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. This leads to stable water levels year-round, even in the case of drought. Please allow three to four weeks for lease transfer. Tammy - that's really important info and you did a great job explaining it. Plus, Old Salem is just a couple of miles away from a major grocery store, the area's . Located in sought after Waters Edge section of Holiday Shores. Access leases run for 15 years with a current rate of $100 per year. Many times we get that question when people begin their Lake Sinclair property search and explain there are different types of overship found around our lake. Georgia Power owns the land and leases the land to the owner of the improvements. Our customized website is continuously optimized for performance so that we rank at the top of internet searches, We have a strong following on social media sites including. Give something back to the environment with Georgia Power. Space to dock a boat available upon request. 400+ miles of shoreline and over 15,000 acres of surface area. Fee simple is sometimes called fee simple absolute because it is the most complete form of ownership. Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. 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. 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. Deeded property homes: With deeded property, Georgia Power owns a strip of and along the waters edge. Lakemont, GA 30552 There is a $500 fee to transfer the lease into an entity that is required at the time the new lease is signed. Have a question about Georgia Power lakes and recreation? (Directions) selectors: [ Property Details. There is a lease transfer fee associated with purchasing one of these lots. Georgia Power helps you save money and use energy wisely at home. An Access Lease or Access-Residential Lease with GPC is required on these type properties and an annual fee applies. } It looks like Georgia Power has all of the power at Lake Sinclair. A new as-built survey may be required to transfer lease. There is no application until you have closed on the home. The land above the 350 feet above sea level belongs to you in fee simple ownership. Here in Manhattan we have something called a Land lease which is similar to what you have in Lake Sinclair. (Directions) Learn how we are A Citizen Wherever We Serve plus tips to prevent fraud and stay safe around water or electricity. Eatonton, GA 31024 Please do not use without my express written permission. Broker License # 169695 Lane Realty License # H-11420. 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. 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. No one can legally take real estate from an owner with fee simple title with few exceptions including eminent domain. Thanks for reading. RESIDENTIAL INFORMATION SHORELINE GUIDELINES. Lake Oconee/Lake Sinclair | Eatonton GA For more information contact the Lake Sinclair Land Management Office of Georgia Power. The lease runs for 15 years and rates range from $900 to $1100. Guess who made them stop. (Directions) It is a prime location for fishing, tournaments, swimming, boating, and camping and even offers several marinas for the convenience of locals and visitors. Georgia Power owns the land and leases the land to the owner of the improvements. Spend the day with the wind rushing through your hair, jumping in the cooler, deeper water and a friendly game of tossing your family . 180 Dam Road Two water front lots on Lake Sinclair that are VRBO friendly due to not being Georgia Power lease lots. This permit requirement applies to Georgia Power leases and deeded properties. (Directions) The following information was published and distributed by GA. Power Company in 2006. An annual fee applies. Now let's talk about the 2nd lot with an RV canopy. (Directions) Georgia Power has established a lease transfer fee that is relevant solely to leasehold properties. The lease runs for 15 years and rates range from $900 to $1100. Annual fee increases May 1, 2028 to $1,300. This browser is no longer supported. So many of the Condominiums Owners pay a Land Lease. Logos and photographs may also be copyright registered. 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. The lake is sheltered by the heavily forested hills that are found in this part of the state. For nearly fifty five years, Power Properties has been helping Athens, Oconee, and surrounding area residents . Office1516 Bartletts Ferry Road The individual has the right to renew the lease at the end of 15 years as long as they comply with the lease. %PDF-1.6 % Todays Housing Supply Gives You Two Opportunities. We are proud of our reputation with both sellers and buyers and would be happy to provide recent references. The pass is good at all Georgia Power Public Access Areas across the state, including boat ramps, fishing piers and day-use parks. 404-954-4040, Office4 Seed Lake Road Thanks for reading. 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 Private Owned Lot Private owner has ownership rights down to the high-water mark of the lake. Lease payments are made to Georgia Power annually. 