Tammy - that's really important info and you did a great job explaining it. Zillow has 41 homes for sale in Milledgeville GA matching Lake Sinclair. * ACCESS LEASE - The property owners owns the land and improvements above Georgia Power Company which he may have access for use of the lake. See the benefits 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. var cffajaxurl = "https://lake-burton-rabun.com/wp-admin/admin-ajax.php"; An annual fee applies. as a violation of the First Amendment in addition to the Fourteenth Amendment, and adds a judicially manageable discriminatory effect standard pursuant to this Courts Order on Defendants . 180 Dam Road 706-484-7500. 125 Wallace Dam Road Thanks for reading. :). Georgia's mild climates make it a perfect place to visit any time of year. Space to dock a boat available upon request. New homes are getting added all the time. /*! Thanks for reading. Access lots contain a portion of shoreland which is owned by GPC in fee. A strip lease lot has two separate types of ownership on the same lot. Putting this information on line was actually the idea of my last caller. For 2018, most Georgia Power leasehold lots have a standard transfer fee of $20,000. For Sale: 200000 - Lots And Land, bed, bath, sqft at LOT #63 Lake Crest Drive in Sparta. There is a lease transfer fee associated with purchasing one of these lots. Call me today for all your Lake Sinclair real estate needs. ActiveRain, Inc. takes no responsibility for the content in these profiles, Bob- in our area only certain local lenders will do some of these. If the subject property is adjacent to land owned by you, you must also include a copy of the deed evidencing your ownership of the adjacent land. Learn how we are A Citizen Wherever We Serve plus tips to prevent fraud and stay safe around water or electricity. post: function( $ ){ Check with the applicable school district prior to making a decision based on these boundaries. Information is deemed reliable but not guaranteed. Georgia Power has defined a valuation of each lake lot they own and they passthrough a lot assessment to the Leaseholders of individual leasehold lots each year to account for this taxation. pre: function( $ ){ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. 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. Is this your business? So? (Directions) Richard- myth all GA power leases are 15 years. 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. Operated by Georgia Power, Lake Sinclair came to life in 1953. 706-322-0228, Office180 Dam Road Tammy what great information, many buyers are not familiar with. 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.) 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 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. Homeowner's also are responsible for their specific county's property tax. area lakes representing 93 sellers and 107 buyers of lake homes. We look forward to working with you to make your lake experience an enjoyable one. Daily lake levels may fluctuate because of varying amounts of rainfall and the volume of water that passes through the dam for electricity generation. RESIDENTIAL INFORMATION SHORELINE GUIDELINES. 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. Lot has been cleared and has a temporary power pole in place. Today I had a call asking about one of those homes that is located on a Georgia Power lease lot. Guess who made them stop. You won't find any big hotels or resort along it's 417 miles of easy-going scenic shoreline. The following information was published and distributed by GA. Power Company in 2006. Very common in England but not in the US. Claim this listing and start receiving real-time leads today! Rates change from year to year, but below are the 2011 rates. informed decisions when buying and selling. Thanks for reading. Hi Tammy, great post and explanantion. Carport with attached workshop is plumbed and could become a small apartment. Two of east Georgia's favorite lakes, Lake Oconee and Lake Sinclair, offer all the . on ActiveRain. .wpb_animate_when_almost_visible { opacity: 1; } that are written by the members of this community. Logos and photographs may also be copyright registered. Georgia; Lake Sinclair; Enjoy Lake Living with Open Lake Views $399,000. What's the reason you're reporting this blog entry? Spend the day with the wind rushing through your hair, jumping in the cooler, deeper water and a friendly game of tossing your family . Do not use without permission. Find GA real estate agents Please choose the applicable permit form(s) below. 706-746-1450, Office125 Wallace Dam Road ".gallery", ".wp-block-gallery", ".wp-caption", ".wp-block-image", "a:has(img[class*=wp-image-])", ".foobox" 404-954-4040, Office4 Seed Lake Road 400+ miles of shoreline and over 15,000 acres of surface area. Jackson, GA 30233 This 3-bedroom, 2-bathroom vacation rental has everything you'll need to simply sit back, relax, and enjoy a day on the lake. Don't pass on this opportunity to own a Lake Sinclair home. 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? Please be aware that our shoreline guidelines are subject to revision based on changes to the shoreline management landscape, FERC discretion or other factors. Yet another reason to hire me with myh 45 year local history and 20 years in real estate. For leasehold properties, the Georgia Department of Revenue taxes Georgia Power for their land holdings. We strive to go above and beyond the average to ensure our clients have what they need. var PhoenixTeam = {"THEME_SLUG":"xenia","ajaxUrl":"https:\/\/lake-burton-rabun.com\/wp-admin\/admin-ajax.php","nonce":"2b643dfc6e"}; Lakemont, GA 30552 About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. Whether or not the property is a leasehold is very important to know upfront. The yearly lease fee is $900 at this time. The "99" number is what I heard for years. 