Enjoy seasonal duck hunting or deer hunting. This sprawling estate welcomes you with a tree lined road just past the gated entry. 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. Annual fee increases May 1, 2028 to $1,300. 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. Contact appropriate GPC lake office to begin early renewal process. Interesting same sort of thing on Lkae Jackson but I thought that the leases ran longer there. All Rights Reserved. Carport with attached workshop is plumbed and could become a small apartment. Carport with attached workshop is plumbed and could become a small apartment. The three bedroom two bath home is ready for weekend fun. Please advise. })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); You won't find any big hotels or resort along it's 417 miles of easy-going scenic shoreline. * FULLY OWNED - (Also known as fee or fee simple) The property owner owns all of the land down to the lake. There are four types of ownership for property on Lake Sinclair. (Directions) Since the lease is for 15 years, if you are seeking a mortgage, it will probably be limited to a 15 year term. Eatonton, GA 31024 Lake Sinclair boasts over 500 miles of . The lake is large enough to enjoy all types of on-water recreation. Georgia Power owns both Lake Oconee and Lake Sinclair, and water levels are controlled by the Wallace Dam. So yes, there are pros to them too. 3) Ga. Power leased lots - Ga. Power owns the lot and individuals lease the lot for a term of 15 years. It's shadier, the forested coves calmer and more waterfront campsites are available. 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? If you have questions about something on Lake Sinclair call me or email me. There is a $500 fee to transfer the lease into an entity that is required at the time the new lease is signed. License agreements are free and simply give us the necessary control of issues as aesthetics and the environment. Today I had a call asking about one of those homes that is located on a Georgia Power lease lot. m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) She who controls the land ultimately wins. Thanks for reading. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Beds: 3; Access leases run for 15 years with a current rate of $100 per year. This portion of the property will not be described in a legal warranty deed as its separate and apart from the fee simple property the owner is purchasing. 3 Bedroom Condo for Rent at 125 Wood Lake Dr #201, Athens, GA 30606. We offer buyer agency, so you can be represented and aided in negotiations and guided to lenders that handle the unique lending process that lease properties present. All rights reserved. var cfflinkhashtags = "false"; A boat ramp, picnic area, walking trail, and banks to fish from ensure a great time whether you are an avid fisherman or teaching the kids how to fish. Call me today for all your Lake Sinclair real estate needs. Now let's talk about the 2nd lot with an RV canopy. 1,523 were here. Buyers need to work with someone that knows how it all works. Access leases run for 15 years with a current rate of $100 per year. Georgia Power (Southern Company) owns 15 lakes in Georgia and Lake Sinclair has some very unique ownership types that are not found at all Georgia Power lakes and none of the core of engineer lakes in our state. With a combined 48 years of real estate sales experience we understand and share our vast knowledge of the lake market so you can make 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. Bedroom3; Baths2; Property typePrivate Vacation Home; Max Sleeps7; Min Stay2 Nights; Milledgeville may be small, but it's packed with history and entertainment! 404-954-4040, Office4 Seed Lake Road Broker License # 169695 Lane Realty License # H-11420. This reservoir was created by Georgia Power in 1979 along with its twin sister, Lake Sinclair, to. Access Lot GPC owns a strip of land between the lake and the privately owned property. 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