Friday, September 19, 2008

Extremely Affordable Minnesota Lakeshore!

Last week I wrote about the deals that can be found on Minnesota Lakeshore in the north and east metro Counties of Anoka, Washington, Ramsey and Chisago. Lakehomes are selling for tens of thousands less than just a few years ago. Click Here to read Think Now is a GREAT Time to Make a DEAL on a MN Lakeshore Home? I Do!

A few years back, when prices were seemingly out of reach, I wrote another article, Affordable Minnesota Lakeshore, that remains to this day one of the most popular pages on my website. It was written for those dreaming of a lake home but unable to afford the rising costs MN shoreline. Now with real estate values correcting from the inflated pricing of the past few years, these variations on traditional lakeshore are now extremely affordable—usually not much higher than a home without water’s edge. With this in mind, it is once again time to review some of the lakeshore options in the Land of 10,000 Lakes to get the average Joe (or Josephine) into an extremely affordable lakehome!
  • Channel Shore Shoreline along a channel is a great option for a full recreational lake. Many large lakes will have channels or narrow extensions that lead to other lakes or ponds. Usually there is not a place for a beach but you can have a slip or short dock for your boat. The channel will provide access to the main lake. The view will probably include homes on the opposite shore of the channel but if your goal is affordable use of a full recreational lake, this is a great alternative.

  • Smaller Lake with Channel to Full Recreational Lake Often the lakes in Minnesota are connected to one or several smaller lakes. This can be a great opportunity. Shoreline that is shallow or weedy is not considered prime but if it has access to a larger lake, it could provide the same enjoyment at a much lower price.

  • Small Acreage Lake Smaller lakes can be of interest to the more laidback water lover. Often there will be restrictions disallowing motors or only small motors. These smaller lakes can still be great for fishing, canoeing, kayaking and swimming. Some will allow docks and beaches but check with the DNR for specific restrictions. A small lake will still offer wonderful natural views at a significantly lower price than a full recreational lake.

  • Environmental Lakes and Wetlands (Sometimes referred to as a NEDS Lake) These are very shallow lakes that are wonderful for privacy but not great for recreation. If you are looking for a home with awesome views of wildlife, this may be something to consider.

  • Deeded Access Many homes and associations near a full recreational lake have been developed with deeded access providing use of the lake. The ability to have a dock, use the beach, or moor a boat, will be outlined in a legal agreement specifying what uses are allowed. Not all deeded access is created equal! Request a copy of all of the specific uses and rules before writing an offer so you can fully understand the access available as a home owner.

  • Lake View A home with a beautiful lake view but no shoreline or lake access, can provide the wonderful picturesque views everyone dreams of without the high lakeshore taxes.

  • Location with Public Access Nearby A final option is to look for a home that is near a park with public lake access. I sold one such home where the public access to a good-sized full recreational lake was about a quarter mile down the street. This family uses the lake to canoe, cross country ski and fish without driving or trailers. There was none of the additional cost or taxes associated with lakeshore property but all of the benefits!
Department of Natural Resources Lake Finder Comprehensive search engine to find information regarding the size, depth and condition of Minnesota lakes by county and lake name. There is even information on approximate numbers and types of fish found in the listed lakes.
Need to know if you can have a dock? Put in a beach? If the water is safe? This site offers a directory of who to call for the most often asked water, lake and shoreline questions.
If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
Copyright 2008