How
Many Homes Will Be In Marina Bay on Lake Lanier?
Marina Bay is a 393 home residential resort
community located on 385 acres along the shores of Lake
Lanier. Home sites are available as lakefront, lake view,
mountain vista, park front, court side, village, cottage,
and forested. Current Marina Bay on
Lake Lanier home site values range from $95,000 to
$790,000.Here is a current list
of homes for sale at Lake Lanier.
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What
Is The Marina Bay Club?
All home site owners and residents of
Marina Bay are members of the Marina Bay Club and are
entitled to the exclusive use and enjoyment of the community’s
amenities and lake access (boat slips are purchased separately
and are owned by the boat slip members). Here is a Marina
Bay community site map of the real estate lots and
homesites offered.
The Marina Bay amenities include:
- 3.5 miles of shoreline on Lake Lanier.
- Private 280 slip marina located on a deep water cove. All slips
are covered and there is power and water to each slip.
Residents may purchase the boat slips from the developer.
An additional 36 boat slips will be available for guest
and day use.
- Gated Community.
- Lakefront clubhouse featuring expansive views of Lake Lanier.
The 14,000 s.f. clubhouse includes a resident lounge, club room,
library, conference room, garden room, game room, summer kitchen,
and exercise/fitness cottage.
- Resort style swimming pool and open air pavilion with fireplace
overlooking Lake Lanier.
- Tennis Village featuring 3 lighted tennis courts and
pavilion.
- Interior pocket parks and walking paths throughout the
neighborhoods of Marina Bay. Horseshoe Park features a baseball
field with sod bleachers.
- A lakeside clubhouse, infinite edge pool, outdoor
kitchen, and entertaining terraces will be constructed
on Tract II with an estimated delivery date of 2011.
Additional amenities may be developed on Tract II with
features determined by future member input.
- Gated dry boat storage, RV, and household storage facility with
capacity for up to 200 boats located within ½
mile of the main entrance to Marina Bay.
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What
Is The Cost To Join The Marina Bay Club?
There is no additional cost to join
the Marina Bay Club other than the $1,500 initiation fee
(price subject to change).
There is a mandatory homeowners association. The annual
fees will be $1,200/year in 2008 and are utilized to maintain
all common areas of the community.
All boat slip owners shall be assessed an annual marina fee to
provide for the maintenance of the marina. The marina fee is currently
$500/year.
Select neighborhoods of Marina Bay may offer year round
ground maintenance for the homes. The members within these
neighborhoods are assessed an additional annual fee to
provide for the ground maintenance of their homes.
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How
Do I Purchase A Boat Slip In The Marina?
Boat slips within the marina may
be purchased only by members of Marina Bay. Each home
site owner will be entitled to purchase (subject to availability)
the right to use one boat slip at the time of the purchase
of their home site. The current boat slip purchase price
is $70,000 (subject to change). The boat slip may be sold
to another member of Marina Bay (including the new purchaser
of a home re-sale) at a price to be negotiated between
the homeowner and the other member of Marina Bay.
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Are
There Boat Storage Facilities Other Than The Marina?
A gated dry boat storage, RV, and
household storage facility with capacity for up to 200
boats will be located within ½ mile of the main
entrance to Marina Bay. This area is available exclusively
to the members of Marina Bay and will operate on a monthly
rental rate.
The dry boat storage and RV/camper facility will be developed
on a pad and shall be covered. A portion of the boat storage
may be uncovered as demand dictates. The initial dry boat
storage spaces are anticipated to be available in 2010.
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How
Do I Purchase A Marina Bay on Lake Lanier Home Site?
Home sites are available as lakefront,
lake view, mountain vista, park front, village, court
side, cottage, and forested. Current homes site values
range from $95,000 to $790,000.
Individuals may purchase home sites that have not been
purchased or reserved by a builder.
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Can
I Re-Sell My Lake Lanier Home Site?
TThe developer shall retain a right
to first refusal on any attempt to re-sell a home site.
The resale price to the developer shall be at the price
it was originally sold from the developer. If the developer
declines to repurchase the home site upon request from
the home site owner, the home site may be sold to a third
party at a price to be negotiated between the home site
owner and the third party. An individual may transfer
title of their home site to a builder for construction
loan purposes.
Finished homes, of course, may be sold and resold to any third
party without any repurchase rights to the developer.
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What
Is The Process For Building My Home?
Prospective home site purchasers may
select any builder within the Marina
Bay Builder Group.
An individual must commence construction of a home on their site
within 1 to 5 years depending upon its location within this Lake Lanier
community. If the individual fails to begin construction within the prescribed
period, the developer will have the right to repurchase the home site at the
original sale price.
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Can I Build Any Type Of Home In Marina Bay?
An Architectural Review Board shall approve and monitor the construction of each home constructed within Marina Bay to ensure
a cohesive design and consistent quality that will maximize the overall value
of the Marina Bay on Lake Lanier community. An Architectural Guideline Book has
been prepared to provide guidance of the appropriate home and landscape styling.
In addition to the architectural review, the location
of any structures to be placed on a home site must be
reviewed and approved by the review board prior to the
commencement of any improvements. The review board will
provide the home site specifications (size, setbacks,
etc.) for any home site along with the recommendation
of the house location upon the home site.
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Is
There A Sales Commission That Must Be Paid?
The exclusive listing broker for the community shall be Main and Main
Realty Group. The Lake Lanier Real Estate office shall be managed and staffed by Main and Main Realty Group.
The builder shall pay a 6% sales commission upon the sale of each
home. Co-operative brokers shall receive 3% of the sales price (50%
of the total 6% sales commission to be paid by the builder).
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When
Is The Marketing Office Open?
Marina Bay is a gated community.
The gates are open daily between 10:00 am – 7:00
pm Monday through Saturday and 11:00 am – 6:00 pm
on Sundays for future members. After hour member access
and guest access shall be via a key pad code.
Construction activity is directed to the Nix Bridge Road
entrance. Construction hours of operation are 7:00 am
– 7:00 pm. There will be no construction activity
on Sundays.
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Who
Are The Utility Providers Of Marina Bay?
Marina Bay has the latest technologies and services at its front
door including high speed internet access. Services are provided
by the following providers:
Electric: Jackson EMC
Gas: Atlanta Gas Light
Phone: BellSouth
Cable: Charter Communications
Water: City of Gainesville
Waste Water: Private treatment system owned and operated by Piedmont
Water Company. The waste water is treated to re-use quality, the
highest standard designation by the EPD. The water is released in
a sub-surface system throughout the community. Homeowners are able
to avoid the maintenance and periodic replacement of individual
septic systems.
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What
Are The Schools For Marina Bay?
Public Schools: Sardis Elementary; Chestatee Middle School; Chestatee
High School
Private Schools: Lakeview Academy; Westminster Christian School;
Riverside Military Academy.
View
Homes for Sale here and Contact
us here.
