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7650 Rico Road Unit: 23

7650 Rico Road Unit: 23, Chattahoochee Hills, GA 30268
7650 Rico Road Unit: 23

7650 Rico Road Unit: 23


Rare opportunity to become a part of the private, secluded and charming Rico Lake Community in rural Chattahoochee Hills. Hidden in the woods behind a privacy gate with a winding drive circling the lake, this enclave is largely unknown. There are only 30 lots, each lakefront, and currently only 23 of those lots have homes. This well-maintained cottage is on a heavily wooded lot overlooking the lake and has its own boathouse. The expansive covered porch offers fantastic views and plenty of space for alfresco dining and enjoying nature. A large sunroom spans the width of the house and overlooks the lake. The roomy living and dining area is completely open with beautiful wood floors, wood walls and a vaulted ceiling. The kitchen has plentiful cabinets and a large island. There are two bedrooms, two full bathrooms, and a large laundry room with a storage closet and access to the garage. The 3-car garage is tucked away behind the house. Lots in Rico Lake are leased, so typical mortgage loans are not permitted. The buyer's interest will be a leasehold interest in the land and fee title to the improvements located thereon. Additionally, the Buyer will be required to purchase one share of stock in Rico Corporation for $25,000 and become a shareholder (one of only 30). Rico Corporation owns all the land (about 150 acres) including the 23-acre lake and 30 lots. Shareholders lease their individual lots from Rico Corporation but co-own the entire community with the other shareholders. Current lot rent is $1,500/year. Please read all governing documents or contact listing agent for a detailed understanding of this beautiful lake community and its unique style of ownership. It isn't for everyone, but may be perfect for you!
Dawn Scarbrough
Dawn Scarbrough Contact

Features & Amenities


Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Kitchen Breakfast Bar, Kitchen Island
Laundry Room In Hall
Flooring Carpet, Hardwood, Laminate
Appliances Dishwasher, Dryer, Electric Water Heater, Oven/Range (Combo), Refrigerator, Washer
Other Interior Features Master On Main Level, Vaulted Ceiling(s)


Water Source Well
Utilities Electricity Available
ROOF Composition
Lot Features Sloped
Parking Attached, Garage, Garage Door Opener, Kitchen Level, Side/Rear Entrance
Heat type Central, Electric, Heat Pump
Air Conditioning Ceiling Fan(s), Central Air, Electric, Heat Pump
Sewer Septic Tank
Substructure Stone, Vinyl Siding
HOA Amenities Gated, Lake, Park
Other Exterior Features Dock, Deck, Porch, Boat House, Stationary Dock

Area & Lot

Status For Sale
LOT SIZE 0.869 Acres
MLS® ID 10213928
Year Built 1990
Neighborhood Chattahoochee Hills
Architecture Styles Bungalow/Cottage
Water Frontage Y
View Description Lake


SALES PRICE $445,000
HOA Fees $1,500

Schedule a Showing

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

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Thank you for your interest in 7650 Rico Road Unit: 23, Chattahoochee Hills, GA 30268. We are reviewing your request and will be in touch shortly!

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