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Beginning in late 1997 or early 1998, the foregoing problems
associated with the Clark Hill property caused petitioners to
investigate properties on Lake Lanier, which is much closer to
what was at the time petitioners’ Marietta, Georgia, residence.
Petitioners felt that a house on Lake Lanier would be of more use
to them than the Clark Hill property. Petitioners also believed
that property on Lake Lanier would appreciate more rapidly than
the Clark Hill property because it was closer to the metropolitan
Atlanta area. Petitioners acquired the Lake Lanier property in
January 2000.
Use of the Property
The Lake Lanier property consisted of a greater than 1.2-
acre tract of land, the largest double slip dock allowable on the
lake (complete with two lifts), and a house that had five
screened-in porches overlooking the lake, a full party deck, a
covered veranda, a great room with a stone fireplace, five
bedrooms, and 4-1/2 bathrooms. At the time of purchase, the
house was partially furnished, and, after purchase, petitioners
completed the furnishing themselves. They installed a satellite
TV system and a VHS recorder, and, before their second summer at
the property, they purchased a motorboat with room for six to
eight passengers.
Petitioners and their children engaged in essentially the
same activities at the Lake Lanier property as they had at the
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Last modified: November 10, 2007