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Name:   Maddog - Email Member Reply
Subject:   Cost per foot on waterfrontage
Date:   8/13/2016 10:00:20 AM   IP ADDRESS: 75.137.203.4

What is the current average cost per foot of waterfrontage property in the Sandy Creek area? Thank you for your help in this matter.





Name:   Toni - Email Member Reply
Subject:   Cost per foot on waterfrontage
Date:   8/13/2016 10:46:04 AM   IP ADDRESS: 97.82.26.195

We have "heard" folks count on $1,000 per linear foot of shoreline.  But there are so many variables - flat, steep, view, water depth, slough, open water.  And then there are the shoreline amenities - seawall, ramp, dock, boathouse...I'm not sure there is a valid number!

 





Name:   John C - Email Member Reply
Subject:   Cost per foot on waterfrontage
Date:   8/15/2016 4:10:30 PM   IP ADDRESS: 97.86.48.62

I agree with Toni on this one. The Comparable Sales Method (gathering comparable sales and adjusting for their differences from the subject) is the most accurate way to value waterfront property here at Lake Martin. Not by waterfront foot, and not by acreage. 

You might be interested in a study I did a few of years ago to demonstrate this. 

Waterfront Lot Pricing Study

Previous to this study, I would tell people what I said above but never had the numbers to back my opinion. I don't think that the study is time sensitive, so I think it's still good today. 

The link above is to Part 1 of the study, at the bottom there's links to the other 2 parts. I hope this helps!

 





Name:   Maddog - Email Member Reply
Subject:   Cost per foot on waterfrontage
Date:   8/16/2016 6:26:57 AM   IP ADDRESS: 75.137.203.4

Thank you Toni and John C for your help and information in this matter. 







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