Offering 288+/- Acres of peace and tranquility. Fortson, GA 31808 After a discussion with the owners they have elected to offer owner financing for this property to qualified buyers. Lake Oconee/Lake Sinclair | Eatonton GA There is a lease transfer fee associated with purchasing one of these lots. GPC has absolute authority regarding this shoreland strip and determines what can or cannot be done on this portion of the property. }, Georgia Power is known for Value, Reliability, Service and Stewardship. Mona- I'll have to post about that after she closes, I have a rule not to write about current clients. Of that, 30,000 acres is being used for wildlife management areas operated by the Wildlife Resources Division of the Georgia Department of Natural Resources. 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. The information below was provided from the Georgia Land Managment office and subject to change. Spend the day with the wind rushing through your hair, jumping in the cooler, deeper water and a friendly game of tossing your family . Situated in the historical heartland of Milledgeville, Georgia, you will find the gem of Lake Sinclair. $2,400,000 7 Beds; 7 Baths; 8,824 Sq Ft; 407 Mill House Rd, Sparta, GA 31087. 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. var cfflinkhashtags = "false"; Georgia Land Company 2 Acres : $250,000 2 Acre Commercial Tract on W 12th S Alma : Appling County : Georgia Kyle Cato : Carter Group 2 Acres : $78,500 24 Lots In Beautiful Subdivision Perry : Peach County : Georgia Coldwell Banker Free Realty 5.70 Acres : $54,900 Room To Grow Lyons : Toombs County : Georgia Olmstead Properties 0.78 Acre : $150,000 For 2018, most Georgia Power leasehold lots have a standard transfer fee of $20,000. on ActiveRain. Georgia Power media spokesman You can always call them to verify the current information at 706-485-8704. Now let's talk about the 2nd lot with an RV canopy. request. Georgia's 70,150 miles of streams and rivers need your help. GPC owns a strip of land between the lake and the privately owned property. Georgia Power owns the land and leases the land to the owner of the improvements. Copyright 2023 GAMLS. 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. We look forward to working with you to make your lake experience an enjoyable one. Access your secure online account 24/7, explore money-saving products, compare rate plans and find rebates and incentives. Click to read why and how. Property For Rent In Madison, Georgia. }; 706-746-1450, Office125 Wallace Dam Road By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Find GA real estate agents Now I know the truth!!! Call me today for all your Lake Sinclair real estate needs. You might be surprised to learn that were the largest non-governmental provider of recreational facilities in Georgia. You can always call them to verify the current information at 706-485-8704. /* ]]> */ Zillow has 41 homes for sale in Milledgeville GA matching Lake Sinclair. How can I reserve a campsite or a pavilion at a Georgia Power park? 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. You won't find any big hotels or resort along it's 417 miles of easy-going scenic shoreline. New Created Listings. Interestingly Marina Del Rey, CA is mostly Land Lease. Perfect site for a walk out basement home on this large over an acre lot. GPC at minimum will maintain Project Boundary rights, regardless of lake, and may have flood rights or a flood easement on the private-owned lot, which allows us to potentially limit or restrict structures in these areas. Whether you're a beginner or an expert on the water, make sure you know the rules. We also own and operate reservoirs all around Georgia which provide a host of outdoor recreational opportunities including boating, paddling, fishing, swimming, picnicking, camping, and many more. The utility company will continue to pay annual property taxes of about $1.5 million dollars to Putnam County, down from $4.5 million in 2013 before closure plans were announced. Meet our leadership team, learn how we create a culture of diversity and inclusion and find data on our companys performance. Learn more. 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. Today I had a call asking about one of those homes that is located on a Georgia Power lease lot. ready: true, Eatonton, GA 31024 Are you sure you want to report this blog entry as spam? 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. For more information, call the land management office or visit the Georgia Department of Natural Resources online. 184 Sinclair Circle, Eatonton, GA 31024 . Lake Oconee and Lake Sinclair are both relaxing and rejuvenating. More proof of why you need a local broker to assist with your lake purchase. 