4305 Yonah Dam Rd

A granite stone cabin on a quarter acre bordering Panther Creek outside Toccoa, Georgia, listed at $249,000. The cabin is 1,259 square feet, three bedrooms and two bathrooms, built in 1950, with a screened porch and a stacked deck overlooking the creek below.

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The land is leased, not owned

Before anything else: this is a quarter-acre lot leased from Georgia Power, not a fee-simple parcel. The listing states the property sits on Georgia Power leased land and that no short-term rentals are permitted under that lease. A leased-land purchase changes how financing, resale, and long-term ownership work compared to buying the ground outright, and it’s worth understanding the lease terms in full, including its length and renewal conditions, before you get attached to the setting.

The setting itself is real. The cabin backs onto more than 6,200 acres of Chattahoochee National Forest, with Panther Creek running along the property and the Tugaloo River visible nearby. The aerial photos show the creek running a rust-orange color past the cabin, consistent with the iron-rich water common to this part of the Georgia foothills.

Walkthrough

Inside, the main living space opens up under soaring vaulted wood ceilings, with a large stone fireplace anchoring the room floor to roof.

The kitchen is original in character, white appliances and wood cabinets set against the same stone wall that runs through the living area. The listing notes new plumbing with an on-demand water heater and a newly installed two-zone heat pump, both upgrades to the mechanicals rather than the finishes.

Two bedrooms and one bathroom are on the main level, with a third bedroom and bathroom upstairs in a loft that overlooks the living room below. Both bathrooms have been updated with glass-enclosed showers.

If below-market mountain and river properties like this one are the category you’re watching, foreclosure.com tracks a wider list of distressed and bank-owned listings beyond the regular market, including others in rural lake and river markets like this one.

Outside

The cabin’s real draw is outside it. A screened porch and a stacked deck step down the hillside toward the creek, and the listing describes sitting on the deck and listening to the water below. The photos back that up: the creek runs close enough to the structure that the decks appear to overlook it directly.

The listing mentions trout fishing, hunting for deer, turkey, hog and bear on the adjoining national forest land, and access to hiking, biking and kayaking from the property. Lake Yonah’s boat ramp is under a mile away and Walkers Creek Boat Ramp on Lake Hartwell is under two miles, both per the listing. None of those amenities are things we can confirm beyond what the listing states, so treat the recreational claims as the agent’s framing rather than something these photos independently prove.

The facts

What to know before you call

The leased-land status is the single most important thing to understand before making an offer here. Ask the agent directly for the lease term, the renewal process, how it affects financing, and what happens to the structure if the lease is ever not renewed. A cabin this close to national forest and a trout stream is genuinely rare, but the ground under it works differently than a typical purchase.

The property is priced at $249,000, listed three days ago as of this writing with no other price-history detail worth reporting beyond that.

This is our first property in the Toccoa, Georgia market, and we don’t yet have a Georgia hub page linking into it. Anyone comparing it against other river and mountain properties can see everything currently listed. If you’re tracking a broader list of below-market properties beyond this one, foreclosure.com is worth a look, and it’s where we send readers who ask us for a tool like this.

Skye Haney at Hammock Realty North Georgia is the listing agent and handles showings. Reach her through the brokerage. More like this lands in the Monday email, including more deals like this one, which you can also track directly through foreclosure.com.