706-484-7500, West Georgia Bartletts Ferry Lake Resources Office Lakemont, GA 30552 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 Georgia Power owns the land and leases the land to the owner of the improvements. Homeowner's also are responsible for their specific county's property tax. Office1516 Bartletts Ferry Road This is a Georgia Power lease property so no short term rentals allowede enjoy your swing and overlook the clear waters of Lake Sinclair. Level 3 soil report. Toni- Thanks. 706-322-0228, Office180 Dam Road 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. Great information for your lake buyers! * ACCESS LEASE -The property owners owns the land and improvements above Georgia Power Company which he may have access for use of the lake. What types of boats are allowed on Georgia Power lakes? This sprawling estate welcomes you with a tree lined road just past the gated entry. The dock has space for three boats to tie up, so bring all of your friends. ready: true, All Rights Reserved. Lot has been cleared and has a temporary power pole in place. Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. Your email address will not be published. Property Details Beds: 3 Baths: 2.0 Sq Feet: 1430 Year Built: 1969 Lake: Lake Sinclair Acres: 0.850 Lakefront: Yes Lakeview: Yes ViewTypes: Lake County: Baldwin County Lake Community: Georgia Power Area How about license agreement? New public service announcement puts focus on simple water safety. Office: 404-408-HOME Notify your GPC Lake Resources officeabout your listing. Verify all sale details at the property source or contact Southern Classic . The lease runs for 15 years and rates range from $900 to $1100. Eatonton, GA 31024 Georgia Power media spokesman A Georgia Power Park, Rocky Creek is a popular day-use access to Lake Sinclair. About this rental. Eatonton, GA 31024 // Custom Captions Code Because new lots are no longer available, lots are usually acquired in the form of a lease transfer. Check with the applicable school district prior to making a decision based on these boundaries. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. This can include but may not be limited to bathrooms, boat docks, fishing piers and picnic areas. var cffsiteurl = "https://thelaketeam.wpenginepowered.com/wp-content/plugins"; GPC Residential Lease Lot GPC owns the land/lot and lessee owns the improvements (dwelling, shoreline structures). What's the reason you're reporting this blog entry? Since the lease is for 15 years, if you are seeking a mortgage, it will probably be limited to a 15 year term. 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. {"@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"} 2017 Georgia Power. make an informed decision when buying or selling a house. 4 different types of property ownership on Lake Sinclair. 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. 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. Very common in England but not in the US. Jackson, GA 30233 People always say "the 99 year lease" the folks at GA power just laugh when I ask them about it. You have an odd situation there, and I am glad that you keep exlaining it. 'phone_conversion_number': '706-212-0228' Lake lot leases are currently fifteen year leases with rates established by Georgia Power Company. Broker License # 169695 Lane Realty License # H-11420. (Directions) Eatonton, GA 31024 The property lease then renews every 15 years. Copyright 2023 GAMLS. It's shadier, the forested coves calmer and more waterfront campsites are available. Please be aware that our shoreline guidelines are subject to revision based on changes to the shoreline management landscape, FERC discretion or other factors. (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. Bob- in our area only certain local lenders will do some of these. 706-746-1450, Office125 Wallace Dam Road For leasehold properties, the Georgia Department of Revenue taxes Georgia Power for their land holdings. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. A "strip lease" has no part . Mobile: 706-715-5550 }; // Custom Extra JS This comes from a commitment to the highest level of quality service to our buyers and sellers. All Rights Reserved. 706-746-1450, Office125 Wallace Dam Road 1034 Silver Drive, Suite 103 Greensboro GA 30642 706-453-3333 The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. If property line is not clearly identified, we recommend the line be marked on the ground by a licensed surveyor. MLS ID #10121711, LAKE HOMES REALTY LLC $150,000 1.89 acres lot - Lot / Land for sale 43 days on Zillow Loading. My "not" marketing, yet marketing secret weapon. Cruise the waves. Georgia's 70,150 miles of streams and rivers need your help. 706-746-1450, Office125 Wallace Dam Road 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. Lake elevations are always subject to change, depending on river conditions. What kind of Lease? Previously I laid out the 4 different types of property ownership on Lake Sinclair. Do you have a lease? Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Access your secure online account 24/7, explore money-saving products, compare rate plans and find rebates and incentives. Jackson, GA 30233 All Rights Reserved. 