At an auction of 16 lakefront townhomes (The Peninsula on Lake Oconee) on Sunday, December 13, all 16 properties sold within about 90 minutes. Many of the homes in the development had sold over the past couple of years for prices ranging from the mid-$400K's to over $700K. Auction prices ranged from $319K to $415K, with buyers paying an additional 8.5% buyers' premium. Total sales exclusive of buyers' premium was $5,827,000 based on the announced winning bids.
These were extremely well-done homes...all have assigned slips, custom interior finish and pool access, and other amenities.
The auction company, SheldonGood & Company, conducted an extremely well planned and executed event. There were ample opportunities for prospective buyers to view the properties in advance, the process was thoroughly explained in advance, and it was held in Atlanta with very strict qualification of prospective buyers.
Several bidders were represented by their buyer's agents from the Lake Oconee area.
Showing posts with label lake lots. Show all posts
Showing posts with label lake lots. Show all posts
Tuesday, December 15, 2009
Thursday, July 23, 2009
Searching for Lake Oconee lake property and golf property in Reynolds Plantation
Reynolds Plantation, Reynolds Landing, and Great Waters are gated golf communities developed by Reynolds/Linger Longer Communities. They are absolutely excellent properties...well-run, well-maintained, and offering a great selection for those who want to be in a gated community. BUT...
Many people searching for Lake Oconee properties begin their search by contacting Reynolds directly. Reynolds markets their corporate-owned properties around the U.S. and around the world very successfully. Reynolds properties tend to be, on average, priced 10% to 50% higher than comparable properties in other gated communities...Harbor Club, Cuscowilla, Del Webb, Waters Edge. Some seekers become discouraged by the prices in Reynolds, and don't realize that there is a whole world of property available in other gated communities, as well as "outside the gates", at a wide range of prices. The agents who work directly inside Reynolds DO NOT SELL, OR SHOW, properties outside Reynolds. Further, there may be a tendency to show recently released corporate lots/homes, then their own resale listings, then, as a last resort, those listed inside Reynolds by "outside the gates" agents.
Bottom line: You may be wise to establish contact with an "outside the gates" Realtor first, and gain exposure to the entire range of properties available at Lake oconee.
Many people searching for Lake Oconee properties begin their search by contacting Reynolds directly. Reynolds markets their corporate-owned properties around the U.S. and around the world very successfully. Reynolds properties tend to be, on average, priced 10% to 50% higher than comparable properties in other gated communities...Harbor Club, Cuscowilla, Del Webb, Waters Edge. Some seekers become discouraged by the prices in Reynolds, and don't realize that there is a whole world of property available in other gated communities, as well as "outside the gates", at a wide range of prices. The agents who work directly inside Reynolds DO NOT SELL, OR SHOW, properties outside Reynolds. Further, there may be a tendency to show recently released corporate lots/homes, then their own resale listings, then, as a last resort, those listed inside Reynolds by "outside the gates" agents.
Bottom line: You may be wise to establish contact with an "outside the gates" Realtor first, and gain exposure to the entire range of properties available at Lake oconee.
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