Cossayuna Lake Topics: So just how far
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Name:
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LifeTime Laker
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Subject:
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So just how far
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Date:
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4/5/2007 11:32:49 AM
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You are comparing apples and oranges. Most beachfront is actually public property with a few exceptions. Therefore your 'tiered' property has value by proximity to the public features. I am not aware of any such property on the lake. I know that some developments are now doing off water with access, but it is still not the same because the waterfront is NOT public, it is a licence or easement. The comps are also easy because they are right there in the development.
BUT, with that being said, 'water view' lots bring a premium anywhere in the country, even without access because folks will pay to look at water, even if it a permanent mud hole...lol. My niece, who is a licensed appraiser, bought a house in Peachtree City a while back. It had an adjustment of several thousand dollars, for "water view" because you could see the lake across the street. She was sharp enough to challenge it and bring the price down because that 'view' was only in the winter when the leaves aren't a factor. She argued, correctly that the summer view was not 'water view'.
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