Quinlan

iTrader: (1)

I feel all lake front property is going to keep going up regardless of the Times. With all of the devastation along the coasts due to fires, hurricanes and other natural disasters AND rising insurance costs and property taxes- Here in OK on GLOC- prices have been going up pretty drastically also. Not like LOTO but we are not as big nor near as developed. Most places in the Midwest are a bargain comparatively speaking.

My place is exactly 1 hour to my business in Tulsa, so the commute is fairly easy the 1 or 2 days a week. My Pops commuted into DC from Fredericksburg for 30 years. We are here most every weekend.

and you can't beat waking up to this.



Ok maybe not the Snow so much but thanks to Global Warming that has been pretty rare.

Knot 4 Me

Agree that prices aren't gonna tank on developed inland lakes. Current prices are the new norm. Might cool off a bit but they are never gonna reset to pre-2020 prices. Unfortunately, took wife and I out of the game as we look to retire. What our $500 - $550K limit would have bought us pre-COVID at LOTO we can't touch now for $800K +. Oh well. Had a good 25 year run down there renting/staying at friend's homes.

ICDEDPPL

iTrader: (1)

I appreciate the feedback , really . thank you .
I may be heading down to look at a couple places I found this weekend.

tlark

RE Appraiser here FWIW, LOTO is not going back $ wise. The economic demographics of the lake have forever changed like it or not. This lake has been discovered by other surrounding states. At the Cig Rendezous in 2020 I had numerous peeps from Great Lakes states, NJ and even Cali where first timers to the lake b/c the authoritarian Govenors shut down boat ramps and/or other things like our longer boating seasons compared to other northern states. LOTO didn't lock down and when that smuck put Backwater Jacks on instagram with maskless people surrounding a pool back in the days of Wuflu a good # of peeps saw freedom and they came.. Now with significant inflation in housing prices LOTO is a bargin in comparison.
.

Griff

Here's one for you ICD
25 Springridge Ln, Sunrise Beach, MO 65079 | MLS #3557629 | Zillow

Craney

iTrader: (2)

If I only won the lottery.

Helmwurst

There are quite a few older houses available for significantly less. Older folks moving off the water and into fewer steps etc. But, they need updated. I was in one last week, a friend (builder) bought. Went in, 3 days later, he had all the cabinets, appliances and fixtures out and sold, moved a couple walls, Electrician came in and wired up the new areas, in one day, sheet rock up and painted. Deck came off last week, new deck going on next week. 4 weeks in now, new floors going in after deck, yard work etc. He will spend about 50-60k on the rehab and it will be on the market for 100k profit. Yes it will be more than the 500-550k budget, but is you are willing to put in some sweat equity, it can be had. It is a good place to live, especially when the vacationer's and weekender's have gone home. My weekends start on Monday. And Fall is pretty hard to beat on LOTO.

Knot 4 Me

I agree, fall is hard to beat at the lake. I spent a lot of time down there in Sept/Oct/Nov. We even do Thanksgiving down there and will be there again this year. Completely different lake thru the week and off season.

Having just gone thru what was to be a 12 week, just under 6-figure remodel of the first floor of my Cape Cod that turned into a 7 month, 6-figure plus, contractor walked off the job without completing, sub-contractors coming after me cause they haven't been paid cluster F I am in no way wanting a project. Your builder friend obviously has a good crew and relationships with his subs to get that much done that quickly in the Slowzarks.

Helmwurst

He does most of everything himself w/girlfriend. He does use a guy with his 2 sons for framing, roofs and decks. Couple of different electricians, whatever one is available. He keeps telling me he is going to retire. We will see.

ICDEDPPL

iTrader: (1)

Well if everything else goes thru I guess I`ll hve a place in the Ozarks.
Signed a contract on this place yesterday . It has new everything.
50' slip !

https://www.zillow.com/homedetails/2...7861480_zpid/?