Shore Features - Posted On 11/19/2015 11:24 AM, Last Updated 11/19/2015 11:40 AM
It's a question I'm asked frequently. What's the price per foot for shoreline on Lake ABC? Well, the answer is that there is no one answer. For example shore price point is impacted by many features including:
#1. Exposure: Does the lot face south, west, east, or north? South is preferred by many.
#2. Is the shore sand or muck? Most prefer sand and muck is often severely discounted.
#3. Lake Size: While the small no motors or electric motor lakes are making a comeback many still prefer at minimum a full recreational lake.
#4. Is the lot steep to the water or level? Level is preferred but some do like some grade enabling a walkout basement and expansive view.
#5. Is the lot suitable for a conventional septic system or will a holding tank be required?
#6. Is boat and auto traffic a factor? Road noise is generally frowned upon in The Quiet Northwoods.
#7. Are there utilities to the lot?
#8. Is the lot treed and if so what kind of trees? Some folks do not prefer pine trees as they consider them dirty when the needles fall.
These are just some of the considerations when pricing shoreline and of course at the end of the day it is the market that decides.
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