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
For sale
$1,500,000
388 Possum Point Dr, Eatonton, GA 31024
7beds
3,292sqft
Lake Comm Home, Single Family Residence
Built in 1991
2.35 Acres Lot
$1,376,000 Zestimate®
$456/sqft
$-- HOA
What's special
Incredible panoramic lake viewsEndless parkingAll new appliancesFully remodeled
- 127 days
- 346
- 20
Zillow last checked:
Listing updated:
Listed by:
Margaret Decker,
Lake Homes Realty
Source: LCBOR,MLS#: 70842
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
$1,376,000
$1.31M - $1.44M
$3,754/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/12/2026 | Listed for sale | $1,500,000-2%$456/sqft |
Source: Milledgeville MLS #56634 Report a problem | ||
| 4/10/2026 | Listing removed | $1,530,000$465/sqft |
Source:  LCBOR #69507 Report a problem | ||
| 9/27/2025 | Listed for sale | $1,530,000+223.1%$465/sqft |
Source: LCBOR #69507 Report a problem | ||
| 10/13/2023 | Sold | $473,500-13.9%$144/sqft |
Source: Public Record Report a problem | ||
| 8/11/2023 | Price change | $550,000-8.2%$167/sqft |
Source: Milledgeville MLS #48148 Report a problem | ||
| 7/31/2023 | Price change | $599,000-7.1%$182/sqft |
Source: Milledgeville MLS #48148 Report a problem | ||
| 7/17/2023 | Price change | $645,000-7.2%$196/sqft |
Source: Milledgeville MLS #48148 Report a problem | ||
| 7/1/2023 | Listed for sale | $695,000-42.1%$211/sqft |
Source: Milledgeville MLS #48148 Report a problem | ||
| 10/12/2022 | Listing removed | -- |
Source: Milledgeville MLS Report a problem | ||
| 8/31/2022 | Price change | $1,200,000-20%$365/sqft |
Source: Milledgeville MLS #46989 Report a problem | ||
| 8/23/2022 | Listed for sale | $1,500,000$456/sqft |
Source: Milledgeville MLS #46989 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Est. payment
Payment breakdown
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Neighborhood: 31024
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