Waterfront
Address
388 Possum Point Drive, Eatonton, GA
Price
$ 1,500,000
Property Attributes
  • MLS#70842
  • TypeSingle Family
  • Listing Status BACK ON MARKET
  • CountyPUTNAM
  • CityEatonton
  • AreaPutnam
  • NeighborhoodPOSSUM POINT
  • Zip31024
  • StyleTraditional
  • Year Built1991
  • Price$ 1,500,000
  • Bedrooms7
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3292
  • Lot Size2.35 Acres
Data Source:
Lake Country GA MLS (LCGAMLS)
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

Price History
4/24/2026 Listed $1,500,000

General Features

Sewer Septic Tank
Heating Central,Electric
Cooling Central Air
Possession Close Of Escrow
Roof Asphalt/Comp Shingle
Appliances Built in Microwave,Dishwasher,Refrigerator,Vent Hood
Garage Spaces 2
Patio/Porch Features Porch,Screened Porch
Architectural Style Traditional
Construction Materials Vinyl Siding
Year Built 1991
Stories Count 2
Topography Gentle Slope,Level
Levels Two
Property Subtype Single Family Residence
Parcel Number 088B172
Waterfront Features Lake Front
County Putnam
New Construction No
Property Type Residential
HOA No
Attached Garage No
Subdivision Name POSSUM POINT
Garage Y/N Yes
Other Structures Shed(s)
Full Baths 5
Status BACK ON MARKET
Directions Pea Ridge to Possum Point. left at stop sign house about 2 miles on right.
City Eatonton
Senior Community Y/N No
Zoning Description Residential
Carport Y/N No
Property Attached Y/N No
Land Lease Y/N No
Standard Status Active
Tax Lot 73-75
Freehold IDX

Interior Features

Basement Finished
Flooring Carpet,Vinyl
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 7
LivingAreaSource Assessor
Total Baths 5

Exterior Features

Parking Features 2 Car Detached
Water Source Shared Well
Total Parking 2
Inclusions Boat Lift
Spa No
Building Area Total 3292
Lot Size Acres 2.35
Lot Size Source Owner
Waterfront Y/N Yes
Covered Spaces 2

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
AVG $900K
$1.5M
Year Built
AVG 2002
1991
Visits
AVG 10
26
Data Provided by Inside Real Estate®

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.