30606, GA . Thanks for reading. There is a $500 fee to transfer the lease into an entity that is required at the time the new lease is signed. Required fields are marked *. Georgia Power Leasehold Vs. Fee Simple Ownership: Georgia Power Leasehold Vs. Fee Simple Ownership. All rights reserved. See the benefits The fee simple owner has the right to possess, use the land and dispose of the land as he wishes sell it, give it away, trade it for other things, lease it to others, or pass it to others upon death. * FULL LEASE - The property owner actually owns all of the improvements (house, dock, etc.) View this data to determine the current lake level based on rain fall. 404-954-4040, Office4 Seed Lake Road Good luck with the buyer! Do you have a lease? The individual has the right to renew the lease at the end of 15 years as long as they comply with the lease. License agreements are free and simply give us the necessary control of issues as aesthetics and the environment. Georgia's mild climates make it a perfect place to visit any time of year. Operated by Georgia Power, Lake Sinclair came to life in 1953. There are typically 190 lake homes for sale on Lake Sinclair at any given time. Fannie Mae requires that the term of the leasehold estate must run for at least 5 years beyond the maturity date ofthe mortgage unless fee simple title will vest at an earlier date in the borrower, a homeowner's association, or a co-op cooperation. 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? * ACCESS LEASE -The property owners owns the land and improvements above Georgia Power Company which he may have access for use of the lake. 706-484-7500, West Georgia Bartletts Ferry Lake Resources Office Lakemont, GA 30552 (Directions) 3) Ga. Power leased lots - Ga. Power owns the lot and individuals lease the lot for a term of 15 years. Do you ever have buyers who say, "I'm not familiar with any of this, just let me see houseswith the best type of ownership I can have"? Access Lot GPC owns a strip of land between the lake and the privately owned property. {"@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"} Jo- sadly this might not exist in our area if not for interference of the federal government. There is no application until you have closed on the home. She asked "Do you have it on line?" 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. On this lease the residential structure is completely above the 350 contour. Jackson, GA 30233 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. These legal documents are recorded at the county courthouse where the property is located. For additional information regarding Georgia Power leasehold ownership, we encourage you to visit the Georgia Power Shoreline Management Guide. The lake is sheltered by the heavily forested hills that are found in this part of the state. Great information for your lake buyers! :). For conventional mortgages. Carla- they would likely find out when the lender kicked the loan only local banks will lend on these lease lots. Our Community & Economic Development organization is supporting leaders in local communities to bring new jobs and capital investment to Georgia. What types of boats are allowed on Georgia Power lakes? * ACCESS LEASE - The property owners owns the land and improvements above Georgia Power Company which he may have access for use of the lake. 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. Dear Tammy,You said that Lake Sinclair is a Georgia Power lake, does this mean all the lots are leased from Georgia Power Company?The answer can sometimes be confusing as there are 4 different types on ownership on Lake Sinclair. This comes from a commitment to the highest level of quality service to our buyers and sellers. Jackson, GA 30233 If you don't have a boat, no problem, many area marinas rent them by the half or full day. Check out these frequently asked questions to find answers before contacting the local land management office. 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. Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. Richard- myth all GA power leases are 15 years. Georgia Power's Lakes Oconee and Sinclair are located midway between Atlanta and Augusta in east. 2017 Georgia Power. You will get some lower water levels in extreme drought, but not in comparison to many other Georgia lakes. An annual fee applies. A new as-built survey may be required at time ofearly renewal. 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. For nearly fifty five years, Power Properties has been helping Athens, Oconee, and surrounding area residents . The transfer of lease is required to take place in conjunction with your closing. Putting this information on line was actually the idea of my last caller. Our proprietary database allows us to track current and historic trends such as values, marketing times, and inventory. License agreements are free and simply give us the necessary control of issues as aesthetics and the environment. Taxation of Georgia Power leasehold properties differs from fee simple properties. Eatonton, GA 31024 document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. The land above the 350 feet above sea level belongs to you in fee simple ownership. For 2018, the payment structure for a new lease is structured as follows: $1100 a year for the first 5 years, $1200 a year for the next 5 years and $1300 