201 Mountainside Parkway presents an exceptional 3.21-acre lakeside mountain estate known as Falling Waters Lodge, currently operating as a luxury rental lodge and rustic mountain wedding venue. Set behind a gated entrance and surrounded by fenced, private grounds, the property offers glorious long-range mountain views, a peaceful private fishing lake, and premium architectural character built from Finnish Arctic Pine. The expansive main lodge features 6 bedrooms and 6 baths, multiple decks, and seamless indoor-outdoor flow ideal for retreats, events, and elevated guest experiences. Enhanced with a fully finished terrace level, the home includes a game room, wet bar, sauna, and hot tub, while a studio apartment above the garage provides discreet accommodations for an innkeeper or additional guests. The property also benefits from rare event-use zoning, allowing weddings of up to 50 guests, along with amenities such as a fire pit, maintenance-free turf lawn at the wedding site, and a party barn, offering both lifestyle appeal and strong income-producing potential. Located minutes from Ellijay, Blue Ridge, outdoor recreation, wineries, and North Georgia attractions, this property is uniquely positioned as both a private luxury residence and a turnkey hospitality investment.