Two water front lots on Lake Sinclair that are VRBO friendly due to not being Georgia Power lease lots. Zillow has 41 homes for sale in Milledgeville GA matching Lake Sinclair. It's all about educating the buyer about the type of property and how it will effect their purchase. My "not" marketing, yet marketing secret weapon. 1.72 acres in total. A strip lease lot has two separate types of ownership on the same lot. Call 1-855-607-6462 or visit our reservations website to obtain one. So right after I emailed it to her, I began to write this post. Required fields are marked *. There is a lease transfer fee associated with purchasing one of these lots. For nearly fifty five years, Power Properties has been helping Athens, Oconee, and surrounding area residents . {"@context":"https:\/\/","@type":"Organization","url":"https:\/\/\/","sameAs":[],"@id":"https:\/\/\/#organization","name":"The Lake Team","logo":"http:\/\/\/wp-content\/uploads\/2018\/05\/header2018.jpg"} Please allow three to four weeks for an early lease renewal. Please do not use without my express written permission. // Custom JavaScript (Pre) 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. Thanks. Some of those lease lots have homes for sale. Lake lot leases are currently fifteen year leases with rates established by Georgia Power Company. var cffsiteurl = ""; Logos and photographs may also be copyright registered. Beautiful Lake Sinclair waterfront lot with panoramic main lake views. This information couldbe important as part of the Sellers disclosure process. Lake Sinclair is a man-made lake that was created when the Oconee River was dammed by Georgia Power. Here in Manhattan we have something called a Land lease which is similar to what you have in Lake Sinclair. } (Directions) . Your email address will not be published. Fortson, GA 31808 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. Access leases run for 15 years with a current rate of $100 per year. Learn how we are A Citizen Wherever We Serve plus tips to prevent fraud and stay safe around water or electricity. Lake Sinclair boasts over 500 miles of . If you wish to report an issue or seek an accommodation, please let us know. All content belongs to me unless otherwise stated. are owned by the leaseholder (purchaser). Fortson, GA 31808 The tool calculates the real-time peaking schedule of our hydro units and additionally pulls the real-time lake elevation. MLS Number Property Type List Price Waterfront Location County Site Built Area Only Subdivision Apx SqFt Bedrooms Full Baths Half Baths City Street Name Year Built Construction Ownership. Do not use without permission. Thanks for reading. What kind of Lease? Learn more about water and boating safety rules, and licensing information. The lake will usually have 230 or so lake lots and land for sale. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Georgia Power has established a lease transfer fee that is relevant solely to leasehold properties. The yearly lease fee is $900 at this time. Operated by Georgia Power, Lake Sinclair came to life in 1953. The "99" number is what I heard for years. (Directions) Please advise. GRI,IMSD-Taking the mystery out of real estate. Mail to: Fax: Email: Georgia Power Company Attn: Brenda Westbrook 241 Ralph McGill Blvd NE BIN 10151 Atlanta, Georgia 30308 (404) 506-4132 (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), Please allow three to four weeks for lease transfer. (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. Great information for your lake buyers! 400+ miles of shoreline and over 15,000 acres of surface area. [CDATA[ */ Jackson, GA 30233 Carla- they would likely find out when the lender kicked the loan only local banks will lend on these lease lots. I don't sell properties with this type of set up but in another area in Washington there are leases of some tribal lands. 1034 Silver Drive, Suite 103 Greensboro GA 30642 706-453-3333 Zillow, Inc. holds real estate brokerage licenses in multiple states. What's the reason you're reporting this blog entry? This sprawling estate welcomes you with a tree lined road just past the gated entry. Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. Please allow three to four weeks for lease transfer. The lake is sheltered by the heavily forested hills that are found in this part of the state. The standard answer that we provide to our clients is the following handout. Our proprietary database allows us to track current and historic trends such as values, marketing times, and inventory. Save your search and be the first to know. The GPC shoreline management representative for your county/lake will complete a pre-transfer inspection to confirm what, if any, compliance issues exist. Georgia Power media spokesman Is it a residential lease or access lease? This is an example of why a LOCAL agent is so important. 