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. 1516 Bartletts Ferry Road And I'm going to get some of my friends to check the link today too. Jackson, GA 30233 While visiting Lake Sinclair, minutes from downtown Milledgeville, there is so much more you must plan to do. Zillow, Inc. holds real estate brokerage licenses in multiple states. She who controls the land ultimately wins. 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.) Notify your GPC Lake Resources officeabout your listing. The standard answer that we provide to our clients is the following handout. Lake Oconee and Lake Sinclair are both relaxing and rejuvenating. What kind of Lease? (Directions) Private Owned Lot Private owner has ownership rights down to the high-water mark of the lake. Call 1-855-607-6462 or visit our reservations website to obtain one. Now let's talk about the 2nd lot with an RV canopy. var FOOBOX = window.FOOBOX = { If you have questions about something on Lake Sinclair call me or email me. Show only listings with virtual tours. The three bedroom two bath home is ready for weekend fun. Taxation of Georgia Power leasehold properties differs from fee simple properties. Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. 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. For leasehold properties, the Georgia Department of Revenue taxes Georgia Power for their land holdings. There is an access lease of 15 years with a lease fee of $100 . }; Rates change from year to year, but below are the 2011 rates. All rights reserved. Whether or not the property is a leasehold is very important to know upfront. 1. }, This sprawling estate welcomes you with a tree lined road just past the gated entry. but none of the land. var PhoenixTeam = {"THEME_SLUG":"xenia","ajaxUrl":"https:\/\/lake-burton-rabun.com\/wp-admin\/admin-ajax.php","nonce":"2b643dfc6e"}; 706-322-0228, Office180 Dam Road Thanks. Now I know the truth!!! We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. ga('create', 'UA-99921541-1', 'auto'); 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.) 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 Beautiful Lake Sinclair waterfront lot with panoramic main lake views. Georgia Power has a standardized 15-year lease agreement (with a guaranteed 15-year renewal) on the property. Daily lake levels may fluctuate because of varying amounts of rainfall and the volume of water that passes through the dam for electricity generation. For conventional mortgages. 706-322-0228. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. Our goal for the shoreline program is to ensure that all may enjoy the many beneficial opportunities the lakes afford for years to come. Access leases run for 15 years with a current rate of $100 per year. Carla- they would likely find out when the lender kicked the loan only local banks will lend on these lease lots. Jackson, GA 30233 Space to dock a boat available upon request. 4 Seed Lake Road on ActiveRain. For more information, call the land management office or visit the Georgia Department of Natural Resources online. Whether you're a beginner or an expert on the water, make sure you know the rules. I'll be happy to tell you or find out if I don't already know. Do not use without permission. Please do not use without my express written permission. (Georgia Power Lease Lot) - Alan Haley | Lakeside Realty Company $2,400,000 7 Beds 7 Baths 8,824 Sq Ft 407 Mill House Rd, Sparta, GA 31087 Offering 288+/- Acres of peace and tranquility. 404-954-4040, Office4 Seed Lake Road Search databases, industry studies and information regarding infrastructure. Please choose the applicable permit form(s) below. /* Run FooBox FREE (v2.7.17) */ More proof of why you need a local broker to assist with your lake purchase. 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. 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. Very common in England but not in the US. 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. 2017 Georgia Power. There is a lease transfer fee associated with purchasing one of these lots. You may often hear us refer to this as "down to the 340", with the 340 foot elevation being full elevation of Lake Sinclair. All Rights Reserved. 706-746-1450, Central Georgia Lake Jackson Resources Office GPC Residential Lease Lot GPC owns the land/lot and lessee owns the improvements (dwelling, shoreline structures). Have a question about Georgia Power lakes and recreation? * FULL LEASE - The property owner actually owns all of the improvements (house, dock, etc.) Georgia Lake Sinclair Two water front lots on Lake Sinclair that are friendly due to $345,000 105 Rock Lake Drive, Eatonton, GA 31024 3 br, 2.0 ba, 2004 1323 sf Putnam County Ad #: 3091819 Lake Home For Sale Two water front lots on Lake Sinclair that are friendly due to not being Georgia Power lease lots. gtag('config', 'AW-1033187946/ERJ7CJiyw8QBEOrk1OwD', { What types of boats are allowed on Georgia Power lakes? may encroach over this property line. (a.addEventListener("DOMContentLoaded",n,!1),e.addEventListener("load",n,!1)):(e.attachEvent("onload",n),a.attachEvent("onreadystatechange",function(){"complete"===a.readyState&&t.readyCallback()})),(e=t.source||{}).concatemoji?c(e.concatemoji):e.wpemoji&&e.twemoji&&(c(e.twemoji),c(e.wpemoji)))}(window,document,window._wpemojiSettings); The dock has space for three boats to tie up, so bring all of your friends. A short explanation of the 4 types of ownership: It may sound a bit complicated and even be confusing to you after an explanation. Richard- I've had people swear to me they "had" a 99 year lease, but no one has ever produced paperwork saying anything but 15 with a first right of refusal renewal clause in it. The lake is large enough to enjoy all types of on-water recreation. Georgia Power . This leads to stable water levels year-round, even in the case of drought. