Tuesday, December 28, 2010

Lake Rabun 2010 Sales Summary

LAKE RABUN SUMMARY
RECENT SALES
11 Hartwell Lane, listed by Re/Max for $2,275,000 sold furnished for $1,650,000.
UNDER CONTRACT
299 Stillhouse Lane is quietly under contract by private parties and should close in December.
5618 Brandon Mill Road
, listed for $650,000 is under contract.
ACTIVE
There are approximately 56 homes for sale on Lake Rabun, representing about 12% of the homes on Lake Rabun.  The closing of 12 homes in 2010 on Lake Rabun is a significant number as it comes close to the peak of 13 homes closed in 2006.
BANK OWNED
There are currently 4 bank owned properties remaining for sale on Lake Rabun:
769 Lake Rabun Road 

 $5,588,000

6352 Lake Rabun Road  - $629,000 - very last home on Lake Rabun Road across from bridge
5628 Lake Rabun Road  - $550,000 - the old marina
5731 Lake Rabun Road  - $450,000 - concrete block home in the no wake zone