County Schools, downtown Ellijay, vineyards, hiking, and boutique shopping-this home combines modern luxury with North Georgia charm. Furniture negotiable in the home!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 27, 2026 | Sold | ||
| Sold | |||
| Jan 7, 2026 | In contract | - | |
| In contract | |||
| Nov 28, 2025 | Listed by RE/MAX Town And Country | $740,000 | |
| Listed by RE/MAX Town And Country | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017