CoolingCeiling Fan(s), Central Air, Heat Pump, Humidity Control, Zoned
BasementYes
WaterfrontLake Front
FireplaceBasement, Gas Log, Gas Starter, Great Room, Other Room, Outside
ViewLake, Mountain(s), Water
MLS #7364996
Lot Size2.18 Acres
StatusAccepting Backup Offers (Active Under Contract)
About 287 Ray Point Ln
Inspired by the Adirondack Great Camps of the late 1800's and the Great Log Lodges of the American West, this enchanting three-story log house is like nothing else on Lake Rabun. The entire property is accessible with an elevator to all three floors and ramps to all exterior locations. There are 8 bedrooms in the main house and a separate guest suite in the carriage house. This stunningly furnished house is being offered FULLY FURNISHED, "turn key" with the watercraft included. There are currently beds to sleep 24 guests! This property is 2.1 acres, Fee Simple and zoned Vacation Cottage which permits rentals. There is parking for 10 cars on the property. The outstanding location and proximity to the main highway makes this property even more desirable. With paved roads from the main highway to the driveway it's approximately a 10 minute drive to the shops at Lakemont, 15 minutes to Clayton or Hall's Boathouse. Situated directly across from the Dike on Lake Rabun, there is no better viewing for the 4th of July fireworks than from Collins Cove! Custom designed by R.D. Davidson and the owners, masterfully constructed by Larry Gibson with only the finest materials, this house is one of a kind FABULOUS! Enter the front door from the stunning porte cochere or conveniently access by the kitchen door for unloading. The majestic Great Room with 24+ft ceilings, a 24ft tall stone fireplace, tree poles and captivating lake views is jaw dropping! This great room's open floor plan expands further with a wide covered porch that runs the length of the house. The deck's walkway connects to the pavilion style, 2 stall Boathouse with large sun deck and screened porch for ping pong or picnics while enjoying the lake breeze. Savor all the water sport activities the lake offers from the swim dock, the private sandy beach or boathouse. Collins Cove boasts one of the largest private coves and beaches on Lake Rabun. Adjacent to the Boathouse is the multi sports court for Pickleball, Badminton or Volleyball. A Firepit and outdoor shower round out the outdoor amenities. The house has two wells and water filtration system along with a "main level" generator to keep it running smoothly. All that activity stimulates the appetite but a Gourmet Kitchen is prepared to handle crowds with style. With custom made cabinetry and honed granite counters, Thermador appliances including a Thermador 4 burner range with griddle, two dishwashers, two sinks & ice machine, no one will be hungry. The Main Level has two bedrooms, the Primary bedroom suite and a large Bunk room with 4 sets of bunk beds & bath. Also a convenient Laundry room and half bath are on the main level. The Upper Level has 3 Bedroom suites, with two of bedroom suites boasting private balconies to enjoy spectacular views of the lake. The Terrace Level has a cozy entertainment room with fireplace and opens on to the spacious stone patio which leads to the firepit and sandy beach. There is a second Laundry room, and a multi-purpose room for either an office/computer or exercise room. Of the 3 Bedroom suites, two have beautiful views of the lake. If you have dreamed of owning a unique lake house and want the BEST of Lake Rabun, THIS IS YOUR DREAM COME TRUE and the house is FULLY FURNISHED AND INCLUDE THE WATERCRAFT!
Property Details
Property Features
Property Information:
Architectural Style: Rustic
Year Built: 2009
Living Area: 7,775 SqFt
Listing Office:
Office Name: Atlanta Fine Homes Sotheby's International
Listing Agent: Yetty Arp
Interior Features
Interior Information:
Appliances: Dishwasher, Dryer, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Washer
Basement: Yes
Flooring Type: Carpet, Wood, Terrazzo
Interior: Beamed Ceilings, Bookcases, Cathedral Ceiling(s), Central Vacuum, Elevator, Entrance Foyer, High Ceilings 9 ft Upper, High Ceilings 9 ft Lower, High Ceilings 10 ft Main, High Speed Internet, Wet Bar
Fireplace: Basement, Gas Log, Gas Starter, Great Room, Other Room, Outside
Bedroom and Bathroom Information:
Partial Bathrooms: 2
Full Bathrooms: 8
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Private Pool: No
Waterfront: Lake Front
View: Lake, Mountain(s), Water
Exterior: Balcony, Gas Grill, Private Yard, Private Entrance
This property is $5.5M more than the Median List Price and $493/SqFt more than other homes in Lakemont, GA.
