Rainbow Homes with 1031 Exchange Terms

Welcome to Rainbow, a picturesque subdivision nestled in the heart of Ellijay, Georgia, within the charming Gilmer County. This enchanting community is surrounded by the stunning Blue Ridge Mountains, offering residents a serene escape where nature and comfort converge. With its lush landscapes, vibrant wildlife, and tranquil atmosphere, Rainbow is the perfect place for families, retirees, and anyone looking to embrace a peaceful lifestyle.

The homes in Rainbow are not just dwellings; they are gateways to a lifestyle enriched by the beauty of the North Georgia mountains. Each property is thoughtfully designed, showcasing a blend of modern amenities and rustic charm. Whether you’re seeking a cozy cabin retreat or a spacious family home, you’ll find a variety of options that cater to every taste and need.

One of the standout features of the Rainbow subdivision is the availability of homes with 1031 Exchange terms. This investment opportunity allows buyers to defer capital gains taxes on the sale of their properties, making it an attractive option for those looking to invest in real estate while maximizing their financial benefits. This unique feature is particularly appealing for savvy investors aiming to expand their portfolios in a thriving market.

Living in Rainbow means enjoying a vibrant community with easy access to outdoor activities, local wineries, and charming downtown Ellijay, known for its delightful shops and eateries. With its stunning natural beauty and investment-friendly opportunities, Rainbow is not just a place to live; it’s a lifestyle waiting to be embraced. Come experience the magic of Rainbow and discover your dream home today!

$679,500

4 Beds ⋅ 4 Baths ⋅ 10810918 MLS

180 YEAR-ROUND MOUNTAIN VIEWS | 4 BEDROOMS | 4 BATHROOMS | 2.94 PRIVATE ACRES | POOL | WHOLE-HOUSE GENERATOR | GATED COMMUNITY! Enjoy breathtaking panoramic mountain views from this beautifully maintained retreat on 2.94 private acres in a quiet gated community of approximately 36 homes, just 7 miles from downtown Ellijay with all paved roads. Ideal as a full-time residence, second home, or long-term rental (6+ month rentals permitted; no short-term rentals). The open main level features soaring ceilings, hardwood floors, a stacked stone wood-burning fireplace, and walls of windows showcasing the incredible year-round views. The kitchen offers granite countertops, tile backsplash, under-cabinet lighting, stainless steel appliances, pantry, and abundant cabinetry. The spacious primary suite includes a sitting room or office, walk-in closet, and ensuite with dual marble vanities, soaking tub, and oversized tile shower. A second bedroom and full bath complete the main level. Upstairs offers a second primary suite with a private balcony, ensuite bath, walk-in closet, and bonus room. The finished terrace level includes a fourth bedroom, fourth full bath, bonus room, storage, utility room, and oversized 3-car garage. Outside, enjoy the above-ground chlorine pool with surrounding deck, blueberry bushes, and exceptional privacy. Additional features include an attached carport plus a two-car carport, Low-E Argon vinyl windows (2015), HVAC (2021), new water heater (2025), professionally serviced 22KW whole-house generator, fiber internet, two HVAC systems, two water heaters, metal roof, and updated interior and exterior paint. HOA is approximately $560 per year with community well water at approximately $25 per month. Gilmer County homeowners who qualify for the senior homestead exemption (generally age 65+) may be exempt from paying the school tax portion of their property taxes. Conveniently located near apple orchards, wineries, Amicalola Falls, hiking trails and more!

55 Beauregards Knob, Ellijay

Listing courtesy of RE/MAX Town & Country.

Rainbow Homes with 1031 Exchange Terms

Newest Rainbow Homes with 1031 Exchange Terms