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For sale

$1,895,000

Price cut $100,000

Est. monthly cost

$10,584/mo

17 Water Wheel Lane, Rabun Gap, GA 30568

Listing by Poss Realty

Beds
3
Baths
3
Sq ft
3,030
Lot
1.2 acres

About this home

Come see this amazing property! Nighttime showings are encouraged and welcome! Steeped in Appalachian history and fresh off an extraordinary, top-to-bottom master renovation, the iconic 17 Water Wheel Lane offers a once-in-a-lifetime chance to own the historic Dickerson Mill on Keener Creek. This breathtaking estate seamlessly attaches to the preserved gristmill, where the massive waterwheel has been fully revived to functional glory and can be viewed alongside the vintage equipment room through new interior picture windows. The complete overhaul features a new roof, new heat/AC systems, new wiring, new lighting, new interior wood paneling, new stain on exterior, extensive stone work, new stone on chimney exterior, new designer lighting, a custom kitchen boasting a historic "Antique Belgian workbench" island with Big Chill appliances, a main-level European bathroom with an Antique French fountain sink, and a luxurious primary suite complete with a solid teak bathtub and an antique brick fireplace. The great room with 2 story ceiling, antique post and beam structure, with expansive new picture windows and glass doors frame spectacular, unmatched views of the roaring waterfall, rushing trout stream, and the turning wheel from almost every room. The exterior is a premier entertainment paradise, showcasing a new main-level covered deck with a gas-lined outdoor kitchen, a new upper deck anchored by a massive stone arch, a large outdoor deck, covered wet bar, gazebo, hot tub with a waterfall view, a ZEN garden, and a winding boardwalk path leading to the waterfall. All are beautifully illuminated by professional landscape lighting. There is a creekside beach with a swimming hole for those hot Summer days. Complemented by a two-car garage with a pull-through drive, this mountain masterpiece is tucked away in scenic Wolffork Valley in the heart of the Blue Ridge Mountains, just minutes from the Rabun Gap-Nacoochee School, the historic Dillard House, Black Rock Mountain State Park, downtown Clayton's exceptional dining, and the pristine waters of Lakes Rabun and Burton. Note: This property is served by a shared septic system configuration, which has been in active use for approximately 40 years. The seller has provided detailed records, including a recorded deed of easement, a 1989 health department letter regarding the layout and shared use of the drain field, and a December 2022 septic tank inspection letter. Prospective buyers and their agents should review the documentation and perform independent due diligence to verify the system's status and suitability.

Type
Cabin,Single Family Residence
Year built
1984
Price per sq ft
$625
HOA
None
Garage
—
Property tax (2025)
$3,631/yr
Listed
—
MLS #
10788200

Features

Waterfront

Interior

Beamed Ceilings · High Ceilings · Tile Bath · Vaulted Ceiling(s)

Appliances

Dishwasher · Dryer · Range · Refrigerator · Tankless Water Heater · Washer

Exterior

Water Feature

Heating

Electric · Heat Pump

Cooling

Electric · Heat Pump

Flooring

Other

Lot

Waterfall

Property details

Interior

Bedrooms on main level:
0
Primary bedroom on main:
No
Fireplaces:
2
Fireplace features:
Living Room, Master Bedroom
Laundry:
In Hall, Laundry Closet
Levels:
Two

Exterior and lot

Lot size:
1.2 acres
Patio and porch:
Porch
Other structures:
Garage(s), Other, Outbuilding, Shed(s)
Waterfront features:
Stream, Creek

Construction

Architectural style:
Rustic
Construction materials:
Wood Siding
Roof:
Metal
Foundation:
Block, Pillar/Post/Pier, Slab
Property condition:
Resale

Utilities

Sewer:
Septic Tank
Water source:
Well
Utilities:
Electricity Available, Propane

Parking

Parking total:
2
Parking features:
Garage, Detached, Off Street

Community and HOA

HOA:
No

Taxes and financial

Annual tax amount:
$3,631 (2025)

Monthly cost

Estimated monthly cost

$10,584/mo

Principal & interest
$9,334
Property taxes
$303
Home insurance
$948

$379,000

Estimate only. Taxes use the listing's most recent figure where available; insurance assumes 0.6% of price per year, typical for the area, not including flood cover. Mortgage insurance applies below 20% down.

Price & status history

DateEventPrice
Sep 25, 2026Listed for sale$1,995,000

Schools

  • Rabun

    Elementary

  • Rabun

    Middle

  • Rabun

    High

School assignments can change — verify with the district before you buy.

Location

Listing information

Listing office:
Poss Realty
Listing ID:
10788200
Status:
For sale

Source: Georgia MLS · Updated 2m ago · Nov 13, 2026, 11:15 AM ET

Georgia MLS

Listings courtesy of Georgia MLS. Listing information © 2026 Georgia MLS. All rights reserved. Each listing names its listing firm.

© 2026 Georgia MLS. All rights reserved. Information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by GAMLS. Last updated Nov 13, 2026, 11:15 AM ET

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