Are there unrestricted lots for sale on Lake Martin?
Yes, there are occasionally unrestricted lots listed for sale on Lake Martin. The majority of lots on Lake Martin carry some level of restrictions. Years ago, I discovered the word unrestricted has different meanings to buyers from different markets. Most people relate restrictions (I prefer protection) to Covenants, Conditions & Restrictions (CCR), Home Owner Associations (HOA), and an Architectural Review Committee (ARC). When a buyer tells me they are looking for an unrestricted lot on Lake Martin, my first question is why. A brief conversation usually opens the doors to other opportunities to find a lot for sale on Lake Martin.
Level of Restrictions
The large majority of undeveloped waterfront property on Lake Martin is owned Alabama Power Company and Russell Lands. This leaves a small amount of unrestricted property. When discussing lots for sale on Lake Martin I break it down to 4 categories.
- Unrestricted lots
- Lightly Restricted Lots
- Moderately Restricted Lots
- Restricted Lots
What is an unrestricted Lake Martin lot?
An unrestricted lot is simply a parcel of land that does not have any deed restrictions. This would allow the property owner to basically do anything they want with the property. Subdivide the lot, park a camper or mobile home on the lot, build multiple homes, multi-family, etc. If you are searching for an unrestricted lot on Lake Martin get ready for a long search. Also, be ready to move fast. Unrestricted lots on Lake Martin are rare.
What is a lightly restricted Lake Martin lot?
This is my own term for lots that carry some of the light restrictions listed below. These neighborhoods and areas do not have an ARC or HOA so you can paint your house whatever color you want! Alabama Power has sold and currently sells lots in this category along the shores of Lake Martin. Locally, a lot of people refer to these “lightly restricted lots” as Alabama Power lots. These light restrictions offer a popular balance of project freedom and protection for the property owner.
- No subdividing the lot.
- No mobile homes.
- Modest minimum square footage (usually 1200 SF)
- 25′ or 30′ control strip easement from the shoreline.
- No HOA or ARC
After a detailed discussion, I discover this is what most buyers are seeking when they say unrestricted lot. Some of these popular areas include Dennis Creek, Sandy Creek, Manoy Creek and several other areas of Lake Martin. I refer to the randomly located lots as “scatter lots”. Alabama Power owns scatter lots in most areas of Lake Martin. I list several of these lots every year at various price points. Sign Up for listings notifications and be notified when these lots are listed for sale.
What is a Moderately Restricted Lot on Lake Martin?
Moderately Restricted is another category I use when discussing lot restrictions. These neighborhoods are typically older and almost fully developed. The challenge is finding a waterfront lot that meets this category. StillWaters, Windermere, Windover, Windermere West, and River Oaks are a few examples of neighborhoods with moderate restrictions. It is much easier to find a home for sale if you are searching for a waterfront property in one of these popular Lake Martin neighborhoods.
What is a Restricted Lot on Lake Martin?
Restricted lots offer the property owners the highest level of protection. If you found this post looking for an unrestricted lot then you can stop reading and start your search for a waterfront lot for sale on Lake Martin. Restricted lots in Lake Martin neighborhoods protect property owners with more strict CCR, design guidelines, a detailed ARC review process, HOA and often restrictions prohibiting rentals. Also, most of these restricted developments are gated communities.
Kennebec at Lake Martin is the best example of a restricted Lake Martin development with lots currently for sale. Kennebec is a 41 lot gated community developed by Alabama Power. The current property owners purchased a lot in this Lake Martin neighborhood for the protection and Architectural standards established through the restrictions and design guidelines. As a result, Kennebec homes offer the highest level of Architectural detail of any neighborhood on Lake Martin. Currently there are only 5 lots remaining for sale in Kennebec.
Lake Martin Lots for Sale
Lake Martin offers a broad range of property types from unrestricted lots, lightly restricted lots, and restricted lots protected by HOA and ARC review. It is important to discuss the differences and level of restrictions with a local real estate professional when searching current lots for sale on Lake Martin. Also, review the deed to make sure you know what you are buying. View waterfront lots for sale on Lake Martin
Miller Dark has an extensive background in real estate and construction. He is able to find the perfect waterfront lot for his clients. Miller is the exclusive listing agent for Kennebec, a LakeTown neighborhood on Lake Martin. find out what your lot is worth.
