This $99,900 Victorian Mansion in Georgia Has 6 Bedrooms, 4,100 Square Feet, and a Wraparound Porch

Every so often a listing appears that makes you look twice at the price. A historic 1900 Victorian in the heart of Dawson, Georgia is on the market for just $99,900 — and it offers six bedrooms, more than 4,100 square feet of living space, soaring ceilings, original woodwork, and a sweeping wraparound porch. At roughly $24 per square foot, it is one of the most talked-about affordable historic homes for sale in the country right now, drawing thousands of views within days of hitting the market.

A Look Inside the 1900 Dawson Victorian

Built at the turn of the century, this stately Victorian was designed in an era when craftsmanship came standard. From the grand entry foyer you step into formal living and dining rooms with high ceilings, original fireplace mantels, transom windows, and the kind of detailed millwork that is almost impossible to reproduce today. Several rooms feature original gas fireplaces. The main level holds two bedrooms and a full bath, while four additional bedrooms sit upstairs alongside an unfinished bathroom that offers extra renovation potential. A second-floor balcony overlooks the half-acre corner lot.

The home is sold as-is and does need repairs and updating, but the bones, the footprint, and the period character are all here for a restoration enthusiast or investor to bring back to life.

Why $99,900 Feels Almost Impossible

In most markets, a 4,100-square-foot home with this much original detail would list well into the high six figures. Here, the asking price works out to about $24 per square foot, a fraction of the national average. Low-cost historic homes like this are a major reason buyers are increasingly looking beyond expensive metro markets toward small towns where their money stretches dramatically further. With annual property taxes of only about $757, the long-term carrying cost is remarkably low for a home of this size.

Financing a Historic Fixer-Upper

One important detail for buyers: this property is eligible for cash purchase or conventional renovation financing only, and is not eligible for FHA or VA loans. That makes understanding your renovation loan options essential before you make an offer.

A conventional renovation loan, such as the Fannie Mae HomeStyle Renovation mortgage, lets qualified buyers roll both the purchase price and the cost of repairs into a single loan based on the home’s projected after-renovation value. This is one of the most popular financing tools for historic fixer-uppers because it funds the restoration without requiring a separate construction loan.

Buyers with existing equity sometimes pair a cash purchase with a home equity line of credit (HELOC) or a cash-out refinance on another property to fund the rehab. Comparing current mortgage rates, loan terms, and closing costs across multiple lenders can save thousands over the life of the loan, so it pays to shop around and get pre-qualified before touring.

What It Really Costs to Own

Beyond the purchase price, smart buyers budget for three recurring costs. First, property taxes, which on this home run roughly $757 per year. Second, homeowners insurance — insuring a historic home can cost more than a modern build because of older systems and replacement-value considerations, so it is worth getting a dedicated historic home insurance quote early. Third, ongoing maintenance, which is the single biggest variable on any century-old property. Factoring renovation costs, insurance premiums, and your estimated monthly mortgage payment together gives you the true cost of ownership before you commit.

An Income Opportunity, Not Just a Home

With six bedrooms, multiple gathering spaces, and a prominent downtown location, this Victorian is positioned for more than a private residence. The listing highlights its potential as a boutique bed and breakfast, an event venue, or a short-term Airbnb rental. For investors, a property at this price point with this much square footage can pencil out as a strong long-term real estate investment, especially in a region where restored historic homes command premium nightly rates.

How to See the Full Listing

You can view all the photos, the full property description, price history, and the virtual tour on the official listing here: 216 Stonewall St SE, Dawson, GA on Zillow. The home is shown by appointment only.

Frequently Asked Questions

How much does the Dawson, Georgia Victorian cost?

The home at 216 Stonewall St SE, Dawson, GA is listed for $99,900. It offers 6 bedrooms, 2 bathrooms, and over 4,100 square feet, which works out to roughly $24 per square foot.

Can you finance this historic home with an FHA or VA loan?

No. This property is being sold as-is and is eligible for cash purchase or conventional renovation financing only. It is not eligible for FHA or VA loans.

What is a conventional renovation loan?

A conventional renovation loan, such as the Fannie Mae HomeStyle Renovation mortgage, combines the home’s purchase price and the cost of renovations into one loan based on the projected value after repairs are complete. It is a common way to finance a fixer-upper without a separate construction loan.

How much are the property taxes?

Annual property taxes on this home are approximately $757, which is very low for a property of this size.

Could the home be used as a bed and breakfast or Airbnb?

Yes. With six bedrooms and a downtown location, the listing notes the home could work as a boutique bed and breakfast, an event venue, or a short-term rental, in addition to a private residence. Always confirm local zoning and short-term rental rules first.

Listing details, price, and availability are accurate as of publication and may change. Always verify current information on the official Zillow listing before making any decisions.

Listed from ZIllow