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them Georgia Power is committed to the communities where we live and work. 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. 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. The property lease then renews every 15 years. There is a lease transfer fee associated with purchasing one of these lots. Volunteer and help us clean our rivers, streams, lakes and wetlands by joining a local cleanup program. 2017 Georgia Power. Community emPowering Environment Lakes and Rivers Lakes FAQs Our Lakes Daily Lake Levels River Levels Water Safety Volunteer Programs FAQs Get the answers to some frequently asked questions regarding Georgia Power lakes. We own over 100,000 acres of land in Georgia, much of which is accessible for outdoor recreation. Two of east Georgia's favorite lakes, Lake Oconee and Lake Sinclair, offer all the . 3) Ga. Power leased lots - Ga. Power owns the lot and individuals lease the lot for a term of 15 years. Joan- some of those lease lots are exceptional in size and views they offer. Located in sought after Waters Edge section of Holiday Shores. Interestingly Marina Del Rey, CA is mostly Land Lease. Contact appropriate GPC lake office to begin early renewal process. 706-484-7500. Lake Sinclair and Milledgeville and Eatonton have a lot to offer. Georgia Power helps businesses make smart investments in energy efficiency. 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? Georgia's mild climates make it a perfect place to visit any time of year. 1034 Silver Drive, Suite 103 Greensboro GA 30642 706-453-3333 If you don't have a boat, no problem, many area marinas rent them by the half or full day. Please allow three to four weeks for lease transfer. Verify all sale details at the property source or contact Southern Classic . This sprawling estate welcomes you with a tree lined road just past the gated entry. Do you have a lease? (Directions) No one can legally take real estate from an owner with fee simple title with few exceptions including eminent domain. Please do not use without my express written permission. Today I had a call asking about one of those homes that is located on a Georgia Power lease lot. Are you sure you want to report this blog entry as spam? Jackson, GA 30233 After a discussion with the owners they have elected to offer owner financing for this property to qualified buyers. Previously I laid out the 4 different types of property ownership on Lake Sinclair. var easy_testimonials_reveal = {"show_less_text":"Show Less"}; You can always call them to verify the current information at 706-485-8704. My "not" marketing, yet marketing secret weapon. 30606, GA . Learn more. How can I reserve a campsite or a pavilion at a Georgia Power park? selectors: [ 404-954-4040, Office4 Seed Lake Road Beds: 3; Give something back to the environment with Georgia Power. Georgia Power does still have to permit all docks, seawalls and boat houses even on fee simple lots. This can include but may not be limited to bathrooms, boat docks, fishing piers and picnic areas. Rip Rap seawall with over 130 feet of water frontage. Mona- I'll have to post about that after she closes, I have a rule not to write about current clients. Homeowner's also are responsible for their specific county's property tax. Logos and photographs may also be copyright registered. informed decisions when buying and selling. A new as-built survey may be required at time ofearly renewal. Are you sure you want to report this blog entry as spam? This is a Georgia Power lease property so no short term rentals allowede enjoy your swing and overlook the clear waters of Lake Sinclair. This reservoir was created by Georgia Power in 1979 along with its twin sister, Lake Sinclair, to. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. (Directions) 1.72 acres in total. 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. An annual fee applies. The following information was published and distributed by GA. Power Company in 2006. Shop LEDs, Smart Thermostats, Advanced Power Strips and More. Becuase if you are interested in property that is leased that lease will be with Georgia Power. GPC has absolute authority regarding this shoreland strip and determines what can or cannot be done on this portion of the property. * FULLY OWNED - (Also known as fee or fee simple) The property owner owns all of the land down to the lake. We look forward to working with you to make your lake experience an enjoyable one. }, [CDATA[ */ Southern Company. (Directions) The lease runs for 15 years and rates range from $900 to $1100. An annual fee applies. 184 Sinclair Circle, Eatonton, GA 31024 . LOL. If you have any further questions please feel free to call me.Different types of lot ownership on Lake Sinclair can be confusing. 4 different types of property ownership on Lake Sinclair. 706-484-7500. %PDF-1.6 % Todays Housing Supply Gives You Two Opportunities. 