Lake Oconee - should you choose the best view, or best home?

By
Real Estate Agent with Coldwell Banker Lake Country 284620

 

When you’re buying a Lake Oconee home – should you buy the best view or best home?

When searching for your lake home on 19,000 acre LakeOconee, how do you sort out your priorities?

 

If you’re lucky enough to be able to say "money is no object", then you can choose a great home on a fantastic lot, like this home in the acclaimed Reynolds Plantation. At 1521 Bennet Springs, you'll find a Cypress timber frame home built in 2013, with 5 bedrooms, four full baths and two powder rooms, plus an infinity pool with stunning lake views. List price is $3,290,000.

1521 Bennett Springs home front1521 Bennett Springs pool1521 Bennett Springs lake view

 

Even with a $1,000,000 budget, you’ll be able to get a lovely home, but with a lesser view, like this lakefront cottage at 1040 Bartrams Bluff in the Liberty Bluff section of Reynolds Plantation. The home has 4 bedrooms, four full, and one half bath, and was built in 2002 - listed for $1,099,000.

1040 Bartrams Bluff home front1040 Bartrams Bluff home back1040 Bartrams Bluff lake view

 

If your budget is close to the median 2014 sales price for a single family home with a private lakefront lot - $658,000 – then you’ll have to choose between a newer home on a lesser lot, or a great lot with an older home. This home at 1450 Plantation Drive is in the desireable Salem Plantation community, close to shopping and restaurants. Built in 1997, with 4 bedrooms and 3.5 baths, the home has good bones with dated finishes, including stippled ceilings and vinyl siding. List price is $639,000.

1450 Plantation home front1450 Plantation interior1450 Plantation lakeview

 

In the long run, the quality of the lot is generally what will appreciate in value the most – so if you’re in the position to handle a renovation project, or buy a smaller home now and expand later, you should seek out those hidden gems. Smaller older homes on great lots, like this 1980’s cottage looking out on the clear waters of the Richland Creek side of Lake Oconee. With this property, you can get million dollar views at a fraction of the price.

1840 Buckhead lake oconee cottage1840 Buckhead lake view

 

The original lake cottage has about 1000sf on each level, with vaulted ceilings and hardwood floors on the main floor, and 9ft ceilings below. The main level is finished, with a large great room, dining area, galley kitchen, and one bedroom with one full bath plus a powder room. An open stairwell leads to the lower level, where renovations are not yet finished. Bring your contractor and decide whether to complete the renovations and/or expand, or replace it with your dream lake home.

 1840 Buckhead great room1840 Buckhead kitchen1840 Buckhead lower level

Imagine relaxing on your porch, looking across the clear waters of the Richland Creek side of the lake at 18th fairway and green of the Reynolds Plantation Oconee Course. Enjoy the Ritz Carlton fireworks from your own dock. 

1840 Buckhead screen porch1840 Buckhead fireworks

The GA Power lot line is close to shore, so adding a lakeside firepit or pavilion would be easy. The natural water depth is 5ft plus – perfect for all your boating needs.

 

Best of all, the price is just $325,000 – well below the median price of just a lot on Lake Oconee.

 

If you’re looking to maximize your long term value, and are willing to consider project homes on Lake Oconee in exchange for A+ quality views and location, this could be the best option on the lake. Call me now to schedule your private showing.

 

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facebook horse-and-home-georgia  Jeanne Dufort on Zillow

 Are you thinking dreaming about a place that will nuture your soul, bring your family together, or give you a chance to give back?  Whatever your dream, I'm committed to helping you explore how Georgia's Lake Country fits in. Located midway between Atlanta and Augusta, the lake country offers two recreational lakes, plus wonderful historic small towns with a commitment to sustainable agriculture. Lets talk.

Jeanne Dufort

2010 Realtor of  the Year

Lake Country Board of Realtors

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Comments (2)

Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Jeanne Dufort both properties have their value, and it's a matter of opinion, taste and lifestyle.... I'd go with the smaller home with the nice view and improve the home in the future....

Feb 03, 2015 11:06 PM
Jeanne Dufort
Coldwell Banker Lake Country - Madison, GA
Madison and Lake Oconee GA

Barbara Todaro  - you and I are on the same page. But one of the things I like most about this business is helping buyers discover what their highest priorities are, and using my local knowledge to help them decide what property fits them best. Its match making at the highest level!

Feb 03, 2015 11:20 PM