Active

388 Possum Point Drive

Eatonton, GA 31024

$1,500,000 $6,324/Mo

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Overview

Bed

Bath

3,292

Sqft

2.35

Acres(Lot)

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 entertai ning 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

Property Details

Property Type : Residential

Price : $1,500,000

AD Id : 77023086

MLS Id : 10731129

Beds : 7

Lot Size : 2.35 Acres

Living Area Size : 3,292

Year Built : 1991

Garage : 2

County : Putnam

Subdivision: Possum Point

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 7 Bedrooms On Upper Level: 3 Bedrooms On Lower Level: 0 Main Bedrooms: 4 Room Type: Great Room Window Features: Insulated Windows

Bathroom Information

Total Baths: 5 Full Baths: 5 Half Baths: 0 Full Baths Main: 3 Baths Full Lower: 0 Baths Full Upper: 2

Water/Sewer

Water Source: Shared Well Water BodyName: Lake Sinclair Sewer: Septic Tank
Interior Features

Other Flooring: Carpet

Appliances

Dishwasher,Electric Water Heater,Microwave,Refrigerator

Utilities

Phone Available
Cooling Features

Central Air,Electric

Heating Source

Central,Electric

Fireplace

Number of Fireplaces: 1

Building Information

Built Year: 1991 Roof Type: Metal Basement: Finished Levels: Two Property Age: 35
Exterior Features

Dock,Other
Laundry Features

Laundry Closet

Patio And Porch

Porch,Screened

Fencing

Fenced

Construction Materials

Other,Vinyl Siding

Property Condition

Resale

Lot Information

Lot Size (Acr): 2.35 Lot Size Source: Public Records Lot Features: Private
Property Information

Property Type: Residential Property Sub Type: Single Family Residence Structure Type: House Subdivision: POSSUM POINT City: Eatonton State: GA Directions: Pea Ridge to Possum Point. left at stop sign house about 2 miles on right. Property Status: Active

Listing Price Information

Original List Price: $1,500,000

Tax Information

Annual Tax: $5477.35 Tax Year: 2024
Home Warranty

Home Warranty Paid: No

Virtual Tour

Parking Information

Parking: 2 Parking Features: Detached
Homeowners Association Information

Association: No Annual Association Fee: 0 Calculated Total Monthly Association Fees: 0 Association Fee Includes: None Community Features: Lake

School Information

Elementary School: Putnam High School: Putnam Middle School: Putnam County Source Neighborhood: POSSUM POINT

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
586 Rockville Springs D.., Eatonton, GA, 31024	$749,900	3	2	1,672	1,672 SqFt
508 Rockville Springs D.., Eatonton, GA, 31024	$525,000	3	3	--
506 Rockville Springs D.., Eatonton, GA, 31024	$412,000	2	2	1,122	1,122 SqFt
506 Rockville Springs D.., Eatonton, GA, 31024	$412,000	2	2	1,122	1,122 SqFt
462 Rockville Springs D.., Eatonton, GA, 31024	$485,000	2	2	--
408 Rockville Springs D.., Eatonton, GA, 31024	$499,000	4	2	--
124 Lake Ridge Road, Eatonton, GA, 31024	$2,499,000	5	4	4,640	4,640 SqFt
280 Rockville Springs D.., Eatonton, GA, 31024	$385,000	3	2	--
108 Wesley Lane, Eatonton, GA, 31024	$299,900	3	2	1,782	1,782 SqFt
117 Rockville Springs C.., Eatonton, GA, 31024	$1,599,900	5	3	--

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.

ByOwner last updated this listing 06/16/2026 @ 03:03

MLS: 10731129 LISTED BY: Margaret Decker, Lake Homes Realty LLC 205-985-2991 SOURCE: Georgia MLS