Status: Active
7650 Rico Rd
Chattahoochee Hills, GA 30268
$185,000
------/mo*
CalculateNestled in a beautiful gated community, this 1-bedroom, 1-bath lake cottage combines cozy comfort with rustic character. Surrounded by serene natural beauty, private boat dock, upper deck and a peaceful swing in the sunroom—perfect for savoring sunsets and spotting deer, birds, and other local wildlife. An ideal escape for quiet lakefront living or relaxing weekend getaways. Located on picturesque Lake Rico and just minutes from Serenbe, this property offers a unique opportunity to join a one-of-a-kind neighborhood. The Rico Corporation owns the land; purchases are cash only (no mortgages), and buyers become stockholders in the corporation with a separate $10,000 buy-in, receiving a 99-year lease on the property paid in two parts $1900 per year. Prospective buyers should review all Rico Corporation documents, and lease terms prior to scheduling a showing. Due to community regulations, Weissman Law is the preferred attorney for all transactions.
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- Bedrooms
- 1
- Baths
- 1
- House Size
- 1,053 sqft
- Year Built
- 1960
- Lot Size
- 0.23 ac
Location
Market Insights
In the last 30 days, homes for sale in 30268, Palmetto, GA were on the market for a median of 68 days and 0% of homes sold above list price.
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Get StartedInterior Information
- appliances
- Dishwasher
- Dryer
- Electric Oven
- Refrigerator
- Washer
- basement
- Crawl Space
- cooling
- Central Air
- features
- Breakfast Bar
- Other
- fireplace
- None
- flooring
- Carpet
- heating
- Central
- laundry features
- Main Level
- view
- Lake
- Rural
- Trees/woods
Exterior Information
- features
- Dock
- Other
- fence
- Back Yard
- patio and porch
- Deck
- pool
- None
- road responsibility
- Private Maintained Road
- road surface
- Asphalt
- roof
- Shingle
Property Information
- architectural style
- Bungalow
- community
- Park
- construction
- Vinyl Siding
- foundation
- Block
- lot
- Back Yard
- Landscaped
- other structures
- Boat House
- parking
- Driveway
- security features
- Security Gate
- sewer
- Septic Tank
- subdivision name
- Rico Lake #25
- utilities
- Electricity Available
- Other
- water source
- Private
- Well
- Listed By Susanna Powell
- (404) 229-0690
- Atlanta Fine Homes Sotheby's International
- (404) 874-0300
- listings@atlantafinehomes.com
- MLS 7633439
Tax History
Date | Property Tax | Land | Additions | Tax Assessment |
|---|---|---|---|---|
| 2023 | $1,872 (0%) | $0 | $165,800 | $165,800 (0%) |
| 2022 | $1,872 (-20.6%) | $0 | $165,800 | $165,800 (+3%) |
| 2021 | $2,356 (0%) | $0 | $161,000 | $161,000 (+1.2%) |
| 2020 | $2,356 | $0 | $159,100 | $159,100 |
Tax data provied by Attom
Monthly Payments Calculator
Estimated Monthly Cost
$1,331
30 year fixed·6.9% interest rate
- Principal & Interest
- $975
- Property Taxes
- $156
- Home Insurance
- $200
- HOA Fees
- $0
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
