Lake front properties have unique qualities. Some are considered more valuable than others, depending upon a number of variables:
1. Lake Access. True lake front properties offer access to water, boat dock and boat slip(s). This offers incredible convenience for recreation to its owners and future buyers.
2. Water View. View can vary depending upon how close the home is to shore. Shoreline management lines are not straight, so distances from homes to shore can vary.
3. Gentle walk to shore. Many lake homes are built on bluffs which require a steep walk to shore. More valuable homes are built on a gentle slopes, offering much easier access to shore.
4. Location to conveniences. Lake properties that are secluded but not too far from conveniences, marinas, and thoroughfares also are in the prime zone of real estate.
5. Natural amenities. Benefits such as scenic view, and water clarity can be capitalized in the land value.
It is important to remember that each lake front property is unique, and offers its own opportunity. More recent restrictions and strict shoreline management laws have restricted further development and land use. This has created less available water front lots in prime areas. This explains why a growing number of homes in decline are purchased with the intent to re-build on site. As demand grows, and the supply of lake front property decreases, their value of these properties will continue to increase.