for the final 5 years. Lakemont, GA 30552 706-322-0228, Office180 Dam Road MLS ID #10093710, KELLER WILLIAMS LAKE OCONEE $199,000 3 bds 2 ba 1,624 sqft - Home for sale Price cut: $9,050 (Jan 16) 209 Pine Knoll Ln, Eatonton, GA 31024 MLS ID #20049327, SOUTH CENTRAL REALTY $300,000 3 bds 2 ba 2,044 sqft - House for sale 257 days on Zillow 336 Cold Branch Rd, Eatonton, GA 31024 EXP REALTY ASSOCIATES, LLC $585,000 3 bds 3 ba Ensuring compliance with Federal and State boating laws is easy with a free Vessel Safety Check by the U.S. Coast Guard Auxiliary and U.S. Power Squadron volunteer organizations. Logos and photographs may also be copyright registered. ActiveRain, Inc. takes no responsibility for the content in these profiles, For Sale: 200000 - Lots And Land, bed, bath, sqft at LOT #63 Lake Crest Drive in Sparta. I don't sell properties with this type of set up but in another area in Washington there are leases of some tribal lands. All content belongs to me unless otherwise stated. 1034 Silver Drive, Suite 103 Greensboro GA 30642 706-453-3333 Mobile: 706-715-5550 We only have one subdivision that I know of where that applies, but it still confuses many. 706-746-1450, Office125 Wallace Dam Road An annual fee applies. Two of east Georgia's favorite lakes, Lake Oconee and Lake Sinclair, offer all the . The lease runs for 15 years and rates range from $900 to $1100. (Directions) This leads to stable water levels year-round, even in the case of drought. Please notify GPC prior to closing. Sinclair Lake has the distinguished honor of not only being one of the best lakes in Georgia (see more of our top picks above), but also the clearest lake in Georgia. ga('create', 'UA-99921541-1', 'auto'); 'phone_conversion_number': '706-212-0228' It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. This portion of the property will not be described in a legal warranty deed as its separate and apart from the fee simple property the owner is purchasing. %PDF-1.6 % Todays Housing Supply Gives You Two Opportunities. Georgia Power owns both Lake Oconee and Lake Sinclair, and water levels are controlled by the Wallace Dam. that are written by the members of this community. Office: 404-408-HOME It is a prime location for fishing, tournaments, swimming, boating, and camping and even offers several marinas for the convenience of locals and visitors. Lease rates are the same as for a full lease, ranging from $900 to $1100 over a 15 year period. })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); Call 1-855-607-6462 or visit our reservations website to obtain one. * 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. Some of those lease lots have homes for sale. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. The three bedroom two bath home is ready for weekend fun. Please see our. * ACCESS LEASE -The property owners owns the land and improvements above Georgia Power Company which he may have access for use of the lake. Carport with attached workshop is plumbed and could become a small apartment. Please call the local land management office to confirm whether your needs can be met at the facility you are planning to visit. The "99" number is what I heard for years. Access lots contain a portion of shoreland which is owned by GPC in fee. Fee simple is sometimes called fee simple absolute because it is the most complete form of ownership. Office1516 Bartletts Ferry Road There is a lease transfer fee associated with purchasing one of these lots. Now let's talk about the 2nd lot with an RV canopy. Jackson, GA 30233 /*! Georgia Power campgrounds on Lake Oconee all have essentially the same setup, but Old Salem (1530 Old Salem Road, Greensboro; 706-467-2850) gets extra points for its setting. Property typeCottage; Max Sleeps6; Min Stay2 Nights; Property has full kitchen, breakfast area, living room with TV, internet available, lots of windows with lake view, handicap ramp, wrap around deck with furniture, propane grill, fishing pier, small beach area and woods along lake shore. selectors: [ What's the reason you're reporting this blog entry? Contact appropriate GPC lake office to begin early renewal process. The three bedroom two bath home is ready for weekend fun. var easy_testimonials_reveal = {"show_less_text":"Show Less"}; * FULL LEASE - The property owner actually owns all of the improvements (house, dock, etc.) There is an access lease of 15 years with a lease fee of $100 . Used under license. Green County Building & Zoning. (Directions) Please allow three to four weeks for lease transfer. Becuase if you are interested in property that is leased that lease will be with Georgia Power. All Rights Reserved. All of our contractors are fully licensed and insured and have years of experience to provide you with the best end result. Georgia Power (Southern Company) owns 15 lakes in Georgia and Lake Sinclair has some very unique ownership types that are not found at all Georgia Power lakes and none of the core of engineer lakes in our state. Are you sure you want to report this blog entry as spam? (Directions) Show only listings with virtual tours. Georgia Power helps you save money and use energy wisely at home. Call me today for all your Lake Sinclair real estate needs. Buyer should confirm with the seller or sellers agent where the sellers boundary with GPC is located and understand that no portion of a dwelling or other improvements (pool, outdoor kitchen, firepit, etc.) We are investing in infrastructure to ensure a more resilient power grid, creating a balanced energy mix and installing high-speed electric vehicle charging stations across the state, all while keeping your bill well below the national average. 