Georgia Land Sold

Everybody who has been on Lake Lanier on a big holiday weekend knows how crowded it can get.  To curb congestion and environmental impact, a couple years back the Army Core of Engineers decided it prudent to cut the number of permits on the lake by nearly 60%.  The end effect?  Great or horrible for property values, depending on what access rights that has been established.  The AJC’s recent article highlights this:

"The dock permits more than doubled the price they were able to get a few months later when they sold their three-bedroom, 1960s-era Lake Lanier cabin and 10 acres, she said. The right to put in docks added hundreds of thousands of dollars."

On the Georgia Power lakes to the Northeast (Rabun, Seed, & Burton), it’s just as important.  Spec. homes are replacing 1960’s era cabins every summer, but not on single slip boathouses or lots without boat access.  Depending on the lake, dock access can add tens or hundreds or thousands of dollars to value on the near term.  This will be especially important consideration in any lake investment since many of Georgia’s lakes are reaching the cap imposed on dock permits.