LAKE PINES A Community March 2020

inspiration only LAKE PINES A JACKSON LAKE COMMUNITY

lake pines overview Key Details for the property: • 65 ACRES on Jackson lake • 15 lots on the water • 16 lots off the water • (2 of these lots want to be purchased by a neighbor on the lake) • 5.96 acres on the highway for future commercial use • 13 acres of green space

LAKE PINES IS FOR SALE AT $2.4M. LAKE PINES PRELIMINARY PLAT LAKE PINES A JACKSON LAKE COMMUNITY LAKE PINES A JACKSON LAKE COMMUNITY top reasons homeowners buy lots / homes on JACKSON LAKE

• Offers a quick weekend escape located just 50 miles from . • Cost of homes; more for the money. Jackson Lake has been around for over 100 years. This is why, on average, homes on Jackson Lake cost a fraction of similar homes on Lanier, Burton, Rabun, Allatoona, etc. • Even though the lake is relatively busy on Summer weekends, the weekdays in Summer and all of Fall, Winter & Spring are amazingly peaceful. • No large boats are allowed on Jackson Lake. Boats with heads or galleys are not allowed. This means no houseboats and no huge wakes from plowing mini- yachts. • Lots of extra activities: kayaking the , Road cycling on country roads, two local state parks, National Forests • Shopping Mall within15 minutes from the lake • Investment Property: the rise of Internet based home rental services has made profiting off of and/or deferring costs of 2nd home ownership less onerous. Many investors are looking to hard assets in times of market volatility. why invest in lake pines - financial win LAKE PINES A JACKSON LAKE COMMUNITY

PROJECT ESTIMATES LEVERAGED RETURN INPUTS

PROJECT ESTIMATES $2,400,000 EQUITY CONTRIBUTION (30%) $720,000

site work / clearing / debt contribution (70%) $1,680,000 marking lots $33,000

grading / interest payment (1 Year, 7%) $117,600 infrastructure $300,000 site, infrastructure, permits $338,000 COUNTY PERMITS $5,000 Total cost $2,855,600 PROJECT ESTIMATES $2,738,000 TOTAL EQUITY INVESTMENT $1,175,600

Low High Peninsula Average

Sales Price 3,850,000.00 5,282,000.00 3,979,312.00

Total Cost 2,855,600.00 2,855,600.00 2,855,600.00

Profit 994,400.00 2,426,400.00 1,123,712.00

Return on Equity 85% 206% 95% why invest in lake pines - financial win LAKE PINES A JACKSON LAKE COMMUNITY Lot # Lot Type Range Low High Average Peninsula 1 Interior 3 5,000.00 59,000 59,417.00 2 Interior 3 5,000.00 59,000 59,417.00 3 Lake Dockable 175,000.00 250,000.00 168,576.00 4 Lake Dockable 175,000.00 250,000.00 168,576.00 5 Lake Dockable 175,000.00 250,000.00 168,576.00 6 Lake Dockable 175,000.00 250,000.00 168,576.00 7 Lake Dockable 175,000.00 250,000.00 168,576.00 8 Lake Dockable 175,000.00 250,000.00 168,576.00 9 Lake Dockable 175,000.00 250,000.00 168,576.00 10 Lake Dockable 175,000.00 250,000.00 168,576.00 11 Lake Dockable 168,000.00 200,000.00 168,576.00 12 Lake Dockable 168,000.00 200,000.00 168,576.00 13 Lake Dockable 168,000.00 200,000.00 168,576.00 14 Lake Dockable 168,000.00 200,000.00 168,576.00 15 Lake Dockable 168,000.00 200,000.00 168,576.00 16 Lake Dockable 130,000.00 175,000.00 168,576.00 17 Lake Dockable 130,000.00 175,000.00 168,576.00 18 Interior 6 0,000.00 99,000 59,417.00 19 Interior 6 0,000.00 99,000 59,417.00 20 Interior 6 0,000.00 99,000 59,417.00 21 Interior 6 0,000.00 99,000 59,417.00 22 Interior 6 0,000.00 99,000 59,417.00 23 Interior 6 0,000.00 99,000 59,417.00 24 Interior 6 0,000.00 99,000 59,417.00 25 Interior 6 0,000.00 99,000 59,417.00 26 Interior 6 0,000.00 99,000 59,417.00 27 Interior 6 0,000.00 99,000 59,417.00 28 Interior 6 0,000.00 99,000 59,417.00 *Green space Conservation Value TBD 29 Interior 4 0,000.00 75,000 59,417.00 30 Interior 4 0,000.00 75,000 59,417.00 31 Interior 4 0,000.00 75,000 59,417.00 Commercail Commercial Dev 500,000.00 500,000.00 500,000.00

Total $ 3,850,000.00 $ 5 ,282,000.00 $ 3 ,979,312.00 LAKE PINES A JACKSON LAKE COMMUNITY

things that have been established on development to date!

