Notice of Sale Under Power Foreclosure Auction 4242 Highway $3,000,000

Lake Home For Sale

Notice of Sale Under Power Foreclosure Auction 4242 Highway 197 Clarkesville, GA 30523 Bidding Starts at $3,000,000 Tuesday, July 1, 2025 @ 10 AM ASSET DESCRIPTION: 5 Bedroom, 4.5 Bath home with +/- 3,112 SF plus two-story boathouse with fireplace and kitchenette. Panoramic views throughout the home and the boathouse! A LEASEHOLD INTEREST IN AND TO AND ALL IMPROVEMENTS LOCATED ON ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING IN LAND LOT 105 OF THE FIFTH LAND DISTRICT OF RABUN COUNTY, GEORGIA, BEING GEORGIA POWER COMPANY LEASE LOT 2202, AREA 9 OF LAKE BURTON RECREATIONAL DEVELOPMENT CONTAINING 2.43 ACRES AS MORE PARTICULARLY DESCRIBED UPON THAT CERTAIN PLAT OF SURVEY PREPARED BY T. LAMAR EDWARDS, GEORGIA REGISTERED LAND SURVEYOR NO. 1837, DATED OCTOBER 22, 2008 AND RECORDED IN PLAT RECORDS 60-262, CLERKS OFFICE, RABUN SUPERIOR COURT. REFERENCE IS HEREBY HAD AND MADE TO SAID PLAT OF SURVEY FOR THE PURPOSE OF INCORPORATING SAME HEREIN FOR A DESCRIPTION OF THE PROPERTY HEREIN CONVEYED. THE PROPERTY HEREIN CONVEYED IS SUBJECT TO THAT PORTION OF SAME LYING AND BEING WITHIN THE RIGHT-OF-WAY OF STATE ROAD 197, A PUBLIC ROAD, AND THE RIGHTS OF OTHERS TO USE, MAINTAIN AND REPAIR SAME. SUBJECT TO: LEASE AGREEMENT BY AND BETWEEN KELVIN SLATER AND AMANDA SLATER, AS TENANT, AND GEORGIA POWER COMPANY, AS LANDLORD, DATED JANUARY 17, 2020, RECORDED IN DEED BOOK A47, PAGE 93, RABUN COUNTY, GEORGIA RECORDS ON JANUARY 28, 2020. PROPERTY ADDRESS: 4242 Highway 197, Clarkesville, GA 30523 AUCTION LOCATION: Rabun County Superior Courthouse, 25 Courthouse Square, Clayton, GA 30525 at 10 AM EST. Bidder, or an authorized agent of bidder, must be present to place a bid. ONLINE REGISTRATION: You are encouraged to register here for the auction. Updates and additional announcements will be sent to registered bidders and posted to this site. Registration here does not obligate you to attend or bid at the auction. Pre-bids, absentee bids and online bids are not accepted for this auction. ALL bidding must occur in person at the auction site. INSPECTION: Open house dates will be announced shortly. All inspections will be by appointment only and must be scheduled at least 48 hours in advance. DO NOT approach the property without prior approval or confirmed appointment. DO NOT disturb the occupants under any circumstances. You are STRONGLY advised to inspect the property, in person, during the inspection period in order to validate the descriptions and/or photographs in this auction.