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Exquisite 3900 Sf Home W/10ac Overlooks Cascading Waterfall on Lookout Mtn, Al $389,000. Second Home, Land Also Avail.

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616 County Road 245

Fort Payne, AL 35967

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$389,000 $1,623*
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Contact this seller Single Family Home 4 3 full baths
2 half baths
3900 1982 De Kalb DTW4159



Main House, NE View
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Highlights and Description

  • 4 bedrooms
  • 3 full bathrooms
  • 2 half bathrooms
  • Split-Level style construction
  • 2 stories
  • Built in 1982
  • Property is on 55 acres
  • Lot size is 10 acres (approx)
  • Views of farm or ranch, field or prairie, general scenic, general water view, hills, mountains, valley, woods and forest
  • Electric Heat Pump heating system
  • Electric Heat Pump cooling system
  • Septic system sewer
  • Has a fireplace
  • 2-car Garage (detached)
  • Barn or stable included
  • High efficiency appliances
  • Has a hot-tub/Jaccuzzi
  • Recently renovated
  • Has a storage shed
  • Updated bathroom
  • Updated kitchen
  • Has a workshop
  • In the Dogtown neighborhood
  • Part of the Ruhama school district
  • $650 estimated taxes (yearly)
  • Average utilities: $250.00
REDUCED AGAIN !                  REDUCED AGAIN!                   REDUCED AGAIN!
    
Natural Treasures are not normally for sale, but you can OWN this one.  Will it be your family retreat or a mini-resort?  Only you can decide.

This breathtaking, one-of-a-kind getaway is up Lookout Mountain from Fort Payne, AL, and is perfectly situated 1 hour from Chattanooga, 1 1/2 hours from Huntsville and Birmingham and 2 hours from Atlanta. It features an exquisite home on 10 acres +/- bordering on a deep canyon.  It was originally constructed in 1982, but was extensively renovated in 2002-2003.  The dining room, studio and master suite were added as were many upgrades such as hardwood floors throughout, granite countertops and stainless steel appliances in the kitchen, ceramic tile in bathrooms and laundry room and a new metal roof.  The home overlooks a beautiful 70 foot cascading waterfall, and boasts approximately 3900 sq. ft. of living space including the 900 sq. ft. heated sun room. The sun room has a fully equipped second kitchen for outdoor entertaining and there is an additional 600 sq. ft. of porch that is screened and covered, from which you can hear the cascade of the waterfall.   The home has 4 bedrooms, 3 full baths and 2 half baths, laundry room, workout room, separate dining room, and office.   The large living room has vaulted ceilings and a beautiful soapstone wood stove set against custom built-in bookshelves. Take your choice of master suites.  The downstairs suite showcases a large bedroom convenient to the living room and dining area.  The upstairs suite features a sitting area overlooking the waterfall, and a deep 2-person jetted hot-tub inlaid with glass is in the master bath.  Additional buildings include a 1000 sq ft detached garage and workshop with storage above, a wood shed and a gazebo. The land is mostly wooded, but there is a 4-acre fenced horse pasture with shed, water and electricity. Additionally, there is a small campground featuring three RV spaces with full electrical, water and septic hookups.  The price for this parcel is $389,000, or if expansion is your desire, it may be purchased with 23 acres for $449,900.  The additional acreage offers many incredible home sites with fantastic views of the canyon.

The second home showcases a lovely cottage sitting on a cliff overlooking the rushing stream at the bottom of a deep canyon, nestled amongst the trees for maximum privacy.  It is 1680 sq. ft. on 11 acres (approx) with 2 bedrooms and 2 full baths with attached garage and includes a large heated and cooled sun room overlooking the canyon.  The second residence is currently used as a well-established vacation rental, on track to gross over $30,000 this year.  It would also make a superb full-time rental or could be an ideal, private in-law residence or a home for those adult children returning to your formerly empty nest.  You can add the second home with approximately 11 acres for an additional $229,000.   

If you desire more land, an additional 30 acres (approx), much of it bordering on the canyon with astounding building sites are also available for an additional price of $130,000.  This land is on the opposite side of the canyon from the two houses.  It is mostly wooded but includes a 7-acre field currently growing hay. 

Deep Step Creek runs through this entire property and there are numerous large rock formations to explore.  Spring is absolutely breathtaking with lots of forsythia, mountain laurel, wild azalea, hydrangea and dogwoods. Autumn is equally beautiful as the property is covered with hardwood forest, and the fall colors are spectacular.    The opportunity is negotiable to purchase both homes furnished if desired. 

PHOTOS DO NOT DO THIS PROPERTY JUSTICE.  YOU MUST SEE IT TO BELIEVE IT!!!  For additional information, please call the owners, Larry and Lynda, at 256-845-4170 or e-mail us at shambala52@yahoo.com .  
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 * Est. payment based on 20% down and a 30-year fixed rate mortgage of 4.75%

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