Lake Rabun, often referred to as one of Georgia’s most scenic mountain lakes, offers 835 acres of peaceful water surrounded by wooded hills. Known for its family-friendly atmosphere, Lake Rabun is a favorite for boating, fishing, and swimming. It’s a hub of activity in the summer, with events like the annual Fourth of July boat parade and fireworks show bringing the community together.
Key Facts About Lake Rabun:
- Shoreline Miles: 25 miles
- Acreage: 835 acres
- Max Depth: 114 feet
- Total Lots: 485
- Leased Lots: 210
- % Fee Simple Lots: 57%
Understanding Lease Lots vs. Fee Simple Lots
What’s a lease lot? What’s a fee simple lot? When buying property around Lake Burton, it’s important to understand the difference between lease lots and fee simple lots.
- Lease Lots: These are lots where the land is owned by the Georgia Power Company, and homeowners lease the land under long-term agreements. You own the home, but you lease the land it sits on, which can have specific terms and conditions.
- Fee Simple Lots: With these lots, you own both the land and the home outright, giving you complete ownership and more flexibility.
Both options can offer great benefits, but the process of purchasing a lake lot can come with complexities, especially when it comes to leasing agreements, property rights, and local regulations. That’s why it’s crucial to work with a knowledgeable local REALTOR® who understands the ins and outs of our unique lake properties. They’ll help ensure the purchase process goes smoothly, whether you’re buying a lease lot or a fee simple lot, protecting your investment and avoiding potential complications.
Explore Other Nearby Lakes
Be sure to check out our blog posts on these nearby lakes: