Previously I laid out the 4 different types of property ownership on Lake Sinclair. on ActiveRain. Make 2022 your most efficient year yet. 706-484-7500, West Georgia Bartletts Ferry Lake Resources Office We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. The land between 350 feet above sea level and the shore line of Lake Sinclair, which is 340 feet above sea level belongs to Georgia Power and you pay a lease fee. Private owner has ownership rights down to the high-water mark of the lake. Perfect for Short term rental. New homes are getting added all the time. {"@context":"https:\/\/schema.org","@type":"Organization","url":"https:\/\/lake-burton-rabun.com\/","sameAs":[],"@id":"https:\/\/lake-burton-rabun.com\/#organization","name":"The Lake Team","logo":"http:\/\/lake-burton-rabun.com\/wp-content\/uploads\/2018\/05\/header2018.jpg"} * FULL LEASE - The property owner actually owns all of the improvements (house, dock, etc.) Find GA real estate agents Access Lot GPC owns a strip of land between the lake and the privately owned property. MLS ID #20093742, SINCLAIR RESERVE REALTY LLC, Owner Financing Homes In Eatonton Homes for Sale, Cuscowilla golf membership homes in Eatonton, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. Our goal for the shoreline program is to ensure that all may enjoy the many beneficial opportunities the lakes afford for years to come. 4 different types of property ownership on Lake Sinclair. 706-322-0228, Office180 Dam Road Access leases run for 15 years with a current rate of $100 per year. (Directions) The great part about Georgia Power lease lots is size, many of them are larger and with lots more shorline than your average fee simple lot. This permit requirement applies to Georgia Power leases and deeded properties. This 1.1 acre property is located at Lake Crest Dr Lot 63 in Sparta, GA 31087 with latitude 33.2867 and longitude -83.1593. gtag('config', 'AW-1033187946'); A Georgia Power Park, Rocky Creek is a popular day-use access to Lake Sinclair. var cfflinkhashtags = "false"; Our proprietary database allows us to track current and historic trends such as values, marketing times, and inventory. Call me today for all your Lake Sinclair real estate needs. There is no application until you have closed on the home. There is a lease transfer fee associated with purchasing one of these lots. About this rental. Tammy - that's really important info and you did a great job explaining it. 706-322-0228, Office180 Dam Road // Custom JavaScript (Pre) If you still have questions then you can call me and I'll try to explain further or get you in touch with a real estate attorney and/or Georgia Power land development/managment office. Georgia 238 Listings $5K-$1.4M $66.7M Total Value Lake Sinclair real estate is considered the fourth largest market for lake homes and lake lots in Georgia. Contact appropriate GPC lake office to begin early renewal process. Guess who made them stop. I'd like to ask someone I know is using the same one to check it out. %PDF-1.6 % Todays Housing Supply Gives You Two Opportunities. So yes, there are pros to them too. (Directions) I was really interested in the why and how Lake Sinclair stays full, but there's no link, and where I did wind up didn't seem to have any information about that interesting fact. The standard answer that we provide to our clients is the following handout. The lease runs for 15 years and rates range from $900 to $1100. An annual fee applies. 706-746-1450, Office125 Wallace Dam Road Georgia's mild climates make it a perfect place to visit any time of year. Property For Rent In Madison, Georgia. ActiveRain, Inc. takes no responsibility for the content in these profiles, For more information, call the land management office or visit the Georgia Department of Natural Resources online. You can always call them to verify the current information at 706-485-8704. Perfect site for a walk out basement home on this large over an acre lot. request. This is a GA Power lease Lot, GA Power lease transfer fee is $3,000. Lake lot leases are currently fifteen year leases with rates established by Georgia Power Company. 3 Bedroom Condo for Rent at 125 Wood Lake Dr #201, Athens, GA 30606. Our team of five full time REALTORS provides New Created Listings. Carport with attached workshop is plumbed and could become a small apartment. This is a great explanation.. and it is important for buyers to know the difference and what the pros and cons may be so they can make an informed decision. But sometimes power is overshadowed by control. that are written by the members of this community. Taxation of Georgia Power leasehold properties differs from fee simple properties. Check out these frequently asked questions to find answers before contacting the local land management office. window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/lake-burton-rabun.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=6.1.1"}}; These legal documents are recorded at the county courthouse where the property is located. * RESIDENTIAL ACCESS - The property owner owns the land above the Georgia Power Company property, but the home site is partially or totally on the Georgia Power land. If you have questions about something on Lake Sinclair call me or email me. (Georgia Power Lease Lot) - Alan Haley | Lakeside Realty Company. Save your search and be the first to know. After a discussion with the owners they have elected to offer owner financing for this property to qualified buyers. Click to read why and how. You have an odd situation there, and I am glad that you keep exlaining it. 7.11 Acres in Hancock County - Country Acreage on Lake Sinclair - 2-3 Potential Homesites - Located at Back End of Cove - Cove is Directly off Main Channel - Easily Launch a Kayak, Canoe, or Jon Boat - Part of Sinclair Bluffs Community - No HOA or Community Restrictions - Mobile/Modular Homes Allowed - Power & Water Available at Road - Surveyed . informed decisions when buying and selling. 