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. Leave an anonymous comment or Log on to ActiveRain to comment as a member. Used under license. You have an odd situation there, and I am glad that you keep exlaining it. Fee simple is sometimes called fee simple absolute because it is the most complete form of ownership. New Created Listings. Broker License # 169695 Lane Realty License # H-11420. Office1516 Bartletts Ferry Road Georgia Power has established a lease transfer fee that is relevant solely to leasehold properties. RESIDENTIAL INFORMATION SHORELINE GUIDELINES. For 2018, most Georgia Power leasehold lots have a standard transfer fee of $20,000. Thanks for reading. Contact appropriate GPC lake office as soon as you are under contract to begin the process of transferring the lease. The three bedroom two bath home is ready for weekend fun. Georgia; Lake Sinclair; Enjoy Lake Living with Open Lake Views $399,000. Before a lease is issued, the lessee will be responsible for meeting certain requirements. Disclaimer: ActiveRain, Inc. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. 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. Georgia Power will not issue permits to new owners or validate the presence of existing shoreline structures until property owners have signed a proper legal agreement with Georgia Power. If you wish to report an issue or seek an accommodation, please let us know. The information below was provided from the Georgia Land Managment office and subject to change. o: {wordpress: { enabled: true }, countMessage:'image %index of %total', excludes:'.fbx-link,.nofoobox,.nolightbox,a[href*="pinterest.com/pin/create/button/"]', affiliate : { enabled: false }}, Fortson, GA 31808 on ActiveRain. For more information contact the Lake Sinclair Land Management Office of Georgia Power. :). Rodney- Georgia power leases are all only 15 years. 400+ miles of shoreline and over 15,000 acres of surface area. Email: laketeam@icloud.com. (Directions) 706-746-1450, Office125 Wallace Dam Road Access lots contain a portion of shoreland which is owned by GPC in fee. A new as-built survey may be required at time of transfer. are owned by the leaseholder (purchaser). 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. The land is located at 24 7th Street Ellijay, Georgia, in Gilmer County. Lake Oconee/Lake Sinclair | Eatonton GA Georgia Power does own some of the land and lease it. Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. Hi Tammy, you truly sound like the expert in this bit of localism for your area. and Eatonton real estate Cruise the waves. The lease runs for 15 years and rates range from $900 to $1100. Today I had a call asking about one of those homes that is located on a Georgia Power lease lot. Call me today for all your Lake Sinclair real estate needs. The lease runs for 15 years and rates range from $900 to $1100. 'phone_conversion_number': '706-212-0228' Rates change from year to year, but below are the 2011 rates. 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 This is a GA Power lease Lot, GA Power lease transfer fee is $3,000. I'd like to ask someone I know is using the same one to check it out. All Rights Reserved. Access leases run for 15 years with a current rate of $100 per year. A Georgia Power Park, Rocky Creek is a popular day-use access to Lake Sinclair. }); Many potential buyers of Lake Burton, Seed Lake, and Lake Rabun properties ask us: What is the difference between a fee simple lot and a Georgia Power lease lot?. So right after I emailed it to her, I began to write this post. 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, RETIRED / State License is Inactive - Portland, OR, Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA, Broker GA Lake Sinclair/Eatonton/Milledgeville, VP of Mortgage Lending - AL, FL, GA, SC, & TN, MoonDancer Realty, Dillsboro,NC - Sylva, NC. 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. Call me today for all your Lake Sinclair real estate needs. Your email address will not be published. Here in Manhattan we have something called a Land lease which is similar to what you have in Lake Sinclair. North GeorgiaLake Resources Office var cffsiteurl = "https://thelaketeam.wpenginepowered.com/wp-content/plugins"; Bob- in our area only certain local lenders will do some of these. Enjoy seasonal duck hunting or deer hunting. (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), council tax wolverhampton; gate: weigh anchor light novel read; road trip from albuquerque to white sands; worst neighborhoods in delaware county; david seguin and maangchi; nancy morgan obituary; kings creek country club membership cost 0 If you have a question about Lake Sinclair you can leave it as a comment in this post and I'll answer it there too. Please switch to a supported browser or download one of our Mobile Apps. Copyright Lake Country Board of REALTORS. License agreements are free and simply give us the necessary control of issues as aesthetics and the environment. This is an example of why a LOCAL agent is so important. GRI,IMSD-Taking the mystery out of real estate. 404-954-4044, East Georgia Lake Oconee/Sinclair Resources Office Because new lots are no longer available, lots are usually acquired in the form of a lease transfer. So? Please allow three to four weeks for an early lease renewal. Annual lease fee is $1,200 (due May 1st) until April 30, 2028. 706-746-1450, Office125 Wallace Dam Road Access leases run for 15 years with a current rate of $100 per year. Zillow has 41 homes for sale in Milledgeville GA matching Lake Sinclair. 706-746-1450, Office125 Wallace Dam Road 706-484-7500. There is a $500 fee to transfer the lease into an entity that is required at the time the new lease is signed. You will get some lower water levels in extreme drought, but not in comparison to many other Georgia lakes. 180 Dam Road GPC owns a strip of land between the lake and the privately owned property. I'm sure the buyer's who are brand new to your area appreciate your expertise in explaining the different types of ownership possibilities. Annual fee increases May 1, 2028 to $1,300. 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. /*