Lot prices, Dadeville

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	Name:	roswellric -
	Subject:	Lot prices, Dadeville
	Date:	4/26/2004 10:20:07 AM

Dadeville is older and the development is more uneven. In some older communities you might have a $400K next to an improved trailer. I think that most subdivisions don't have restrictions to amount to much.

Tallapoosa county has very few or no ordinances for higher density developments (junk cars, trash burning, dogs running loose etc.). County probably can't afford doing much about it. It's kind of like the Cumming/ Dawsonville side of Lanier 20 years ago. It will all shake out of course but it does affect the price of lots. Uniform developments with restrictions just bring more money.

Sandy Creek always has water, is beautiful. Think Manoy does too.

Martin is a great sailing lake but that's really not the deal. This lake is, say, 30% developed, very calm and mostly populated by pontoon boats.

LM is also the repository for Birmingham high-dollar folks that can own a high six figure second home. Most of the lake is owned by AL power and Russell lands. Russell does very low density - high quality developments.

Hope I haven't bored you but for many reasons I think LM is the best investment value in lake property in the southeast. I especially like the southern culture and people that have virtually been drowned out in Atlanta.