Based on homes listed in the last 12 months
MLS Details
MLS Information:
MLS Name: First Multiple Listing Service
MLS Number: #7364996
Listing Office:
Office Name: Atlanta Fine Homes Sotheby's International
Listing Agent: Yetty Arp
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$29.9K
Per Month
Principal & Interest
$29.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$18K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Rabun County Elementary School
1115 E Boggs Mountain Rd
Distance between this listing and this school4.11 miles
Public District Grades 3-6
Middle School
8
/10
Rabun County Middle School
95 Wildcat Pride Way
Distance between this listing and this school4.36 miles
Public District Grades 7-8
High School
8
/10
Rabun County High School
230 Wildcat Hill Dr
Distance between this listing and this school4.05 miles
Public District Grades 9-12
Assigned Schools
6
/10
Rabun County Elementary School
1115 E Boggs Mountain Rd
Distance between this listing and this school4.11 miles
Public District Grades 3-6
Nearby Schools
6
/10
Woodville Elementary School
911 Historic Old Highway 441
Distance between this listing and this school7.57 miles
Public District Grades KG-5
7
/10
Clarkesville Elementary School
6539 Highway 115
Distance between this listing and this school12.40 miles
Public District Grades PK-5
Assigned Schools
8
/10
Rabun County Middle School
95 Wildcat Pride Way
Distance between this listing and this school4.36 miles
Public District Grades 7-8
Nearby Schools
8
/10
North Habersham Middle School
1500 Wall Bridge Rd
Distance between this listing and this school10.35 miles
Public District Grades 6-8
6
/10
Wilbanks Middle School
3115 Demorest Mount Airy Hwy
Distance between this listing and this school15.23 miles
Public District Grades 6-8
Assigned Schools
8
/10
Rabun County High School
230 Wildcat Hill Dr
Distance between this listing and this school4.05 miles
Public District Grades 9-12
Nearby Schools
6
/10
9th Grade Academy
171 Raider Cir
Distance between this listing and this school15.20 miles
Public District Grades 9-9
6
/10
Habersham Central High School
2059 State Hwy 197 South
Distance between this listing and this school15.38 miles
The neighbors living near this home have an average income of $62,745. Typical income of Lakemont, GA residents is between $35k-100k annually. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 287 Ray Point Ln
What is the listing price of this property?
The listing price of 287 Ray Point Ln property is $5,995,000.
What type of property is this?
The property 287 Ray Point Ln is a house located in Lakemont, Georgia, 30552.
Is this property for sale now?
Accepting Backup Offers: 287 Ray Point Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 287 Ray Point Ln are: Rabun County Elementary School: GreatSchools Rating 6/10Rabun County Middle School: GreatSchools Rating 8/10Rabun County High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $12,848 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 287 Ray Point Ln has 6 bedrooms and 8 full and 2 half bathrooms.
What is the square footage of this property?
The property 287 Ray Point Ln is 7,775 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 287 Ray Point Ln is 2009.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 287 Ray Point Ln in Lakemont, GA and zip code 30552. This 7,775 square foot home, which was built in 2009, sits on a 2.18 acre lot. Features: 6 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since April 08, 2024 and is currently priced at $5,995,000.
In March 2024 in Lakemont, GA there were 16.7% less homes for sale than in February 2024. While the average time on the market in March 2024 was 64 days, the median list price was $492,000.
From Rocket Homes Real Estate and based on county public records data.