Chilhowee Lake Topics: Just Curious

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	Name:	boataholic -
	Subject:	Just Curious
	Date:	11/16/2007 10:44:33 PM

Oh I understand. I will always remember the 80,000 lot I thought was too high 7 years ago. About a year ago it was re-selling for 320,000. What I have learned from watching the lake market is that outside of new developments, the value is always in the lot. Those crummy old 2 bedroom cabins on great lots always sell quickly, despite the fact that prices are now in the 500-600 range. The $50,000 cabin on the lot is now incidental to the price. If the water is deep, the view is long, and the shoreline is long, the price of the lot will continue to soar. But I would love for prices to cool for a few years so I can trade up.