427 Lake Drive, Ellijay — Vesta
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Ellijay · 30536 · Gilmer - GA County

427 Lake Drive

Active Single Family Residence Walnut Mountain
$474,900
0.4 ac · 4 bd · 3 ba · 2,558 sqft · Single Family Residence · MLS# 7815800
Annual tax · $1,542
About this property

A 4-bedroom, 3-bath single family residence in Ellijay.

Mountain Charm Meets Lakefront Living in Walnut Mountain

Take a look at this meticulously maintained lakefront home located in the sought-after gated community of Walnut Mountain in beautiful Ellijay, Georgia. Surrounded by wooded privacy and beautiful views, this exceptional property captures everything there is to love about North Georgia mountain living.
From the moment you step inside, you’ll appreciate the warm, inviting cabin feel. Pine flooring flows throughout the main level, while the spacious family room features a beautiful stone fireplace and built-in bookcase. The charming kitchen offers a beamed ceiling, an island, quartz counters, abundant cabinetry, and a retro-style gas range that adds the perfect touch of character.
Filled with natural light, the sunroom doubles beautifully as a home office and overlooks the peaceful wooded surroundings. The completely renovated primary suite is conveniently located on the main level and features an updated private bath. You will enjoy the 2 car garage on main equipped with an EV charger.
Upstairs, you’ll find two additional spacious bedrooms, each offering an incredible three closets—an unexpected amount of storage rarely found in a mountain home.
The finished terrace level provides even more room to relax, entertain, or accommodate guests. Enjoy a second family room with a wood-burning heater, an additional bedroom and full bath, plus one of the home’s most unique features—the former safe room has been transformed into a fun and inviting brew pub!
Outdoor living is truly a highlight. The expansive terrace-level deck features a gorgeous stone fireplace, outdoor kitchen, plenty of room for entertaining, and even a dedicated covered area for your smoker. Don't forget the fire pit area over looking the lake! It’s the perfect setting for cool mountain evenings, weekend gatherings, and enjoying the natural beauty that surrounds you.
Walnut Mountain offers a true mountain lifestyle with gated access, swimming pool, tennis, hiking trails, and beautiful lakes for fishing and canoeing. Whether you’re looking for a full-time residence or mountain retreat, this special lakefront home offers the perfect combination of comfort, character, privacy, and outdoor living in the heart of Ellijay. Short term rentals are allowed and this home is being sold furnished. (List of items that remain will be provided.

4Beds
3Baths
2,558Sq Ft
0.4 acLot

Property details

Property

Property TypeResidential
Sub TypeSingle Family Residence
StatusActive
Year Built2003
Lot Size0.4 acres
CountyGilmer - GA · GA
Annual Tax$1,542
HOA Fee$2,086/Annually

Interior

Bedrooms4
Bathrooms3 (3 Full)
Square Feet2,558
Garage2 spaces
SubdivisionWalnut Mountain
ZIP30536
Days on Market1

Schools

ElementaryEllijay
MiddleClear Creek
High SchoolGilmer

Contact

Vesta CG(678) 249-0839
Emailvesta@vcgrealty.com
LicenseKW Intown Atlanta
Listed by Century 21 Lindsey and Pauley · Lydia Spink

Where it sits

Mortgage estimate

An estimate of your monthly payment, including principal, interest, taxes, and insurance. Property taxes for this listing are $1,542 annually.

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Frequently asked questions

How much does 427 Lake Drive cost?

427 Lake Drive is listed at $474,900 ($186/sqft).

How many bedrooms and bathrooms does this property have?

This property has 4 bedrooms and 3 bathrooms with 2,558 square feet of living space.

When was it built?

This property was built in 2003.

What schools serve this address?

Elementary: Ellijay. Middle: Clear Creek. High: Gilmer.

What is the lot size?

This property sits on 0.4 acres.

What are the property taxes?

Annual property taxes are approximately $1,542.

What are the HOA fees?

The HOA fee is $2,086 Annually.

How can I schedule a tour?

Use the form on this page, or contact Vesta Consulting Group at (678) 249-0839 or vesta@vcgrealty.com.

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Walk this property with Valerie

Want to walk this property?

If 427 Lake Drive feels like the one — or you want to compare it against two or three other Ellijay options — the next step is a private tour with Valerie. We'll meet you there.

Valerie Gonzalez · Buyer Specialist · Vesta Consulting Group

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MLS# 7815800 · Last updated 2026-08-14 13:38:35

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