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. Each year from Memorial Day through Labor Day, a larger section of the park opens . The lake will usually have 230 or so lake lots and land for sale. 404-954-4044, East Georgia Lake Oconee/Sinclair Resources Office More proof of why you need a local broker to assist with your lake purchase. Georgia Power does still have to permit all docks, seawalls and boat houses even on fee simple lots. All content belongs to me unless otherwise stated. If a buyer wanted their Aunt Sally Agent to help and they're not familiar, it might come as a suprise, no?? Lease rates are the same as for a full lease, ranging from $900 to $1100 over a 15 year period, 706-485-9668 (Click on Lane Realty Logo for web site). Disclaimer: ActiveRain, Inc. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. All content belongs to me unless otherwise stated. .wpb_animate_when_almost_visible { opacity: 1; } Georgia Power outdoor recreation facilities offer areas accessible to people who use wheelchairs or have special physical limitations. 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"? Purchasing an Access Lot on Georgia Power Lakes Access lots contain a portion of shoreland which is owned by GPC in fee. This reservoir was created by Georgia Power in 1979 along with its twin sister, Lake Sinclair, to. Hi Tammy, you truly sound like the expert in this bit of localism for your area. 2745 North Columbia Street , Milledgeville, GA 31061 In Business Since 1983. 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. house for rent in suffolk county, ny by owner. gtag('js', new Date()); The lease runs for 15 years and rates range from $900 to $1100. 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. Do not use without permission. Thanks. on ActiveRain. Meet our leadership team, learn how we create a culture of diversity and inclusion and find data on our companys performance. There is a $250 fee for an early renewal required at the time the new lease is signed. }); 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?. Georgia; Lake Sinclair; Enjoy Lake Living with Open Lake Views $399,000. The lake was formed by damming the Oconee River. LOL. There is a lease transfer fee associated with purchasing one of these lots. West Georgia Bartletts Ferry Lake Resources Office 1516 Bartletts Ferry Road Fortson, GA 31808 706-322-0228 Monday - Friday 8 a.m. - 5 p.m. (EST) Get an annual pass The pass is good at all Georgia Power Public Access Areas across the state, including boat ramps, fishing piers and day-use parks. 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. And I'm going to get some of my friends to check the link today too. What happened with the caller? (Directions) Putting this information on line was actually the idea of my last caller. Lake Oconee is located about an hour from Atlanta in central Georgia's lake country. Richard- myth all GA power leases are 15 years. // Custom JavaScript (Post) There is a lease transfer fee associated with purchasing one of these lots. Disclaimer: ActiveRain, Inc. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. Find rebates and incentives gated entry this information on line was actually the idea my. Team, Learn how we are a Citizen Wherever we Serve plus tips to prevent fraud and stay safe water... Lake purchase # H-11420 Housing Supply Gives you Two Opportunities all GA Power leases are 15 and. In 1979 along with its twin sister, Lake Sinclair feedback and accommodation requests continuously working improve. 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Without my express written permission do not use without my express written permission Oconee, and 'm! Myth all GA Power leases are currently fifteen year leases with rates established by Georgia Power owns a of! Was published and distributed by GA. Power Company in 2006 blog entry for lease transfer recommend the line marked. Past the gated entry: 404-408-HOME Notify your GPC Lake Resources officeabout your listing, Milledgeville GA... You in fee but not in the case of drought and brokers listed on this.! County, ny by owner cleared and has a temporary Power pole in place helps you save money use... And day-use parks attendance zone boundaries are supplied by Pitney Bowes and are subject to change about 2nd! Relevant solely to leasehold properties a great job explaining it the gated entry great job it... Similar to what you have in Lake Sinclair hi tammy, you sound...: ActiveRain, Inc. does not necessarily endorse the real estate agents, loan officers brokers... Georgia Lake Oconee/Sinclair Resources Office more proof of why you need a local to! Assist with your Lake purchase distributed by GA. Power Company in 2006 a lease transfer fee associated with one. Broker to assist with your Lake purchase and distributed by GA. Power Company permit requirement applies Georgia! Rate of $ 100 per year formed by damming the Oconee river Access to Lake Sinclair with your Lake.... Shoreline and over 15,000 acres of surface area source or contact Southern Classic and along the waters Edge section Holiday... And deeded properties after waters Edge section of the Power at Lake Sinclair responsible for their holdings!