Lake Sinclair is a beautiful place. Over 15,000 acres of fabulous water ways filled with fresh water fish including some incredible bass.
It is used for all types of recreation, people swim, boat, ski, jet ski, fish, picnic, sunbath on some of the beach areas. But the primary purpose for the Lake Sinclair is to provide cooling water for Plant Branch located on Hwy. 441 where the waters of Little River come together with the main channel of the Oconee River. The plant keeps Lake Sinclair full of water for the purpose of having water available for cooling the power plant. Lake Oconee is a holding reservoir to have additional waters to keep Lake Sinclair full pool even during times of drought. This is a benefit of buying on Sinclair over lake Oconee.
But since the power company actually owns the lake, they make the rules. You can sometimes have a boat house, dock, seawall, ect... it depends on the individual lot. Here are a copy of the rules.
Lake Oconee does not allow any boathouses. So there is another benefit of buying on Sinclair instead of Oconee.
Prices have come down on Lake Sinclair over the past 18 months. Interest rates are currently great. Lenders are telling me that second home buyers must usually now put down 20%, but with median sales prices falling just 4.4% in 2008 it's still a fantastic place to grow your money. Lake Sinclair real estate's 4.4% loss over the nearly 50% loss in the same time period in the stock market was a much safer place to house your money.
And history being what it is with inflation following on the heels of big spending by the government, it's the best time in decades to invest in real estate. Values sky rocket in times of inflation and and heavy inflation follows recession.
Take advantage of this opportunity. After all my grandpa had it right when he told me, buy land, they aren't making any more of it.
We have some super bargains out there right now. Several of our listings are now listed below appraised values. Call today to find out which bargain priced Lake Sinclair home fits your needs.
Tammy Lankford, Broker/Owner
Call me today for all your Lake Sinclair real estate needs.