Sold
$999,500
5 beds · 3 baths · 3,030 sqft
17 Water Wheel Lane, Rabun Gap, GA 30568
Overpriced
Priced about $448,061 (81%) above comparable homes. Estimated market value $551,439, based on 309 comparable homes in the metro.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
This home exudes the well-preserved charm and character of a bygone era—featuring craftsmanship that is hard to find anywhere else. This 1920’s two-story mill house boasts a living room with hand-hewn beams and an open, airy structure replete with stunning views of a cascading waterfall, making any gathering unique. The property includes 2.5 baths, a dining room, a full…
PoolBasementNo HOA
Listing remarks courtesy of YOLO Realty GA, LLC · Sold by Poss Realty.
· FMLS #7385748404-801-4141
$6,834/mo est.
with $99,950 down · $999,500 list price*
Buyer services · Veribas Real Estate LLC — not the listing broker unless noted above
Connect with a lender · no credit check*Estimate — 30-yr fixed at 6.75% APR with taxes & insurance. Not a loan offer.
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Home details
5
Beds
3
Baths
3,030
Sqft
1984
Built
1.2 ac
Lot
2
Veribas Rental Valuation
If you rented it out · estimated from sale value
$4,200/morange $3,700 – $4,7005.0% gross yield
Estimated from this home's value — not enough similar rentals nearby for a direct comparison.
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$7,126/mo
Principal & interest$5,834
Property taxes$1,000
Home insurance$292
Down payment$99,950 (10%)
Interest rate6.750%
Estimates only — taxes at 1.2%/yr and insurance at 0.35%/yr of price. Get exact terms from a lender via pre-qualification.
Value & price history
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Schools
Rabun CountyElementary
Rabun CountyMiddle
Rabun CountyHigh
Location
2 sold
Listed by
YOLO Realty GA, LLC · Sold by Poss Realty
Source: FMLS · #7385748
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© 2026 Veribas Real Estate LLC · (833) 837-4227 · Georgia Broker Lic. H-81905 · Qualifying Broker: Ahsan Charania, GREC #417366. Veribas Real Estate LLC is a licensed Georgia real estate brokerage. We are not a lender or mortgage loan originator; all financing is provided by independent NMLS-licensed lenders, and payment figures on this site are estimates only. Listing information is deemed reliable but not guaranteed and should be independently verified. We are committed to the federal Fair Housing Act and the Equal Credit Opportunity Act.
