Thank you
Kelly Derosa
CRYE07
770-710-1776
Quiet, private, and pristine revenue generating equestrian estate/farm on almost 52 acres features three (3) contiguous parcels containing three (3) revenue generating homes. The main property (588) features a 2,200 SF three bedroom, 2 bath log lodge which overlooks the private lake. Every window at the back of the Lodge has a unique and spectacular view of the water. The main bedroom features a spectacular en suite bathroom, spacious walk-in closet, and private 2 nd floor balcony overlooking the lake. The post-and-beam construction covered back porch affords shaded and relaxing views of the lake, pastures, and fire pit. The Lodge's fire pit deck is 20' by 20' with seating for 20 and features a masonry fire pit with open fire articulating grill grate and smoke hooks. The Lodge property contains a professionally constructed 4-bay firing range with covered firing points, a 12'x12' elevated and enclosed blind for hunting or target practice, 100, 200 and 300+ yard shooting benches and manicured food plots. The entire property is accessed by over 2 miles of interior roads. Trophy deer and hog hunting take place on this property, and private dove shoots are possible. The lake is well stocked with bass, bream and catfish and numerous bass over 10 lbs. have been caught (and released) over the past 15 years of ownership by the current owners. The Lodge property also contains a large metal storage building on a concrete slab, and a spacious post-and-beam construction pole barn with 2 nd floor hayloft. The pole barn is a perfect candidate for additional lake-view living quarters. The Lodge property is used as a short-term rental (Airbnb, VRBO, direct book), wedding venue, and weekend/vacation home by the current owners when not rented. Short-term rental revenues are significant and will service $1 million or more of debt. This property is under an active conservation easement which minimizes the annual tax liability. The middle home (602) is a classic early 1900's farmhouse that has seen various stages of renovation, and features high ceilings, heart pine floors, and authentic shiplap walls. It is a long-term rental on a fresh 2-year lease with fantastic tenants who have lived on the farm for 4 years. The "Cottage" (624) has been completely and professionally renovated and is also a long- term rental on an annual lease by fantastic tenants who are in their 2 nd year living on the farm. The pastures are well maintained and currently occupied by a half-dozen "brood mare" quarter horses. The nearest non-farm "neighbor" is over a mile away. There's plenty of room for an estate sized home on the farm so that the new owners can have their cake and eat it too with a property that generates a significant amount of revenues to apply toward a potential mortgage. The farm currently generates approximately $7,000 per month on average but there are banner months where the revenues are significantly higher. Leases transfer with ownership as does the 5-star short-term rental business. Bookings already extend into 2024. All the possibilities are here! Come, make this your oasis! Additional pics available upon request along with AirBNB listings for full info! Convenient to I-75, shopping, restaurants, & schools. DO NOT APPROACH PROPERTIES W/O CONFIRMATION OF APPT!? 588 - 3 beds, 2 bath, 2,200 Square Feet 602 - 2 beds, 1 bath, 875 Square Feet 624 - 2 beds, 1 bath, 850 Square Feet Shelnut Rd (624) = 5.3 acres, (602)? = 3.7 acres, (588) = 42.77 acres
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Total Bedrooms : 3
Bedrooms On Upper Level: 1
Bedrooms On Lower Level: 0
Main Bedrooms: 2
Room Type: Laundry,Den,Great Room
Window Features: Insulated Windows
Total Baths: 2
Full Baths: 2
Half Baths: 0
Full Baths Main: 1
Baths Full Lower: 0
Baths Full Upper: 1
Water Source: Well
Sewer: Septic Tank
Kitchen: Breakfast Bar,Kitchen Island
Dining Room: Separate Room
Bookcases,High Ceilings,Beamed Ceilings,Rear Stairs,Tile Bath
Flooring: Hardwood,Tile
Electric Water Heater,Dishwasher,Oven/Range (Combo),Refrigerator
Cable Available,Electricity Available,High Speed Internet,Phone Available
Ceiling Fan(s),Central Air
Wood,Electric,Central,Other
Number of Fireplaces: 1
Fireplace Features: Wood Burning Stove
Built Year: 1980
Roof Type: Metal
Basement: None
Levels: Multi/Split
Property Age: 44
Garden,Other,Dock
Accessible Entrance
In Mud Room,Other
Deck,Porch,Patio
Fenced,Other
Log
Resale
Lot Size (Acr): 51.77
Lot Size Source: Public Records
Lot Features: Level,Private,Sloped,Pasture
Property Type: Residential
Property Sub Type: Mixed Use
Structure Type: Cabin,House,Other
Subdivision: NONE
City: Locust Grove
State: GA
Directions: From Atlanta I-75 S, exit at Jackson Exit. Hwy 16 West to left on Dean Patrick, turn right at Shelnut Rd. Property on the left starting at #624, then 602 and then 588 parcels.
Property Status: Active
Original List Price: $2,449,999
Annual Tax: $5642
Tax Year: 2022
Home Warranty Paid: No
Parking: 20
Parking Features: Carport,RV/Boat Parking,Off Street
Association: No
Association Fee Includes: None
Community Features: None
Elementary School: Daughtry
High School: Jackson
High School Bus: Yes
Middle School: Henderson
Middle School Bus: Yes
Source Neighborhood: NONE
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Highway 42, Locust Grove, GA,30248 | $84,400 | -- | -- | -- | 1.91 Acres |
14 Peeksville Road, Locust Grove, GA,30248 | $150,000 | -- | -- | -- | 0.459 Acre |
1704 Panorama Drive, Locust Grove, GA,30248 | $299,000 | -- | -- | -- | 1.5 Acres |
NONE S Lester Mill Road, Locust Grove, GA,30248 | $1,700,000 | -- | -- | -- | 42.46 Acres |
390 Higgins Road, Locust Grove, GA,30248 | $40,000 | -- | -- | -- | 2.83 Acres |
1227 Fendt Drive, Locust Grove, GA,30248 | $377,900 | 5 | 2 | 2,596 | 0.41 Acre |
Bethlehem Road #LL235 .., Locust Grove, GA,30248 | $400,000 | -- | -- | -- | 24.75 Acres |
1204 Fendt Drive, Locust Grove, GA,30248 | $377,900 | 5 | 2 | 2,596 | 0.41 Acre |
620 Kyle Court, Locust Grove, GA,30248 | $21,000 | -- | -- | -- | 0.261 Acre |
5281 Heron Bay Boulevard, Locust Grove, GA,30248 | $580,501 | 4 | 4 | 3,050 | 0.437 Acre |
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2024 Georgia MLS. All rights reserved.
ByOwner last updated this listing 04/28/2024 @ 04:06
MLS: 20121002
LISTED BY: Kelly DeRosa , CRYE07
SOURCE: Georgia MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.