• County approvals

• Preliminary Plan Design • Level 3 Soil Survey (Percolation Test) • Boundary Survey • Topographic Survey • Modified Development Concept • Preliminary Plat Design/CAD File Creation with Soils Data, Topo and linework • Zoning Approval by Jasper County Zoning and Planning • Green Space Exemption Approval by Jasper County Zoning and Planning next steps to sell sites LAKE PINES A JACKSON LAKE COMMUNITY Civil Design: $12,500 - Geometry Plan - Demolition and Clearing Plan - Grading and Drainage Plan - Storm profiles - Hydrology Study and basin plan - Erosion Control Plan (3 phases) / Erosion BMP details - Construction Details GDOT Entrance Plan- $2,500 Construction Stalking- $7,500 Final Plat - $2,500 Set Lot Pins- $8,000

LAKE PINES A JACKSON LAKE COMMUNITY what lake pines has to offer vs. peninsula development

• Smaller Lake Community • 22% Greenspace • Community Area • North Part of Lake Jackson • Closer to Atlanta • All Lake Lots are Dockable • Great sandy lake access to open water on South side of development • Quite cove access to the east side of the development • Interior lots all back up to green space providing privacy barrier and sense of larger interior lots • Commercials lots available on HWY 212 = MONEY MAKER • 2 Minute boat ride to Barry’s Boat Dock • 5 Minute boat ride to Bear Creek Marina (Best Entertainment on the Lake) • Wooded Community • 20 Minute car ride to Downtown Covington • Sense of escape from large suburban type development most recent development at jackson lake LAKE PINES within the last year A JACKSON LAKE COMMUNITY peninsula comparables at jackson lake LAKE PINES A JACKSON LAKE COMMUNITY • The “Peninsula at Lake Jackson” is a 223 acre subdivision located on Lake Jackson. • It is 6.8 Miles (12 Minute Drive) South of Lake Pines. • 10-15 Minute Boat Ride from Lake Pines • The Peninsula’s final Plat was completed in May 2019. From May 2019 to November 2019, the developers of the Peninsula sold 90 lots. • The development had three core parcel types: Interior Lot, Dockable Lake Lot and Non Dockable Lake Lot. • The development does not have any greenspace, community areas or commercial parcels.

Parcel Type Quantity Average Sales Price High Sales Price Low Sales Price Interior Lot 29 $59,417 $99,900 $29,900 Dockable 47 $168,576 $249,700 $119,900 Non-Dockable 14 $112,007 $139,800 $75,000

Total $ amount sold in 7 Months $11,214,300.00

source: county public records LAKE PINES SOIL REPORT LAKE PINES A JACKSON LAKE COMMUNITY COUNTY CONTACTS LAKE PINES A JACKSON LAKE COMMUNITY

Organization Name Email Phone Jasper County Planning and Zoning Shane Sealy [email protected] 706-819-8248 Jasper County Health Department David Mercer [email protected] 706-468-6850 Jordan Engineering Robert Jordan [email protected] 706-468-8999 Southern Company (Georgia Power) Clint Brown [email protected] 678-572-3666 Southern Company (Georgia Power) Wes Lewis [email protected] 404-954-4043 Alcovy Shores Water Authority Juanita Gazaway Operator [email protected] 770-786-2542 (o) Alcovy Shores Water Authority Mary Anne Hyde Office Manager 770-853-9263 (e) Alcovy Shores Water Authority Regina Young Assistant Snappy Shoals EMC Keith Higgins [email protected] 678-729-8068

GA Department of Transportation Robert Jordan has contact info

Cindi and Jason Pope Neighbor [email protected] 706-474-4000 Shane Dershmore Neighbor 770-871-5831 Brenda Smith Neighbor 404-863-3656 Scott Zenghroff Neighnor [email protected]