Waterfront
Address
388 Possum Point Drive, Eatonton, GA
Price
$ 1,500,000
Property Attributes
- MLS#10731129
- TypeSingle Family
- Listing Status Active
- CountyPutnam
- CityEatonton
- NeighborhoodPOSSUM POINT
- Zip31024
- StyleOther
- Year Built1991
- Taxes$ 5477
- Price$ 1,500,000
- Bedrooms7
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage3292
- Lot Size2.35 Acres
Data Source:
Georgia MLS (GAMLS)
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
| Elementary School | Middle School | High School |
|---|---|---|
| Putnam Elementary School | Putnam County Middle School | Putnam High School |
| Price History | |
|---|---|
| 4/13/2026 | Listed $1,500,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Central,Electric |
| Cooling | Central Air,Electric |
| Utilities | Phone Available |
| Roof | Metal |
| Appliances | Dishwasher,Electric Water Heater,Microwave,Refrigerator |
| Association Fee Includes | None |
| Patio/Porch Features | Porch,Screened |
| Architectural Style | Other |
| Construction Materials | Other,Vinyl Siding |
| Year Built | 1991 |
| View | Lake |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| Waterfront Features | Lake,Seawall |
| Community Features | Lake |
| County | Putnam |
| New Construction | false |
| Property Type | Residential |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | POSSUM POINT |
| Garage Y/N | true |
| Other Structures | Boat House,Shed(s) |
| Full Baths | 5 |
| Status | Active |
| Directions | Pea Ridge to Possum Point. left at stop sign house about 2 miles on right. |
| High School | Putnam |
| City | Eatonton |
| Body of Water | Lake Sinclair |
| Lot Size Units | Acres |
| Lot Size Square Feet | 102366 |
| Carport Y/N | false |
| Elementary School | Putnam |
| Land Lease Y/N | false |
| Tax Annual Amount | 5477.35 |
| Home Warranty Y/N | false |
| Middle/Junior High School | Putnam County |
| Property Condition | Resale |
| Virtual Tour | https://tour.usamls.net/388-Possum-Point-Drive-Eatonton-GA-31024/unbranded |
| Structure Type | House |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
Interior Features
| Interior Amenities | Other |
|---|---|
| Basement | Finished |
| Flooring | Carpet |
| Total Fireplaces | 1 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Above Grade Finished Area | 3292 |
| Laundry Features | Laundry Closet |
| Total Bedrooms | 7 |
| Main Level Bedrooms | 4 |
| Main Level Bathrooms | 3 |
| Below Grade Finished Area Unit Type | Square Feet |
| LivingAreaSource | Public Records |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 5 |
Exterior Features
| Exterior Amenities | Dock,Other |
|---|---|
| Fencing | Fenced |
| Parking Features | Detached |
| Lot Features | Private |
| Water Source | Shared Well |
| Total Parking | 2 |
| Lot Size Area | 2.35 |
| Building Area Total | 3292 |
| Lot Size Acres | 2.35 |
| Frontage Length | Waterfront Footage: 290 |
| Frontage Type | Waterfront |
| Lot Size Source | Public Records |
| Waterfront Y/N | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 31024
Price
Taxes
Year Built
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