Nestled 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.
Closed
$180,000
7650 Rico Rd, Chattahoochee Hills, GA 30268
1beds
1,053sqft
Single Family Residence, Residential
Built in 1960
10,001.38 Square Feet Lot
$179,800 Zestimate®
$171/sqft
$1,518 Estimated rent
Home value
$179,800
$169,000 - $192,000
$1,518/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 07, 2025 at 10:51pm
Listing Provided by:
Susanna Powell,
Atlanta Fine Homes Sotheby's International 404-229-0690,
Evan McKinney,
Atlanta Fine Homes Sotheby's International
Bought with:
Randi Greene, 406585
Keller Williams Realty Atl Partners
Source: FMLS GA,MLS#: 7633439
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Features: Master on Main, Oversized Master
- Level: Master on Main, Oversized Master
Bedroom
- Features: Master on Main, Oversized Master
Primary bathroom
- Features: Tub/Shower Combo
Dining room
- Features: Great Room, Open Concept
Kitchen
- Features: Breakfast Bar, Solid Surface Counters, View to Family Room
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Oven, Refrigerator, Washer
- Laundry: Main Level
Features
- Other
- Flooring: Carpet
- Windows: None
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,053
- Total interior livable area: 1,053 sqft
- Finished area above ground: 1,053
Property
Parking
- Total spaces: 2
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Other, Dock
- Pool features: None
- Spa features: None
- Fencing: Back Yard
- Has view: Yes
- View description: Lake, Rural, Trees/Woods
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front
- Body of water: Other
- Frontage length: Waterfrontage Length(140)
Lot
- Size: 10,001 sqft
- Dimensions: 134 X 187 X 104 X 185
- Features: Back Yard, Landscaped
Details
- Additional structures: Boat House
- Parcel number: 08 170000730295
- On leased land: Yes
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1960
Utilities & green energy
- Electric: 110 Volts
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Available, Other
Green energy
- Energy efficient items: None
- Energy generation: None
Community & neighborhood
Security
- Security features: Security Gate
Community
- Community features: Park
Location
- Region: Chattahoochee Hills
- Subdivision: Rico Lake #25
Other
Other facts
- Listing terms: Cash
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Sold | $180,000-2.7%$171/sqft |
Source:  FMLS GA #7633439 Report a problem | ||
| 10/13/2025 | Pending sale | $185,000$176/sqft |
Source: FMLS GA #7633439 Report a problem | ||
| 8/18/2025 | Listed for sale | $185,000-48.6%$176/sqft |
Source: FMLS GA #7633439 Report a problem | ||
| 5/5/2025 | Sold | $360,000$342/sqft |
Source: FMLS GA #7556479 Report a problem | ||
| 4/20/2025 | Pending sale | $360,000$342/sqft |
Source: FMLS GA #7556479 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,275 -2.5% | $37,160 |
| 2023 | $1,308 -0.3% | $37,160 |
| 2022 | $1,312 -2.5% | $37,160 +3% |
Find assessor info on the county website
Neighborhood: 30268
Nearby schools
GreatSchools rating
- 6/10Palmetto Elementary SchoolGrades: PK-5Distance: 5.2 mi
- 6/10Bear Creek Middle SchoolGrades: 6-8Distance: 7.6 mi
- 3/10Creekside High SchoolGrades: 9-12Distance: 7.5 mi
Schools provided by the listing agent
- Elementary: Palmetto
- Middle: Bear Creek - Fulton
- High: Creekside
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$179,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$179,800