2017 Georgia Power. LOL. 3) Ga. Power leased lots - Ga. Power owns the lot and individuals lease the lot for a term of 15 years. Our Community & Economic Development organization is supporting leaders in local communities to bring new jobs and capital investment to Georgia. All of our contractors are fully licensed and insured and have years of experience to provide you with the best end result. 1.72 acres in total. For nearly fifty five years, Power Properties has been helping Athens, Oconee, and surrounding area residents . Depending on where you are from, you may not be familiar with any other form of real estate ownership. window.dataLayer = window.dataLayer || []; gtag('js', new Date()); Georgia Power Leasehold Vs. Fee Simple Ownership: Georgia Power Leasehold Vs. Fee Simple Ownership. 2017 Georgia Power. Please note: Due to COVID-19 restrictions, certain facilities at some of our lakes and campgrounds remain closed. Private owner has ownership rights down to the high-water mark of the lake. There are four types of ownership for property on Lake Sinclair. Zillow, Inc. holds real estate brokerage licenses in multiple states. ga('create', 'UA-99921541-1', 'auto'); HyperLocal Neighborhood and Community Posts, georgia power lease property at lake sinclair. The information below was provided from the Georgia Land Managment office and subject to change. Please call the local land management office to confirm whether your needs can be met at the facility you are planning to visit. 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. New Created Listings. var FOOBOX = window.FOOBOX = { Good luck with the buyer! Now let's talk about the 2nd lot with an RV canopy. We are proud of our reputation with both sellers and buyers and would be happy to provide recent references. The lake will usually have 230 or so lake lots and land for sale. Fee simple is sometimes called fee simple absolute because it is the most complete form of ownership. Georgia Power does still have to permit all docks, seawalls and boat houses even on fee simple lots. Jackson, GA 30233 Office1516 Bartletts Ferry Road on ActiveRain. And I'm going to get some of my friends to check the link today too. Property Details. Thanks. All content belongs to me unless otherwise stated. Do not use without permission. All rights reserved. 4 different types of property ownership on Lake Sinclair. This permit requirement applies to Georgia Power leases and deeded properties. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Quick Search: Our office's listings. Copyright 2023 GAMLS. Please do not use without my express written permission. If a buyer wanted their Aunt Sally Agent to help and they're not familiar, it might come as a suprise, no?? 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. gtag('config', 'AW-1033187946/ERJ7CJiyw8QBEOrk1OwD', { You must sign original legal documents from GPC andhave them notarized and witnessed in order to validate document. // Custom Captions Code Lake Oconee and Lake Sinclair are both relaxing and rejuvenating. Georgia Power does own some of the land and lease it. For more information contact the Lake Sinclair Land Management Office of Georgia Power. [CDATA[ */ Purchasing an Access Lot on Georgia Power Lakes Access lots contain a portion of shoreland which is owned by GPC in fee. 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. My "not" marketing, yet marketing secret weapon. 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, http://www.lake-sinclair.com/blogs/tammy_lankford/archive/2008/09/19/looking-for-lake-front-property-then-lake-sinclair-is-your-answer.aspx. More proof of why you need a local broker to assist with your lake purchase. Georgia Power owns the land and leases the land to the owner of the improvements. }); 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?. If you don't have a boat, no problem, many area marinas rent them by the half or full day. The proper management of shoreline development must balance the interests of a number of stakeholders and is vital to the life of the lake. Annual lease fee is $1,200 (due May 1st) until April 30, 2028. Call 1-855-607-6462 or visit our reservations website to obtain one. Volunteer and help us clean our rivers, streams, lakes and wetlands by joining a local cleanup program. If you find yourself at the lake, obviously you need to get out ON the lake. On this lease the residential structure is completely above the 350 contour. 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. custom: function( $ ){ Hopefully that will work. (Directions) A new as-built survey may be required at time ofearly renewal. 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 20+ Years Selling Homes in New Port Richey, FL, 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. For more than 480 lease lots owners on the Baldwin County side of Lake Sinclair, an extra assessment on their property is not a welcome addition. Please do not use without my express written permission. I don't sell properties with this type of set up but in another area in Washington there are leases of some tribal lands. Before a lease is issued, the lessee will be responsible for meeting certain requirements. GPC owns a strip of land between the lake and the privately owned property. If property line is not clearly identified, we recommend the line be marked on the ground by a licensed surveyor. ready: true, GPC owns the land/lot and lessee owns the improvements (dwelling, shoreline structures). 