Phoenix Cove at Lake Oconee | Neighborhood Guide
Phoenix Cove is a small townhome community off Old Phoenix Road, two buildings at 503 and 505, with assigned boat slips and one building sitting on the water. It is one of the least expensive ways to get a slip on Lake Oconee.
Where Phoenix Cove Is Located on Lake Oconee
Off Old Phoenix Road in Putnam County, about two miles from Highway 44, right beside the Old Phoenix Road bridge over the lake. Publix, the restaurants and the shops at Harmony Crossing are a few minutes by car. It’s also a quick trip down to Milledgeville from here.
The view from here looks across to Phoenix Shores and down the cove toward Misty River Landing.
Quick Facts
| County / city | Putnam County — Eatonton, GA 31024 |
| Streets | Old Phoenix Road |
| What it is | Townhomes in two buildings, 503 and 505 Old Phoenix Road |
| Built | 2003 to 2004 |
| Units | Around 1,500 square feet, three bedrooms and two and a half baths |
| Boat slips | Assigned, with 24-hour access |
| Water | One building sits on the lake. Seasonal lake views from the second building |
| HOA | Around $900 a year in the sales record, covering grounds, private roads and common areas |
| Gated | No |
| Schools | Putnam County School District |
The Boat Slip
Every unit here comes with an assigned boat slip, available around the clock, a few steps from the door. That brings value to these units for the weekend visitor who just needs a simple place to land for a weekend of boating on Lake Oconee.
A slip on this lake is not easy to come by at this price. Plenty of neighborhoods near the water give you a ramp and a parking space. Far fewer give you somewhere to leave the boat in the water with your name on it.
The Townhomes at Phoenix Cove
Multi-level townhomes of roughly 1,500 square feet, built in 2003 and 2004. Three bedrooms and two and a half baths, with the primary suite on the main floor and two bedrooms plus a flex space upstairs — usually used as a bunk room, an office or a playroom. Covered back porches face the water.
Several have been renovated in recent years, and they tend to sell move-in ready.
What Townhomes in Phoenix Cove Sell For
The sales record here is thin, because units come up rarely. $300,000 to $400,000 seems to be the range they settle into. That is similar pricing to Carriage Cove, which sits far back up this same cove. Phoenix Cove has the better lake position; the units are a little smaller and there is no pool like the one those Farriers Lane units have.
For a Lake Oconee property with a deeded slip, that is about as accessible as it gets.
Who Phoenix Cove Suits
Somebody who wants a boat on Lake Oconee without buying a house on the water. The slip, the lake views and the low upkeep do most of the work, and the price is a fraction of what most waterfront property goes for on this lake.
It suits a second-home buyer, somebody downsizing, and anyone who would rather spend a weekend on the water than on a lawn. There are no homes for sale in Phoenix Cove at Lake Oconee right now. Here are similar homes for sale nearby. Similar home in Blue Heron Cove $635,000 4 bd · 4 ba · 3,020 sq ft 102 Mallard Drive, Eatonton, GA 31024 Listing courtesy of Kim and Lin Logan Real Estate, 706-454-1621 · #70761 Similar home in Blue Heron Cove $630,000 4 bd · 4 ba · 2,060 sq ft 100 Crane Lane, Eatonton, GA 31024 Listing courtesy of Luxury Lake Oconee, 706-453-9243 · #71656 Similar home in Blue Heron Cove $625,000 3 bd · 4 ba · 2,595 sq ft · Lakefront 104 Crane Lane, Eatonton, GA 31024 Listing courtesy of Luxury Lake Oconee, 706-453-9243 · #71340 Non-commercial use only. Listing data © 2026 Lake Country Board of REALTORS® MLS. Deemed reliable but not guaranteed.
Homes for Sale Near Phoenix Cove at Lake Oconee
Phoenix Cove at Lake Oconee: Frequently Asked Questions
Where is Phoenix Cove at Lake Oconee?
Off Old Phoenix Road in Eatonton, Putnam County, about two miles from Highway 44, at 503 and 505 Old Phoenix Road.
Does Phoenix Cove come with a boat slip?
Yes. Units carry an assigned boat slip with 24-hour access, a few steps from the townhomes.
How much do townhomes at Phoenix Cove cost?
Recent sales have landed in the $300,000s to $400,000s.
How big are the units at Phoenix Cove?
About 1,500 square feet. Three bedrooms, two and a half baths, with the primary suite on the main floor and a flex space upstairs.
When was Phoenix Cove built?
In 2003 and 2004.
What are the HOA dues at Phoenix Cove?
Around $900 a year in the sales record, covering grounds maintenance, the private roads and common areas. Ask for the current figure before you make an offer.
Is Phoenix Cove on the water?
One of the two buildings sits on the lake, and the second has seasonal lake views. The slips are shared community docks rather than private frontage.
How many units are in Phoenix Cove?
It is small — two buildings at 503 and 505 Old Phoenix Road.
How do you price a townhome here when so few have sold?
Carefully, and not from the neighborhood alone. Only a handful of units have changed hands, so the comparable set has to come from other slip-included townhomes around the lake, adjusted for condition and which building the unit is in. Renovated units and the lakeside building do not price the same as the rest. Ask Margie Sorrell what a Phoenix Cove townhome is worth today.
Thinking About Phoenix Cove?
Units here do not come up often, and when they do they go quickly because the slip does the selling. If you want to know when one is coming, or you own here and want to know what it is worth, get in touch. You can also browse the Lake Oconee condos and townhomes or every neighborhood in the Lake Oconee neighborhood guides.
Listing information on this page is provided by the Lake Country Board of REALTORS® MLS. All information in the listing data is from sources deemed to be accurate but is not warranted. Buyers and sellers are advised to personally verify all information given on this listing as some may be estimated. Neither brokers nor sellers are responsible for inaccuracies in this information. The listing broker’s offer of compensation is made only to participants of the LCBR MLS.