Looking for the perfect lake home or investment property? This charming 4-bedroom, 2-bath cabin-style retreat in the short-term rental friendly community of The Village at Kowaliga Bay has it all! Tucked away on a quiet cul-de-sac, this beautifully decorated home is being sold fully furnished - including brand-new living room furniture - making it truly move-in or rental ready. Step inside to a spacious living room featuring a cozy wood-burning fireplace, seamlessly flowing into a galley-style kitchen with a convenient breakfast bar and laundry area complete with washer and dryer. The split floor plan comfortably sleeps up to 10 guests. The private owner's suite offers a king bed and en-suite bathroom with another bedroom featuring a twin bed with trundle. On the opposite side of the home, two more bedrooms provide ample space - one with a queen bed and the other with two sets of bunk beds - alongside a shared full bathroom. Enjoy the outdoors from the large screened-in porch, furnished with a brand new outdoor furniture set - perfect for relaxing or catching a game on the Smart TV. An additional open-air porch features an outdoor dining table and gas grill, ideal for entertaining family and friends. The spacious backyard offers plenty of room for outdoor games like horseshoes or bocce, while the enclosed area beneath the home provides generous storage for all your lake toys, plus a concrete pad with power for golf-cart storage. Best of all - you are just a quick one-minute ride to the lake! Residents of The Village at Kowaliga Bay enjoy access to fantastic amenities - including a clubhouse, pool, fitness center, boat ramp, community boat slips and on-site boat storage - all within a welcoming, water-access community. Whether you're searching for a peaceful lake getaway or a rental investment opportunity, this property checks every box!
For sale
Price cut: $15.4K (3/26)
$484,500
121 Martin Ridge Trce, Tallassee, AL 36078
4beds
2baths
--sqft
Est.:
Single Family Residence
Built in 2021
0.5 Acres Lot
$477,100 Zestimate®
$--/sqft
$-- HOA
What's special
Beautifully decorated homeCozy wood-burning fireplaceConvenient breakfast barSplit floor planGalley-style kitchen
- 88 days |
- 640 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Elisabeth (Beth) Brown 850-257-3990,
LAH Sotheby's International Realty Lake Martin
Source: LMMLS,MLS#: 26-105
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Has Heating (Unspecified Type)
Cooling
- Has cooling: Yes
Features
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Property
Parking
- Parking features: No Garage
Features
- Stories: 1
- Patio & porch: Screen Porch, Deck, Porch
- Has view: Yes
- On waterfront: Yes
- Body of water: Lake Martin
Lot
- Size: 0.5 Acres
- Features: Lot Remarks, Wooded, Views
Details
- Parcel number: 0707260001026.011
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 2021
Community & HOA
Community
- Subdivision: The Village at Kowaliga Bay
Location
- Region: Tallassee
Financial & listing details
- Tax assessed value: $394,000
- Annual tax amount: $1,970
- Date on market: 1/23/2026
Estimated market value
$477,100
$453,000 - $501,000
$1,581/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2026 | Price change | $484,500-3.1% |
Source: | ||
| 3/8/2026 | Price change | $499,900-1.8% |
Source: | ||
| 1/23/2026 | Listed for sale | $509,000+6.2% |
Source: | ||
| 5/20/2025 | Sold | $479,500-1.1% |
Source: Public Record Report a problem | ||
| 4/21/2025 | Contingent | $484,900 |
Source: | ||
| 4/4/2025 | Listed for sale | $484,900-9.4% |
Source: | ||
| 10/16/2023 | Listing removed | -- |
Source: | ||
| 8/11/2023 | Listed for sale | $535,000+65.9% |
Source: | ||
| 8/25/2021 | Sold | $322,501 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,970 -0.8% | $78,800 -0.8% |
| 2024 | $1,987 +13.4% | $79,460 +13.4% |
| 2023 | $1,753 +6.7% | $70,100 +6.7% |
| 2022 | $1,643 +988.1% | $65,720 +988.1% |
| 2021 | $151 | $6,040 |
| 2020 | $151 | $6,040 |
| 2018 | $151 | $6,040 |
| 2017 | $151 | $6,040 +0.1% |
| 2016 | $151 | $6,034 -80% |
| 2014 | $151 | $30,170 |
Find assessor info on the county website
Monthly payment
Est. payment
$2,491/mo
Principal & interest
$2366
Property taxes
$125
More affordability tools
Climate risks
Neighborhood: 36078
Getting around
3 / 100
Car-DependentNearby schools
GreatSchools rating
- 8/10Tallassee Elementary SchoolGrades: PK-4Distance: 10.3 mi
- 8/10Southside Middle SchoolGrades: 5-8Distance: 11.2 mi
- 4/10Tallassee High SchoolGrades: 9-12Distance: 10.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Alabama
- Elmore County
- Tallassee
- 36078
- 121 Martin Ridge Trce