706-484-7500. 706-322-0228, Office180 Dam Road All content belongs to me unless otherwise stated. . In addition to that property tax bill, they also receive an annual lot assessment from Georgia Power to cover the passthrough of property tax for the land lot. sellers in the area. The transfer of lease is required to take place in conjunction with your closing. 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"}}; /* */ Georgia Power's Lakes Oconee and Sinclair are located midway between Atlanta and Augusta in east. It looks like Georgia Power has all of the power at Lake Sinclair. Save your search and be the first to know. People always say "the 99 year lease" the folks at GA power just laugh when I ask them about it. There is no application until you have closed on the home. (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); This can include but may not be limited to bathrooms, boat docks, fishing piers and picnic areas. 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. Bedroom3; Baths2; Property typePrivate Vacation Home; Max Sleeps7; Min Stay2 Nights; Milledgeville may be small, but it's packed with history and entertainment! Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. You can always call them to verify the current information at 706-485-8704. This reservoir was created by Georgia Power in 1979 along with its twin sister, Lake Sinclair, to. Russel- the link worked for me. Do you have a lease? What happened with the caller? Lake Sinclair is located about 90 drive southeast of Atlanta. Georgia Power has a standardized 15-year lease agreement (with a guaranteed 15-year renewal) on the property. * FULL LEASE - The property owner actually owns all of the improvements (house, dock, etc.) * 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 There is a $250 fee for an early renewal required at the time the new lease is signed. Broker License # 169695 Lane Realty License # H-11420. An annual fee applies. Now I know the truth!!! Carport with attached workshop is plumbed and could become a small apartment. Georgia's 70,150 miles of streams and rivers need your help. If you have any further questions please feel free to call me.Different types of lot ownership on Lake Sinclair can be confusing. may encroach over this property line. Eatonton, GA 31024 Jackson, GA 30233 Here in Manhattan we have something called a Land lease which is similar to what you have in Lake Sinclair. 1.72 acres in total. Because new lots are no longer available, lots are usually acquired in the form of a lease transfer. An Access Lease or Access-Residential Lease with GPC is required on these type properties and an annual fee applies. The transfer of lease is required to take place in conjunction with your closing. We are there before, during, and after the sale. 706-746-1450, Central Georgia Lake Jackson Resources Office Situated in the historical heartland of Milledgeville, Georgia, you will find the gem of Lake Sinclair. No one can legally take real estate from an owner with fee simple title with few exceptions including eminent domain. Access Lot GPC owns a strip of land between the lake and the privately owned property. So right after I emailed it to her, I began to write this post. 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. There is a $5 parking fee. // Custom JavaScript (Pre) There is a lease transfer fee associated with purchasing one of these lots. 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. I'm sure the buyer's who are brand new to your area appreciate your expertise in explaining the different types of ownership possibilities. There is an access lease of 15 years with a lease fee of $100 . GPC has absolute authority regarding this shoreland strip and determines what can or cannot be done on this portion of the property. 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. Office: 404-408-HOME Since the lease is for 15 years, if you are seeking a mortgage, it will probably be limited to a 15 year term. While visiting Lake Sinclair, minutes from downtown Milledgeville, there is so much more you must plan to do. About this rental. A "strip lease" has no part . Property For Rent In Madison, Georgia. All Rights Reserved. The pass is good at all Georgia Power Public Access Areas across the state, including boat ramps, fishing piers and day-use parks. We will request a copy of your Warranty Deed and Plat/Survey once you have closed so that a new Access Lease can be prepared. Lake Sinclair is a man-made lake that was created when the Oconee River was dammed by Georgia Power. The property is currently available for sale at a price of $200,000. Please advise. (Directions) Endre- that's my in laws favorite anniversary destination they should visit again soon. 706-746-1450, Office125 Wallace Dam Road 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.) 706-484-7500. I was told only one, but wanted to confirm. GPC Residential Lease Lot GPC owns the land/lot and lessee owns the improvements (dwelling, shoreline structures). The dock has space for three boats to tie up, so bring all of your friends. 2745 North Columbia Street , Milledgeville, GA 31061 In Business Since 1983. My "not" marketing, yet marketing secret weapon. 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. 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.

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