July 06, 2009

Yes, YOU can own a lakefront home!

Posted to Julie Sarton

For many years, since Chicagoans discovered the closeness and beauty of Geneva Lake, it’s become known as the millionaire’s playground. Steaming down the lake on any of the cruise boats, the vastness, elegance, and prices of the lakefront homes hugging the shores is staggering. But cheer up, you don’t have to be a millionaire to own a lakefront. Walworth County alone has over 25 navigable lakes, and nearby Kenosha adds another 5 popular lakes…… all with more reasonable price tags than Lake Geneva. I recently began working with a couple looking on Geneva Lake. Disappointed at what they could get for their budget on Geneva Lake, they were delighted to see what they could afford for the same dollars on Lauderdale Lakes, just 15 minutes north.

The range of possibilities is huge, from a $104,900 lakefront on 86-acre Pell Lake just 15 minutes south of Lake Geneva, to a $7,950,000 estate on the south shore of Lake Geneva, with many in between. While the lowest priced lakefront home on 5260-acre Geneva Lake is currently $965,000, it drops to $280,000 on 2072-acre Delavan Lake, $349,000 on 850-acre Lauderdale Lakes, $399,000 on 834-acre Beulah Lake, and $249,900 on 953-acre Twin Lakes. And, of course, there are terrific rock-bottom prices out there now with the housing slow-down, and plentiful inventories to choose from; Walworth County currently has a total of 222 lakefront homes listed on all of its lakes.

There’s never been a better time to splurge on a get-away lake home. Treat yourself to a weekend in the lakes area, and scout out some of the bargains. I would be glad to show you around!

Posted by:Julie Sarton

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