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For sale
  • $1,500,000

    388 Possum Point Dr, Eatonton, GA 31024

    7beds
    3,292sqft
    : 
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    Lake Comm Home, Single Family Residence
    Built in 1991
    2.35 Acres Lot
    $1,381,600 Zestimate®
    $456/sqft
    $-- HOA

    What's special

    Incredible panoramic lake viewsEndless parkingAll new appliancesFully remodeled
    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
    81 days
    |
    482
    |
    23
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Margaret Decker,

    Lake Homes Realty

    Source: LCBOR,MLS#: 70842MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 5
      • Full bathrooms: 5
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Built in Microwave, Dishwasher, Refrigerator, Vent Hood
      Features
      • Flooring: Carpet, Vinyl
      • Basement: Finished
      Interior area
      • Total structure area: 3,292
      • Total interior livable area: 3,292 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: 2 Car Detached
      • Garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Porch, Screened Porch
      • On waterfront: Yes
      • Waterfront features: Lake Front, Double Stall Boathouse
      • Frontage length: Approx Water Frontage: 290
      Lot
      • Size: 2.35 Acres
      • Features: Lake Sinclair Area
      • Topography: Gentle Slope,Level
      Details
      • Additional structures: Shed(s)
      • Parcel number: 088B172
      • Zoning description: Residential
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Lake Comm Home, Single Family Residence
      Materials
      • Vinyl Siding
      • Roof: Asphalt/Comp Shingle
      Condition
      • Year built: 1991

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Shared Well

      Community & HOA

      Community
      • Features: No Golf Membership
      • Subdivision: POSSUM POINT
      Location
      • Region: Eatonton

      Financial & listing details

      • Price per square foot: $456/sqft
      • Tax assessed value: $982,656
      • Annual tax amount: $7,305
      • Price range: $1.5M - $1.5M
      • Date on market: 4/24/2026
      • Listing agreement: Exclusive Right To Sell
      • Inclusions: Boat Lift

        Estimated market value

        $1,381,600

        $1.31M - $1.45M

        $3,754/mo

        Price history

        DateEventPrice
        4/12/2026Listed for sale$1,500,000-2%$456/sqft
        Source: Milledgeville MLS #56634 Report a problem
        4/10/2026Listing removed$1,530,000$465/sqft
        Source: LCBOR #69507 Report a problem
        9/27/2025Listed for sale$1,530,000+223.1%$465/sqft
        Source: LCBOR #69507 Report a problem
        10/13/2023Sold$473,500-13.9%$144/sqft
        Source: Public Record Report a problem
        8/11/2023Price change$550,000-8.2%$167/sqft
        Source: Milledgeville MLS #48148 Report a problem
        7/31/2023Price change$599,000-7.1%$182/sqft
        Source: Milledgeville MLS #48148 Report a problem
        7/17/2023Price change$645,000-7.2%$196/sqft
        Source: Milledgeville MLS #48148 Report a problem
        7/1/2023Listed for sale$695,000-42.1%$211/sqft
        Source: Milledgeville MLS #48148 Report a problem
        10/12/2022Listing removed--
        Source: Milledgeville MLS Report a problem
        8/31/2022Price change$1,200,000-20%$365/sqft
        Source: Milledgeville MLS #46989 Report a problem
        8/23/2022Listed for sale$1,500,000$456/sqft
        Source: Milledgeville MLS #46989 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,305 +123.9%$393,062 +23.6%
        2024$3,262 -41.1%$317,989 +3.7%
        2023$5,536 +37.6%$306,707 +53%
        2022$4,024 +3%$200,406 +16.8%
        2021$3,908 -1.4%$171,525 +4.9%
        2020$3,962 +1.6%$163,544 +16.3%
        2019$3,900 +23%$140,670
        2018$3,172 -9.7%$140,670
        2017$3,514 +10.7%$140,670
        2016$3,175 $140,670
        2015$3,175 +3.8%$140,670
        2014$3,060 $140,670
        2013-- --
        2012-- --
        2011-- --
        2009-- $152,028
        2008-- $152,028
        2007-- $152,028 +1.2%
        2006-- $150,206 +12.7%
        2005-- $133,246
        Find assessor info on the county website

        Monthly payment

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 31024

        Getting around

        0 / 100
        Car-Dependent
        18 / 100
        Somewhat Bikeable

        Nearby schools

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