The property is currently available for sale at a price of $200,000. Eatonton, GA 31024 The individual has the right to renew the lease at the end of 15 years as long as they comply with the lease. m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) Created by Georgia Power in 1953, Lake Sinclair is two hours southeast of Atlanta making it easy access for fishing, tournaments, swimming, boating, camping, and has several marinas for the convenience of visitors. and Eatonton real estate You may often hear us refer to this as "down to the 340", with the 340 foot elevation being full elevation of Lake Sinclair. * FULLY OWNED - (Also known as fee or fee simple) The property owner owns all of the land down to the lake. 706-484-7500. Georgia Power helps you save money and use energy wisely at home. I was told only one, but wanted to confirm. Lake Sinclair is located about 90 drive southeast of Atlanta. 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 ga('send', 'pageview'); Lake Sinclair is a man-made lake that was created when the Oconee River was dammed by Georgia Power. 404-954-4040, Office4 Seed Lake Road Brokerage. The lease runs for 15 years and rates range from $900 to $1100. 706-746-1450, Office125 Wallace Dam Road She asked "Do you have it on line?" The information below was provided from the Georgia Land Managment office and subject to change. 3 Bedroom Condo for Rent at 125 Wood Lake Dr #201, Athens, GA 30606. on ActiveRain. For more information, call the land management office or visit the Georgia Department of Natural Resources online. 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. disableOthers: false, Today I had a call asking about one of those homes that is located on a Georgia Power lease lot. 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"}}; An annual fee applies. Call me today for all your Lake Sinclair real estate needs. The tool calculates the real-time peaking schedule of our hydro units and additionally pulls the real-time lake elevation. Are you sure you want to report this blog entry as spam? A short explanation of the 4 types of ownership: It may sound a bit complicated and even be confusing to you after an explanation. My "not" marketing, yet marketing secret weapon. 706-322-0228, Office180 Dam Road }, Do you have a lease? 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. Copyright 2023 GAMLS. GPC owns the land/lot and lessee owns the improvements (dwelling, shoreline structures). emPowering Environment Lakes and Rivers East Georgia Lakes Lake Sinclair FAQs Aquatic Weeds Get answers to the most frequently asked questions about aquatic weeds, how Georgia Power is treating them, and their potential impact on Lake Sinclair. Call 1-855-607-6462 or visit our reservations website to obtain one. Listing data sourced from Georgia Multiple Listing Service # 20105948. Level 3 soil report. Please do not use without my express written permission. Now let's talk about the 2nd lot with an RV canopy. var PhoenixTeam = {"THEME_SLUG":"xenia","ajaxUrl":"https:\/\/lake-burton-rabun.com\/wp-admin\/admin-ajax.php","nonce":"2b643dfc6e"}; There is a $500 fee to transfer the lease into an entity that is required at the time the new lease is signed. 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. The "99" number is what I heard for years. The dock has space for three boats to tie up, so bring all of your friends. but none of the land. This browser is no longer supported. Used under license. Thanks for reading. About this rental. Property on any GPC lake requires a proper legal agreement between the adjacent owner and GPC. The transfer of lease is required to take place in conjunction with your closing. var cfflinkhashtags = "false"; An annual fee applies. Please be aware that our shoreline guidelines are subject to revision based on changes to the shoreline management landscape, FERC discretion or other factors. 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. 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. 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. I'll be happy to tell you or find out if I don't already know. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. Fortson, GA 31808 Toni- Thanks. The transfer fee is negotiable between a buyer and seller of leasehold property and is due in full to Georgia Power each time a leasehold property is transferred from one leaseholder to a new leaseholder. Do not use without permission. Deeded property homes: With deeded property, Georgia Power owns a strip of and along the waters edge. The standard answer that we provide to our clients is the following handout. Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. [CDATA[ */ How many names (lessee's) are allowed to be on a Lake Sinclair lot lease? // Custom JavaScript (Pre) 706-322-0228. Interesting same sort of thing on Lkae Jackson but I thought that the leases ran longer there. Offering 288+/- Acres of peace and tranquility. 706-746-1450, Central Georgia Lake Jackson Resources Office 305 Burtom Rd, Eatonton, GA 31024 MLS ID #20093742, SINCLAIR RESERVE REALTY LLC $459,000 3 bds 2 ba 1,380 sqft - Home for sale 57 days on Zillow 108 Bobcat Trl, Eatonton, GA 31024 MLS ID #20104757, KELLER WILLIAMS RLTY ATL PART $99,900 Find GA real estate agents What kind of Lease? You can always call them to verify the current information at 706-485-8704. And you just might find your question on my blog in the future. Eatonton, GA 31024 You can always call them to verify the current information at 706-485-8704. 706-746-1450, Office125 Wallace Dam Road License agreements are free and simply give us the necessary control of issues as aesthetics and the environment. The lease runs for 15 years and rates range from $900 to $1100. Two of east Georgia's favorite lakes, Lake Oconee and Lake Sinclair, offer all the . Perfect for Short term rental. ".gallery", ".wp-block-gallery", ".wp-caption", ".wp-block-image", "a:has(img[class*=wp-image-])", ".foobox" Lease Lot (Leasehold Ownership): With regard to Georgia Power leasehold ownership, the land lot (dirt) is owned by Georgia Power while the improvements (including structures, boathouse, etc.) }; (Directions) Please allow three to four weeks for lease transfer. So yes, there are pros to them too. Contact appropriate GPC lake office to begin early renewal process. For conventional mortgages. The proper management of shoreline development must balance the interests of a number of stakeholders and is vital to the life of the lake. Zillow, Inc. holds real estate brokerage licenses in multiple states. Sounds like Georgia? The land is located at 24 7th Street Ellijay, Georgia, in Gilmer County. Lake Oconee and Lake Sinclair are both relaxing and rejuvenating. 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. If you find yourself at the lake, obviously you need to get out ON the lake. This sprawling estate welcomes you with a tree lined road just past the gated entry. The three bedroom two bath home is ready for weekend fun. var cffajaxurl = "https://lake-burton-rabun.com/wp-admin/admin-ajax.php"; Requirements to transfer a GA. Power fully . All content belongs to me unless otherwise stated. For additional information regarding Georgia Power leasehold ownership, we encourage you to visit the Georgia Power Shoreline Management Guide. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. 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. Fortson, GA 31808 You won't find any big hotels or resort along it's 417 miles of easy-going scenic shoreline. (Directions) Central Georgia Lake Jackson Resources Office, East Georgia Lake Oconee/Sinclair Resources Office, West Georgia Bartletts Ferry Lake Resources Office, Electric Transportation Business Programs, Electric Transportation Charging Infrastructure, Selling to Georgia Power as a Qualifying Facility, Georgia Power Shares Energy Saving Tips on National Cut Your Energy Costs Day, Georgia Power Celebrates MLK Day as a day on with largest volunteer response on record, Georgia Power's Michael Anderson appointed to Chair of the Board of Saint Joseph's Health System, Tree Planting Tips to Help Cut Your Energy Costs, Georgia Power seeks recovery of fuel costs, Vogtle Unit 4 completes cold hydro testing, Georgia Power ranked #1 by J.D. Some of those lease lots have homes for sale. var FOOBOX = window.FOOBOX = { On this lease the residential structure is completely above the 350 contour. /*