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- LoopNet Team
5992 Warren Chapel Rd
Sparta, GA 31087
Sanctuary on Lake Sinclair · Land For Sale · 604.00 AC
Investment Highlights
- 602 Acre Lakefront Development
- $2.5 million in infrastructe in place
- GA Power lake with stable lake level
- 350-370 lots
- Partially developed clubhouse
- Only $6,055 per acre
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 604.00 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 604.00 AC |
Description
The Sanctuary on Lake Sinclair asset is a partially developed lake-front residential community located in Hancock County, Georgia with lake-front and interior lots, a clubhouse and planned water related amenities. The development is situated on 602.8 acres, with a partially developed phase I yielding 26 lake-front and 63 Interior (89 total) lots currently marketable. Considering the other undeveloped acreage, the project has the potential to yield approximately 350-370 lots overall. In addition to the available lots, Seven-(7) lots were previously sold by the original developer during a pre-opening sales phase. Engineering estimates show approximately $2.5 million in completed in-place infrastructure. A partially developed clubhouse amenity is included. . The property is available for purchase in entirety or in 1-3 phases. Individual lots are not being marketed at this time.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $456 | |
| Land Assessment | $918,625 | Total Assessment | $919,081 |
PROPERTY TAXES
zoning
| Zoning Code | R-100 (Residential) |
| R-100 (Residential) |
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