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Tom Sipp

sipprealty@bellsouth.net +1(706) 346-4077

$ 1,500,000

Est. payment | -/mo

7 Beds

5 Baths

3,292 SqFt

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$ 1,500,000

Est. payment | -/mo

Save Virtual Tour

7 Beds

5 Baths

3,292 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status New

Purchase Type For Sale

Square Footage 3,292 sqft

Price per Sqft $455

Subdivision Possum Point

MLS Listing ID 10731129

Style Other

Bedrooms 7

Full Baths 5

HOA Y/N No

Year Built 1991

Annual Tax Amount $5,477

Tax Year 2024

Lot Size 2.350 Acres

Acres 2.35

Lot Dimensions 2.35

Property Sub-Type Single Family Residence

Source Georgia MLS 2

Property Description

RARE LAKE SINCLAIR LIVE-AND-EARN ESTATE featuring 3 SEPARATE RESIDENCES, DEEP WATER and one of the MOST EXPANSIVE SHORELINES on the lake. This exceptional waterfront compound offers a unique opportunity to enjoy lake living while generating strong income potential. Situated on 2.35 private, fully fenced acres, this property includes 3 HOMES, making it ideal for investors, short-term rental operators, and/or multi-generational families seeking space, privacy, and flexibility. The main lakefront home is currently operating as a successful short-term rental generating approximately $50k-$65k annually, while the additional dwellings offer excellent potential for steady mid- to long-term income (ranging from $1700 - $2200/mo each). MAIN HOUSE : 5 Bedrooms 4 Bathrooms Designed for entertaining and large gatherings Incredible panoramic lake views Currently operating as a high-performing short-term rental All new appliances GARAGE APARTMENT (ADU): 2 Bedrooms 1 Bathroom Currently leased long-term Estimated rental value $1,800-$2,000/month Private balcony overlooking the lake All new appliances BUNGALOW/GUEST HOME: Fully remodeled 2 Bedrooms 2.5 Bathrooms Estimated rental value $2,200-$2,400/month Beautiful lake views and private setting All new appliances OUTDOOR AND PROPERTY FEATURES: Deep water, 3 RV hookups, Endless parking, New HVAC systems, water heaters and water pump, Entertaining areas galore -covered bar, swings, picnic tables, swings, HUGE garage shop w/bathroom. RARE OPPORTUNITY. FEE SIMPLE

Location

State GA

County Putnam

Rooms

Bedroom Description No

Other Rooms Boat House, Shed(s)

Basement Finished

Interior

Interior Features Other

Heating Central, Electric

Cooling Central Air, Electric

Flooring Carpet

Fireplaces Number 1

Fireplace Yes

Appliance Dishwasher, Electric Water Heater, Microwave, Refrigerator

Laundry Laundry Closet

Exterior

Exterior Feature Dock, Other

Parking Features Detached

Garage Spaces 2.0

Fence Fenced

Community Features Lake

Utilities Available Phone Available

Waterfront Description Lake,Seawall

View Y/N Yes

View Lake

Roof Type Metal

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Lot Description Private

Faces Pea Ridge to Possum Point. left at stop sign house about 2 miles on right.

Sewer Septic Tank

Water Shared Well

Architectural Style Other

Structure Type Other,Vinyl Siding

New Construction No

Schools

Elementary Schools Putnam

Middle Schools Putnam County

High Schools Putnam

Others

HOA Fee Include None

Tax ID 088B172

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Special Listing Condition Resale

Virtual Tour https://tour.usamls.net/388-Possum-Point-Drive-Eatonton-GA-31024/unbranded

Nearby Locations

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Tom Sipp

Broker-Associate | Lic# GA: 56741 | AL: 58659

sipprealty@bellsouth.net

+1(706) 346-4077

1609 Martha Berry Bldv., Rome, GA, 30161, USA

388 Possum Point DR Eatonton, GA 31024

Tom Sipp

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

388 Possum Point DR