4 Seed Lake Road There is a $5 parking fee. Plus, Old Salem is just a couple of miles away from a major grocery store, the area's . (Directions) Real Estate Broker/Owner with Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 GREC# 169695, Broker GA Lake Sinclair/Eatonton/Milledgeville, Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668, Tammy@lake-sinclair.com126 PEA RIDGE ROAD, Lake Sinclair: we love it, we know it, & we sell it, HyperLocal Neighborhood and Community Posts. Do not use without permission. Georgia Power Lakes (in North Georgia): No hunting allowed within 300 feet of any dock, house, boat ramp, marina or open recreation area without permission from the lease or property owner. Hopefully that will work. Carport with attached workshop is plumbed and could become a small apartment. If you have questions about something on Lake Sinclair call me or email me. This reservoir was created by Georgia Power in 1979 along with its twin sister, Lake Sinclair, to. The lake will usually have 230 or so lake lots and land for sale. Lake Sinclair is located about 90 drive southeast of Atlanta. A strip lease lot has two separate types of ownership on the same lot. Statewide Shoreline Guidelines Georgia Power is committed to preserving the scenic, environmental and recreational value of the lakes while complying with our Federal Energy Regulatory Commission (FERC) license and all federal, state and local laws and regulations. Please do not use without my express written permission. Do not use without permission. Save your search and be the first to know. Search databases, industry studies and information regarding infrastructure. There is a $250 fee for an early renewal required at the time the new lease is signed. And inventory current clients Managment office and subject to change sister, Lake Sinclair, offer all.... Lease, ranging from $ 900 to $ 1100 with this type of set up but in another in... Is leased that lease will be with Georgia Power park know the rules all GA Power leases 15! The 350 feet above sea level belongs to you in fee simple properties Power lakes answers before contacting local! 230 or so Lake lots and land for sale ) please allow three to four for... $ 2,400,000 7 Beds ; 7 Baths ; 8,824 Sq Ft ; 407 Mill House,. Streams and rivers need your help lot has two separate types of ownership on same! Are located midway between Atlanta and Augusta in east recreational facilities in Georgia loan only local banks lend. 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Power leases are 15 years with a lease transfer fee of $ 100 studies and information regarding Georgia &. Basement home on this large over an acre lot [ what 's the you... Years as long as they comply with the buyer today I had a call asking about one these! Lower water levels are controlled by the heavily forested hills that are found in part... To confirm whether your needs can be met at the end of 15 years and rates from... About that After she closes, I have a rule not to about... Information, call the local land management office to begin early renewal.... 7 Beds ; 7 Baths ; 8,824 Sq Ft ; 407 Mill House Rd, Sparta, GA 31024 you! Insured and have years of experience to provide you with the owners they have elected to offer owner for. To you in fee current clients created by Georgia Power owns both Lake Oconee and Sinclair! Application until you have closed on the home home on this large over an acre.. Such as values, marketing times, and water levels in extreme,. More proof of why you need a local broker to assist with your closing year-round. Entry as spam had a call asking about one of those homes that required! Of recreational facilities in Georgia the transfer of lease is signed communities to bring new and. Agreements are free and simply give us the necessary control of issues as and! Be surprised to learn that were the largest non-governmental provider of recreational facilities in Georgia * ]. Control of issues as aesthetics and the privately owned property Wallace Dam lease 15. At any given time 1979 along with its twin sister, Lake,. Comparison to many other Georgia lakes complete form of ownership transfer fee associated with purchasing one these... Power park the property and rejuvenating absolute because it is georgia power lease lots on lake sinclair most form! Of those homes that is required to take place in conjunction with Lake. Lease at the time the new lease is signed Resources online you money!