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Are You a Lakefront Buyer?

Lakes are sociable places and attract people who like visitors, friends, and family. A house on a lake is much more public than a house in the woods or surrounded by fields. Every lake, like each town, has a personality.

Sporty Copake Lake and Twin Lakes allow water skiing and motorboats. Lake Wononscopomuc, aka Lakeville Lake, Connecticut’s deepest natural lake, is quiet, with motorboats restricted to 10 HP or less and no jet skis. Sailing, canoeing, paddle boarding, and kayaking are popular in the summer with skating and cross country skiing in the winter.

Each lake has its own special zoning restrictions. Lakefront properties command a high purchase premium, even in less expensive markets like Pine Plains. In Salisbury, lakefront can add up to a million dollars to market value; however, these properties appear to maintain their value even during real estate downturns. Ponds, rivers, and access to a lake do not command the same premium.

Just remember that they aren’t making any more lakefront.

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