Market update: Homes on Lake Oconee GA

Real Estate Agent with Coldwell Banker Lake Country 284620

23 years ago this month, I discovered Lake Oconee. 

5 years later, I stepped away from my international business career and began helping people discover the joys of lake and rural living in Georgia's Lake Country.

Once a business analyst, always a business analyst.

So - today let's see what's happening with lake front properties on Lake Oconee in 2023.

Reynolds Lake Oconee, the showcase gated community with resort style living, a Ritz Carlton Lodge, 11 restaurants, and six golf courses has a well-deserved reputation as a leading draw to the Lake Oconee lifestyle.

But today, lets focus on lake living outside of the gated golf communities.

There have been 32 homes with private lake frontage on Oconee sold in 2023 - median sold price was $877,500, at 97.55% of list price and average of 61 days on market. 6 homes are currently pending.

But... there is an interesting story within this category - homes listed under $1M are selling at a more robust pace, while homes priced above are lingering a bit longer - with a few noteworthy exceptions.

In fact, the median list price of the 21 lakefront homes (outside golf communities) currently available is an eye-popping $1.55M - nearly double the recent median sold price.

If we discount two new construction homes that have been on the market 225+ days - the average DOM is 52 days for current available homes.

Least expensive lakefront home sold this year is a 720sf garage with a 2BR apartment above. Wharf dock with very shallow water and obstructed views - but perfect for the kayaker on a budget - sold for $257,500!  

Right in the middle is a 2540sf 4 bedroom home, built in 1983 - just after the lake was filled - and recently remodeled. Sold for $855,000

Top of category - and among the most expensive lake homes sold that was located outside of the golf communities - a nearly new (2018) luxury home with 4000sf and located on a spectacular lot. Sold for $3,165,000.

Its best to have a market expert by your side when you are considering property at Lake Oconee - there are many factors that go into value.

Let my 18 years of experience selling lake homes, and a long business career before that, get to work to help you find the perfect lakefront property on Lake Oconee.



Posted by


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 (3)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jeanne Dufort this is very good information for both Buyers and Sellers in your area.

May 08, 2023 11:17 AM
Kirsten Mellinger
SkyView Real Estate - Simi Valley, CA
Ventura County Real Estate

Wow, what peaceful picture! Interesting stats - I think that's similar in a lot of areas around the country.

May 08, 2023 12:14 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeanne, thank you for sharing the most recent market results for Lake Oconee.   Prices are increasing everywhere!

May 11, 2023 09:38 AM