Great Waters, a subdivision of Reynolds Lake Oconee, is a premier gated golf community located in the heart of Lake Oconee, featuring world-class member amenities at Reynolds. Known for its award-winning Jack Nicklaus–designed golf course and access to six other golf courses, this gated neighborhood offers luxury lakefront homes, townhomes, and cottages with stunning lake views and golf course vistas. Residents enjoy marina access for boating, fishing, and water sports, along with a beautiful lakefront clubhouse, swimming pool, tennis courts, and fitness facilities. Real estate options range from elegant single-family lakefront homes to spacious estates, making it an ideal choice for both full-time residents and vacation homebuyers. Experience the beauty and serenity of Great Waters!
Great Waters is the flagship neighborhood of Reynolds Lake Oconee, built around one of the most celebrated golf courses in the Southeast and one of the most recognizable Jack Nicklaus designs in the country.
Great Waters at Reynolds real estate sits on a 798-acre peninsula within the Reynolds Lake Oconee community, located in Greensboro, Georgia, roughly 75 to 80 miles east of Atlanta. The neighborhood is fully gated and private, offering a mix of luxury lakefront homes, townhomes, cottages, and deep-water estates set along the shores of Lake Oconee. With over 400 homes built to date, Great Waters is one of the most established enclaves within Reynolds, attracting both full-time residents and vacation buyers who want the full Reynolds lifestyle without compromise.
The golf course is not just an amenity here. It is the reason Great Waters exists and the reason buyers continue to seek it out decades after the community was established. The Great Waters Course, a Jack Nicklaus Signature Design, premiered in 1992 and was fully restored in 2019 to Nicklaus's original vision, with modern conditioning and updated infrastructure. The result is a 7,073-yard, par-72 layout that is widely considered one of the finest courses in the region, with 9 to 10 holes playing directly along the Lake Oconee shoreline.
The course's accolades speak for themselves:
The course has also hosted the Anderson Consulting World Championship of Golf (1995-1997), the 41st PGA Professional National Championship (2008), Golf Channel's Big Break Invitational (2014), and the LPGA Drive On Championship.
Great Waters has evolved from a golf-first community into one of the most socially active neighborhoods within Reynolds, anchored by a recently rebuilt amenity complex and a dining program that regularly earns national recognition.
The recently rebuilt Waterview Pub and pool complex has transformed Great Waters into what many residents describe as the most social community in Reynolds. The lakefront clubhouse anchors the neighborhood's social life, supported by:
The Overlook at Great Waters is a five-time winner of the Wine Spectator Restaurant Award, offering themed dinners ranging from prime seafood to Mediterranean cuisine. The Linger Longer Living Cultural Series brings exclusive wine tastings, lectures, and live performances directly to the community throughout the year.
As part of the Reynolds umbrella, Great Waters residents have access to the full suite of Reynolds Lake Oconee community amenities:
Great Waters offers the broadest range of property types in Reynolds, from entry-level cottages to deep-water lakefront estates, making it accessible to a wider pool of buyers than most other enclaves in the community.
The table below outlines the property types and approximate price ranges currently available in Great Waters:
| Property Type | Approx. Price Range |
|---|---|
| Golf Course Cottages and Townhomes | From ~$500,000 |
| Single-Family Golf-View Homes | $700,000 to $1.5M+ |
| Lakefront Homes | $1.5M to $3.5M+ |
| Deep-Water Lakefront Estates | $3.5M to $4.65M+ |
The median list price across active listings sits at approximately $1 million, with high-end properties reaching $4.5 million and above. With over 400 rooftops already built, Great Waters has one of the most active resale markets within Reynolds. If you are searching for homes for sale in Great Waters at Reynolds, the inventory here is broader and more varied than in smaller Reynolds enclaves.
Real estate in Great Waters at Reynolds benefits from a combination of name-brand golf prestige, consistent Atlanta-area demand, and a price range that spans from accessible luxury to ultra-premium lakefront. The Nicklaus course pedigree gives Great Waters a marketing identity that holds its value independently of broader market cycles. For buyers evaluating Great Waters at Reynolds investments, the 2019 course restoration and the Waterview Pub renovation have added meaningful long-term appeal. Properties for sale in Great Waters at Reynolds tend to attract motivated buyers quickly when priced accurately relative to their specific location within the peninsula.
