Lake Pepin Topics: Off Water Lots?
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Name:
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MartiniMan
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Subject:
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Off Water Lots?
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Date:
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6/12/2023 8:50:40 AM
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There's a small development in Sandy Creek where my house is that will have 2 or 3 waterfront homes and 3 or more off-water houses. Not sure how the off-water houses will get lake access but I suspect there will be a multi-boat dock put in. For many people that is the only way to afford a new "lake" house. Home prices in Sandy Creek are crazy high even with today's interest rates. Small, older homes on the lake are listing for $700K and up. Given the dearth of undeveloped lots that would be the only way to get a new home on the lake, buy and tear down for $700K+, build something and you've easily got between $1.5M to $2M invested. Crazy.....but if you have the money I guess.
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