December 15, 2008

What are Lake Rights?

Posted to Geneva Lake Area , Marcy Hammett

You're looking at the real estate ads and you see “LAKE RIGHTS”...
...private lake rights, association lake rights, association lake access, private lake access, etc. Exactly what do these terms mean? First, they mean basically the same thing and are used interchangeably by realtors in their lake property descriptions and marketing. Second, if you’re looking for property in The Lakes area, it’s a very important term to understand. Since it’s not in the Webster’s Dictionary, I offer this definition: “Lake rights” are the rights to use an exclusive portion of lake frontage that is shared & owned in common by a group of homes called an “association”. Only these homes may use this frontage. The frontage owned by the association may be 50 feet or 150 feet; it may be shared by 5 homes or 150 homes and it may offer any combination of amenities such as boat slips, buoys, ramps, swim piers, etc. All of these variables affect the value of the homes within the association. If you are considering a lake home purchase and a lakefront isn't in your budget, lake rights are an excellent option.

To search for Lake Properties visit: www.marcyhammett.com and click on Property Search, then Waterfrontage/Access.

Posted By: Marcy Hammett



December 15, 2008

Friends, Family & the White River

Posted to Geneva Lake Area , Marcy Hammett

You know what they say about working with friends & family? Thank goodness there are exceptions to every rule. It has been my recent pleasure to help a dear friend & her husband buy a new home, after residing for 26 years in an idyllic location on the White River. The Mighty White, as it is affectionately called, runs in part through the Grand Geneva Resort (a.k.a. the old Playboy Club) and continues winding along picturesque mile after picturesque mile. In fact a 2 mile canoe trip can take over 2 hours depending on the speed of the river, number of pit stops and whether you tip over or not (been there, done that). If you enjoy the water, wildlife and beautiful views check out this wonderful river retreat – only 10 minutes from the City of Lake Geneva & Geneva Lake’s recreation & entertainment opportunities.


Click here for a Virtual Tour of this 17.78 acre property.



For listing details, click here.

Posted By: Marcy Hammett