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$2,449,999
315 Days Online

588 Shelnut Road
Locust Grove, GA 30248

For Sale|Single Family Home|Active
3
Beds
2
Full Baths
0
Partial Baths
2,200
SqFt
$1,114
/SqFt
1980
Built
County:
Butts

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588 Shelnut Road588 Shelnut Road588 Shelnut Road588 Shelnut Road
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Quiet, private, and pristine revenue generating equestrian estate/farm on almost 52 acres features three (3) contiguous parcels containing three (3) revenue generating homes. The main property (588) features a 2, 200 SF three bedroom, 2 bath log lodge which overlooks the private lake. Every window at the back of the Lodge has a unique and spectacular view of the water. The main bedroom features a spectacular en suite bathroom, spacious walk-in closet, and private 2 nd floor balcony overlooking the lake. The post-and-beam construction covered back porch affords shaded and relaxing views of the lake, pastures, and fire pit. The Lodge's fire pit deck is 20' by 20' with seating for 20 and features a masonry fire pit with open fire articulating grill grate and smoke hooks. The Lodge property contains a professionally constructed 4-bay firing range with covered firing points, a 12'x12' elevated and enclosed blind for hunting or target practice, 100, 200 and 300+ yard shooting benches and manicured food plots. The entire property is accessed by over 2 miles of interior roads. Trophy deer and hog hunting take place on this property, and private dove shoots are possible. The lake is well stocked with bass, bream and catfish and numerous bass over 10 lbs. have been caught (and released) over the past 15 years of ownership by the current owners. The Lodge property also contains a large metal storage building on a concrete slab, and a spacious post-and-beam construction pole barn with 2 nd floor hayloft. The pole barn is a perfect candidate for additional lake-view living quarters. The Lodge property is used as a short-term rental (Airbnb, VRBO, direct book), wedding venue, and weekend/vacation home by the current owners when not rented. Short-term rental revenues are significant and will service $1 million or more of debt. This property is under an active conservation easement which minimizes the annual tax liability. The middle home (602) is a classic early 1900's farmhouse that has seen various stages of renovation, and features high ceilings, heart pine floors, and authentic shiplap walls. It is a long-term rental on a fresh 2-year lease with fantastic tenants who have lived on the farm for 4 years. The "Cottage" (624) has been completely and professionally renovated and is also a long- term rental on an annual lease by fantastic tenants who are in their 2 nd year living on the farm. The pastures are well maintained and currently occupied by a half-dozen "brood mare" quarter horses. The nearest non-farm "neighbor" is over a mile away. There's plenty of room for an estate sized home on the farm so that the new owners can have their cake and eat it too with a property that generates a significant amount of revenues to apply toward a potential mortgage. The farm currently generates approximately $7, 000 per month on average but there are banner months where the revenues are significantly higher. Leases transfer with ownership as does the 5-star short-term rental business. Bookings already extend into 2024. All the possibilities are here! Come, make this your oasis! Additional pics available upon request along with AirBNB listings for full info! Convenient to I-75, shopping, restaurants, & schools. DO NOT APPROACH PROPERTIES W/O CONFIRMATION OF APPT!? 588 - 3 beds, 2 bath, 2, 200 Square Feet 602 - 2 beds, 1 bath, 875 Square Feet 624 - 2 beds, 1 bath, 850 Square Feet Shelnut Rd (624) = 5.3 acres, (602)? = 3.7 acres, (588) = 42.77 acres

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Listing Snapshot
Price 
$2,449,999
Days Online 
315 Days
Bedrooms 
3
Inside Area (SqFt) 
2,200 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
51.77 Acres
Year Built 
1980
MLS Number 
20121002
Status 
Active
Property Tax 
$5,642
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
4 months agoListing updated with changes from the MLS
4 months agoPrice changed to $2,449,999
10 months agoListing first seen online
General Features
Style 
Country/ Rustic
Construction 
Log
Parking 
CarportR V/ Boat ParkingOff Street
Parking Spaces 
20
Sewer 
Septic Tank
Basement 
None
Number of Stories 
Multi/Split
Acreage 
51.77
Water 
Well
Accessibility Features 
Accessible Entrance
Property Sub Type 
Mixed Use
Utilities 
Cable AvailableElectricity AvailablePhone Available
Interior Features
Cooling 
Ceiling Fan(s)Central Air
Heating 
WoodElectricCentralOther
Appliances 
Electric Water HeaterDishwasherOven/ Range ( Combo)Refrigerator
Flooring 
HardwoodTile
Interior 
BookcasesHigh CeilingsBeamed CeilingsRear StairsTile Bath
Fireplaces 
1
Fireplace Features 
Wood Burning Stove
Laundry Features 
In Mud RoomOther
Fireplace 
Yes
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Exterior Features
Roof 
Metal
View 
Seasonal ViewLake
Fencing 
FencedOther
Waterfront Property 
Yes
Waterfront Features 
Dock RightsLake AccessLake
Exterior 
GardenOtherDock
Lot 
LevelPrivateSlopedPasture
Patio And Porch 
DeckPorchPatio
Other Structures 
Barn(s)OutbuildingWorkshop
Community Features
Community Features 
None
Schools
School District
Unknown
Elementary School
Daughtry
Middle School
Henderson
High School
Jackson
Listing courtesy of Crye-Leike, Realtors ?



Information deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this office are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Copyright © 2020-present Georgia MLS. All rights reserved.
Data last updated at: 2024-03-29 02:25 PM UTC

Neighborhood & Commute
Source: Walkscore
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