Showing posts with label lake lots. Show all posts
Showing posts with label lake lots. Show all posts

Monday, June 29, 2009

Max docks and boat lifts on Lake Oconee

Georgia Power sets policy on which Lake Oconee waterfront lots can have a dock and the kind of dock allowed. The dock type and availability are two factors that determine the value of a lakefront home or lake lot. Generally, the lot must have 100' of waterfront before it can have a dock of any kind. There have been exceptions, many of which have been grandfathered in from past years, but requirements have tightened recently. Anyone considering Lake Oconee lakefront property will be wise to call Georgia Power, whether the property already has a dock or not.

If there is a dock, Georgia Power can let the prospective buyer know the dock's status...for example, they are now requiring that any new dock, or rebuilt dock, must be no closer than 15' to a side lotline, so an existing dock may need to be repositioned if or when it is rebuilt. If there is no dock, GaPower can tell, often without visiting the lot, whether and what kind of dock will be allowed, and how it should be positioned.

They (GAPower) have been extremely cooperative and reliable. Generally, lots that can have no dock will be worth tens of thousands of dollars less than one that is dockable. Undockable lake lots are very uncommon at Lake Oconee, but you need to know for sure.

Dockability can add $50K to $100K+ to the value of a lot or a lake home. The most desirable dock is a max dock with an "H" slip and a 320 square foot seating area. Such a dock can usually have two boat lifts and up to four PWC lifts. Some lots can only have a "wharf" dock...one that is parallel to the shoreline, but some of these can have a boatlift as well.


Whether buying a property or selling a property, a little homework can be critical.

Wednesday, June 3, 2009

Lake Oconee lake homes and lake lots for sale

Here is what is on the market at Lake Oconee Georgia for six categories of lakefront and golf property as of 6-3-09;

Lakefront homes non-golf: 139 homes from $225K to $2,900K Median: $615K
Lakefront homes gated/golf: 84 homes from $669K to $5,695K Median: $1,540K
Off lake homes gated/golf: 225 homes from $185K to $4,995K Median: $629K

Lakefront lots non-golf: 80 lots from $99K to $1,750K Median: $340K
Lakefront lots gated/golf: 72 lots from $249K to $1,650K Median: $722K
Off-lake lots gated/golf: 363 lots from $38K to $929K Median: $189K