2017 Georgia Power. So right after I emailed it to her, I began to write this post. 180 Dam Road Thanks for reading. Mona- I'll have to post about that after she closes, I have a rule not to write about current clients. Property Details. With a combined 48 years of real estate sales experience we understand and share our vast knowledge of the lake market so you can make Lease payments are made to Georgia Power annually. All content belongs to me unless otherwise stated. All rights reserved. Eatonton, GA 31024 All Rights Reserved. RESIDENTIAL INFORMATION SHORELINE GUIDELINES. Search databases, industry studies and information regarding infrastructure. Contact appropriate GPC lake office as soon as you are under contract to begin the process of transferring the lease. 404-954-4044, East Georgia Lake Oconee/Sinclair Resources Office If you are looking for Lake Sinclair property Lane Realty has a staff of full time agents that bring a combined 100+ years of experience to the table to help you. The lake is large enough to enjoy all types of on-water recreation. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. function gtag(){dataLayer.push(arguments);} LOL. The yearly lease fee is $900 at this time. Situated in the historical heartland of Milledgeville, Georgia, you will find the gem of Lake Sinclair. Lake Oconee is located about an hour from Atlanta in central Georgia's lake country. * RESIDENTIAL ACCESS - The property owner owns the land above the Georgia Power Company property, but the home site is partially or totally on the Georgia Power land. Purchasing a home on a Georgia Power Lease Lot Contact appropriate GPC lake office as soon as you are under contract to begin the process of transferring the lease. The lake will usually have 230 or so lake lots and land for sale. Georgia Power . Please see the descriptions of each lot type below: Fee Simple: Fee simple ownership is probably the most familiar form of ownership to buyers of residential real estate. Don't pass on this opportunity to own a Lake Sinclair home. Georgia Power outdoor recreation facilities offer areas accessible to people who use wheelchairs or have special physical limitations. This reservoir was created by Georgia Power in 1979 along with its twin sister, Lake Sinclair, to. For readers who are not members of ActiveRain feel free to also add your comments or you can click on the EMAIL me link to the right of this blog and email me. Georgia Power maintains flood rights to the 350 elevation on this property and residents need a license agreement with Georgia Power for building or maintaining any seawalls or docks on the lake. (Directions) There is the unedited link. Lake Sinclair and Milledgeville and Eatonton have a lot to offer. The individual has the right to renew the lease at the end of 15 years as long as they comply with the lease. /*! Access leases run for 15 years with a current rate of $100 per year. Access your secure online account 24/7, explore money-saving products, compare rate plans and find rebates and incentives. Located in sought after Waters Edge section of Holiday Shores. This 15,000+ acre lake just outside of Milledgeville is known for having some of the cleanest, most crystal-clear waters in all of Georgia. are owned by the leaseholder (purchaser). Jackson, GA 30233 1,456 sqft (on 0.48 acres) 944 Lakeview Cir, Sparta, GA 31087 0.5 ACRES $460,000 3bd 2ba 1,768 sqft (on 0.50 acres) 570 River Ridge Trl, Sparta, GA 31087 0.51 ACRES $349,900 3bd 2ba 578 Gardenia Rd, Sparta, GA 31087 2.42 ACRES $384,900 3bd 3ba 2,200 sqft (on 2.42 acres) 106/108 Brenda Ln #2/3, Sparta, GA 31087 0.5 ACRES $424,000 2bd 2ba Lake Oconee and Lake Sinclair are both relaxing and rejuvenating. ActiveRain, Inc. takes no responsibility for the content in these profiles, All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. 404-954-4040, Office4 Seed Lake Road Office: 404-408-HOME Zillow, Inc. holds real estate brokerage licenses in multiple states. Learn more. There is a lease transfer fee associated with purchasing one of these lots. License agreements are free and simply give us the necessary control of issues as aesthetics and the environment. Bedroom3; Baths2; Property typePrivate Vacation Home; Max Sleeps7; Min Stay2 Nights; Milledgeville may be small, but it's packed with history and entertainment! I use IE, http://www.lake-sinclair.com/blogs/tammy_lankford/archive/2008/09/19/looking-for-lake-front-property-then-lake-sinclair-is-your-answer.aspx. 706-322-0228, Office180 Dam Road Fortson, GA 31808 A boat ramp, picnic area, walking trail, and banks to fish from ensure a great time whether you are an avid fisherman or teaching the kids how to fish. Interestingly Marina Del Rey, CA is mostly Land Lease. If you don't have a boat, no problem, many area marinas rent them by the half or full day. Georgia Power has established a lease transfer fee that is relevant solely to leasehold properties. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. The property lease then renews every 15 years. You won't find any big hotels or resort along it's 417 miles of easy-going scenic shoreline. What kind of Lease? Mail to: Fax: Email: Georgia Power Company Attn: Brenda Westbrook 241 Ralph McGill Blvd NE BIN 10151 Atlanta, Georgia 30308 (404) 506-4132 bcwestbr@southernco.com Logos and photographs may also be copyright registered. Fortson, GA 31808 4 Seed Lake Road Eatonton, GA 31024 Disclaimer: ActiveRain, Inc. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. While visiting Lake Sinclair, minutes from downtown Milledgeville, there is so much more you must plan to do. Russel- the link worked for me. 'Cause if I was in your area, that would be me, LOL, Carla- actually I'm surprised by the number of folks chiming in who also have lease property. Beautiful Lake Sinclair waterfront lot with panoramic main lake views. 2023 ActiveRain, Inc. All Rights Reserved :) homeFair Housing: Fair Housing and Equal Opportunity, Real Estate Broker/Owner with Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 GREC# 169695, Russel Ray, San Diego Business & Marketing Consultant & Photographer, Russel Ray - San Diego State University, CA, Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA, Broker GA Lake Sinclair/Eatonton/Milledgeville, N & J Lake Properties, LLC - Eatonton, GA. You said that Lake Sinclair is a Georgia Power lake, does this mean all the lots are leased from Georgia Power Company? Do not reuse text or graphics without written permission. * FULLY OWNED - (Also known as fee or fee simple) The property owner owns all of the land down to the lake. I have a rule not to write this post the high-water mark of the lake is large enough to all. 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