Great Waters attracts the widest buyer mix of any Reynolds enclave, largely because its price range and lifestyle offer something for multiple buyer types. Golf-driven buyers come specifically for the Nicklaus course, often having researched the community through Golf Magazine or GolfWeek rankings before ever stepping foot on the property. Retirees and pre-retirees from Atlanta, other Southeast metros, and the Northeast represent a consistent buyer segment, drawn by the climate, the lake, and the resort-quality lifestyle. The relatively broad price range also draws first-time luxury buyers who want a foothold in Reynolds without committing to the highest price tiers available elsewhere in the community. Vacation and second-home buyers round out the mix, with Great Waters particularly appealing to those who want an active social scene alongside their lake and golf access.
Even with a well-established community and strong demand, how you position your property determines the speed and terms of your sale.
The golf course is your most powerful selling tool. A buyer researching Great Waters at Reynolds homes for sale already knows the Nicklaus story. Your listing should reinforce it: the ranking, the restoration, the lake holes, the history of professional events hosted on those fairways. That narrative adds perceived value before a buyer ever schedules a showing.
On pricing, distinguish clearly between your property type and its location within the community. Lakefront homes with deep-water dock access occupy a fundamentally different market than golf-view cottages, and pricing one against the other creates confusion that extends time on market.
A few non-negotiables when going to market:
Your marketing should communicate what it feels like to live at Great Waters specifically, not Reynolds generically.
The purchase price is only one part of the financial picture in a community like Great Waters at Reynolds.
Club membership is not included in the cost of the home. Reynolds membership is required for full access to amenities, including the golf courses, marinas, dining, and the wellness center.
Current initiation fees are structured as follows:
| Membership Tier | Initiation Fee |
|---|---|
| Silver | $45,000 |
| Reserve (includes Fennmoor Golf Club access) | $135,000 |
Monthly dues are layered on top and vary by tier. Most properties at Great Waters carry both a master association fee and a neighborhood HOA assessment, along with a quarterly dining minimum at on-site restaurants. Review membership options directly on the Reynolds Lake Oconee website before you finalize your budget. Always request a full accounting of every recurring fee tied to the specific property before closing.
On location and logistics, Great Waters is approximately 75 to 80 miles east of Atlanta. Hospitals and commercial services are available in Greensboro, Eatonton, and Milledgeville. For buyers who commute or travel frequently, test the drive to Atlanta at peak times before committing.
Here are direct answers to the questions buyers and sellers ask most often.
Great Waters offers golf course cottages, townhomes, single-family golf-view homes, lakefront homes, and deep-water lakefront estates. With over 400 rooftops built, it has the broadest inventory of any Reynolds enclave.
Prices range from approximately $500,000 for cottages to $4.65 million and above for premier deep-water lakefront estates. The current median list price is approximately $1 million.
The Great Waters Course is a Jack Nicklaus Signature Design, rated No. 2 in Georgia and recognized by Golf Magazine and GolfWeek. It was fully restored in 2019 and features 9 to 10 holes directly along Lake Oconee. It has hosted PGA, LPGA, and Golf Channel events.
Yes. The combination of Nicklaus course prestige, a broad price range, consistent resale activity, and Atlanta-area demand makes Great Waters one of the stronger long-term investment options within Reynolds. Recent infrastructure improvements, including the course restoration and Waterview Pub renovation, add further support to property values.
Club membership is not required to own property, but it is required to access Reynolds amenities including golf, marinas, dining, and wellness facilities. Some properties carry membership requirements in their governing documents, so verify before purchasing.
Great Waters at Reynolds delivers a lifestyle that is hard to match anywhere in the Southeast. The Nicklaus course, the lakefront setting, the rebuilt social amenities, and the depth of Reynolds community resources combine to create an environment that appeals to a genuinely wide range of buyers. Whether you are a serious golfer, a retiree seeking resort-quality living, or a second-home buyer looking for a property that holds its value, Great Waters is worth serious consideration.
If you are ready to explore properties for sale in Great Waters at Reynolds or considering selling your home, Boatright Realty Group is the team to call. Led by Robert Boatright, a Certified Global Luxury Specialist with 19 years of experience in the Lake Oconee market, the group is ranked in the top 2% of all Coldwell Banker teams and Robert has been recognized in the top 1% of Coldwell Banker agents worldwide. He was named Realtor of the Year by the Lake Country Board of Realtors in 2023. The Boatright Realty Group brings the local expertise and market knowledge that Great Waters buyers and sellers need to make informed, confident decisions. Contact the team today.
21,638 people live in Great Waters, where the median age is 46.6 and the average individual income is $41,820. Data provided by the U.S. Census Bureau.
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Great Waters has 9,630 households, with an average household size of 2.23. Data provided by the U.S. Census Bureau. Here’s what the people living in Great Waters do for work — and how long it takes them to get there. Data provided by the U.S. Census Bureau. 21,638 people call Great Waters home. The population density is 67 and the largest age group is Data provided by the U.S. Census Bureau.
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