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. An annual fee applies. For leasehold properties, the Georgia Department of Revenue taxes Georgia Power for their land holdings. Lakes open for duck and goose hunting: Lake Burton, Lake Seed, Lake Rabun, Tallulah Falls Lake, Lake Tugalo and Lake Yonah. Contact appropriate GPC lake office as soon as you are under contract to begin the process of transferring the lease. * 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. Whether you're a beginner or an expert on the water, make sure you know the rules. HyperLocal Neighborhood and Community Posts, georgia power lease property at lake sinclair. 706-322-0228, Office180 Dam Road Carport with attached workshop is plumbed and could become a small apartment. We only have one subdivision that I know of where that applies, but it still confuses many. Mona- I'll have to post about that after she closes, I have a rule not to write about current clients. * 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. Eatonton, GA 31024 I love helping someone find their lake home. 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. License agreements are free and simply give us the necessary control of issues as aesthetics and the environment. A "strip lease" has no part . Stay safe on the water during all seasons. You may select a form(s) to submit online, or select each applicable PDF to print, fill out, then mail or fax to your Land Management Office. 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. The property lease then renews every 15 years. If a buyer wanted their Aunt Sally Agent to help and they're not familiar, it might come as a suprise, no?? [CDATA[ */ '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. Offering 288+/- Acres of peace and tranquility. Email: (Directions) 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. o: {wordpress: { enabled: true }, countMessage:'image %index of %total', excludes:'.fbx-link,.nofoobox,.nolightbox,a[href*=""]', affiliate : { enabled: false }}, Mobile: 706-715-5550 The lake is large enough to enjoy all types of on-water recreation. New homes are getting added all the time. 2017 Georgia Power. 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 Do not reuse text or graphics without written permission. (Directions) Thats one of the best reasons to choose an agent familiar with Lake Sinclair who specializes in this area and is a member of the Lake Sinclair area MLS (Baldwin Multi-List) when shopping for aLake Sinclair home. 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 Georgia Power does own some of the land and lease it. Beds: 3; So they really should work with someone who knows the ins and outs of what the lease can mean. (Directions) Property For Rent In Madison, Georgia. window.dataLayer = window.dataLayer || []; Quick Search: Our office's listings. })(window,document,'script','','ga'); that are written by the members of this community. We strive to go above and beyond the average to ensure our clients have what they need. 706-322-0228. Access Lot GPC owns a strip of land between the lake and the privately owned property. but none of the land. You must sign original legal documents from GPC andhave them notarized and witnessed in order to validate document. Georgia Power has established a lease transfer fee that is relevant solely to leasehold properties. Annual fee increases May 1, 2028 to $1,300. Perfect site for a walk out basement home on this large over an acre lot. Find GA real estate agents Bedroom3; Baths2; Property typePrivate Vacation Home; Max Sleeps7; Min Stay2 Nights; Milledgeville may be small, but it's packed with history and entertainment! Plus, Old Salem is just a couple of miles away from a major grocery store, the area's . window._wpemojiSettings = {"baseUrl":"https:\/\/\/images\/core\/emoji\/14.0.0\/72x72\/","ext":".png","svgUrl":"https:\/\/\/images\/core\/emoji\/14.0.0\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/\/wp-includes\/js\/wp-emoji-release.min.js?ver=6.1.1"}}; * ACCESS LEASE -The property owners owns the land and improvements above Georgia Power Company which he may have access for use of the lake. For Sale: 200000 - Lots And Land, bed, bath, sqft at LOT #63 Lake Crest Drive in Sparta. On this lease the residential structure is completely above the 350 contour. Show only listings with virtual tours. The information below was provided from the Georgia Land Managment office and subject to change. 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. * FULLY OWNED - (Also known as fee or fee simple) The property owner owns all of the land down to the lake. 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. Lake Oconee and Lake Sinclair are both relaxing and rejuvenating. Do not use without permission. 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. RESIDENTIAL INFORMATION SHORELINE GUIDELINES. Requirements to transfer a GA. Power fully . 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. Are you sure you want to report this blog entry as spam? 706-746-1450, Office125 Wallace Dam Road Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. An Access Lease or Access-Residential Lease with GPC is required on these type properties and an annual fee applies. All Rights Reserved. /*

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