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| Name: |
AtlantaJeff
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| Subject: |
Lot prices, Dadeville
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Date:
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4/25/2004 8:42:15 AM
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I just read through the thread on property values. I thought that it was very interesting. In my opinion its wrong to think that the real estate boom at Lake Martin has to stop soon "otherwise only the super rich will be able to afford it". The poster who said "just look at the Gulf Coast" is right. Or just look at Lake Lanier north of Atlanta.
Anyway, my wife and I are looking for a lot to build on. All of the lots we're looking at right now are at the Dadeville end of the lake. I still have a LOT to learn about the area. Here are few questions for starters.
- Why are property values at the Dadeville end a little more reasonable?
- Does the Dadeville branch get so shallow in the winter that its not navigable?
- Are there many sailboats on Lake Martin?
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| Name: |
lakebum
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| Subject: |
Lot prices, Dadeville
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Date:
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4/25/2004 12:31:22 PM
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Prices are mosre reasonable cuz they arent as close to Montgoemry and Birmingham
Water si good year around in this area (Blue Creek and Stillwaters)..actually about the same over all the lake
There are sailboats all over the lake
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| Name: |
roswellric
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| Subject: |
Lot prices, Dadeville
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Date:
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4/26/2004 10:20:07 AM
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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.
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| Name: |
PartTimer
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| Subject: |
Lot prices, Dadeville
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Date:
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4/26/2004 11:03:25 AM
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The percentage developed is an interesting statistic. I would have guessed a much lower than 30% figure, but have never seen a calculated figure. Anyone know? It seems there are miles and miles of undeveloped shoreline all around the lake.
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| Name: |
4thelake
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| Subject: |
Lot prices, Dadeville
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Date:
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4/26/2004 11:14:16 AM
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Russells problem is they start a new developement and before it is even half sold they start another one. Also no covered boat dock. That sucks.
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| Name: |
AtlantaJeff
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| Subject: |
Lot prices, Dadeville
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Date:
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4/26/2004 11:33:30 AM
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Thanks. That helps a lot. I'm a little wary of asking these questions to real estate agents.
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| Name: |
EPK
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| Subject: |
Lot prices, Dadeville
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Date:
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4/26/2004 12:24:49 PM
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If looking in Manoy area, pay attention to lake access. If just looking for lake view, disregard this response.
Was going to get 2-acres in Manoy Creek with water access. Quite reasonably priced as well. Only problem is a creek on each side, causing water tables on the property. I could handle that. The other issue is access. Where I looked, only 6' when lake is at full-pool. Would've been nice. Instead, bought in The Harbors.
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| Name: |
AtlantaJeff
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| Subject: |
Lot prices, Dadeville
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Date:
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4/26/2004 3:17:10 PM
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If the maps on mapquest are up to date it looks like there aren't and roads to some of the points around the lake. Is this accurate?
I overheard some developer types talking once (back in 92) and I think they were saying that it was something like $1M per mile to put in a 2 lane blacktop and that they had to lay the road into an area before they could start developing. I wonder if that's true?
Also, has Lake Martin not caught on too much with the Atlanta crowd? The southside of Atlanta is growing like crazy. Stockbridge is the fastest gowing city in the nation (or so I've heard), Henry county is the fastest growing county.
As more people move in on the south side of Atlanta the 122 miles to Lake Martin begins to look appealing vs the 70 or so miles through Atlanta (often gridlocked) to an overcrowded Lake Lanier. And lot prices on the lower end of Lake Lanier are sky high!
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| Name: |
roswellric
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| Subject: |
Lot prices, Dadeville
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Date:
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4/26/2004 5:16:30 PM
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Mapquest is not quite correct. Actually lake developement took place the opposite way -starting from the lake back. Most are paved.
The third positive in your analysis is a lot of boomers want to be near or on water and a cultural center. This is sometimes tough. But Voila! you have Auburn University!
Atlanta has discovered LM and is putting boats here as we type. Lanier is now worthless as a weekend getaway unless you have a houseboat and find a beach early. Fine if you can be a permanent resident but now the traffic makes it difficult to get to work.
Biggest problem here is lack of infrastructure. No Publix :-( or drycleaners, or drugstore. Dadeville side is a real plus if you are in , say, Smith Mountain. You have a Wiggly Pig and a CVS and Moores Hardware. Oddly enough Blue Creek has more restaurants. Then Kowaliga, then Alex City then Bob's in Dadeville :-)
RR
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| Name: |
LifeTime Laker
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| Subject: |
Lot prices, Dadeville
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Date:
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4/26/2004 5:27:33 PM
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Lake Lanier is still your best value. 70 miles as opposed to 122, thats a no-brainer. And yes, a lot of Lake Martin is still only accessable by DIRT roads with large ruts. Actually most of the roads are more like off road mud courses. If you buy here you should invest in a new Hummer. I hear there are several dealers in Atlanta.
But if you are still intersted just make sure that you consult with your real estate agent about the nearest "fish camp". There are MANY, and if you are down wind from one of them in the summer.... well, you can figure that out I guess, but if you want a preview walk by the dumspster of your nearest seafood resteraunt on a good hot day.
Welcome and happy "lake house" hunting!! Well most are trailers but we call them houses 'round these parts.
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....SHHHH!!!!
LOL
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| Name: |
BAJ
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| Subject: |
Lot prices, Dadeville
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Date:
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4/26/2004 7:44:12 PM
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Yeah, I've always said "The lake would be PERFECT if there was a place to get my swimsuits drycleaned."
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| Name: |
EPK
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| Subject: |
Lot prices, Dadeville
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Date:
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4/26/2004 10:36:23 PM
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The "best value" depends on your point of view.
I use to be on Lanier for years. 45-mins to Habersham (after calling to get the boat put-in). Then switched to Allatoona. 15-20 mins trailering to Blockhouse ramp. Then, we discovered LM and found a great place.
Yes, for proximity, Lanier & Allatoona are a great value for Atlantians. But, for peacefulness (relatively speaking), quality, cleanliness, and similar amenties, LM is tough to beat (okay, its better). The biggest reason we have our boat permanently at Harbor Pointe (couple years now) is cost and quality. After figuring it up, gas would have to drop to $1.01/gal to break-even (trailering each weekend). The cheaper route was to keep the boat in a wet-slip. Has saved money, some time, less wear-n-tear on the truck, have met really nice people (some F/T'rs), and provided great R&R paybacks. I could list a bunch more pros for LM than cons in comparison to Lanier & Allatoona but its my same ol' schtick. Sure, 2.5-hrs & 164-miles from Marietta is a bit much but LM has become our second-home on the weekends & we think its worth it.
On top of that, not as much of a shake-n-bake compared to Cocktail Cove or Illinois Creek, not as many nut-cases, and just a really nice time.
So, best value, in my opinion, has been LM.
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| Name: |
lakebum
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| Subject: |
where have you been???
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Date:
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4/27/2004 7:44:36 AM
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and where are you going??
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| Name: |
roswellric
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| Subject: |
Lot prices, Dadeville
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Date:
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4/27/2004 8:35:36 AM
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OOPS! Mouth ran away with my brain LOL-2 !
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| Name: |
roswellric
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| Subject: |
Fleetwood Mac
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Date:
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5/1/2004 9:34:12 PM
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Wrote a song to you...."Don't ,stop, thinking about tomorrow"
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| Name: |
BAJ
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| Subject: |
Fleetwood Mac
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Date:
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5/2/2004 2:31:27 PM
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Hmmm... nope, I won't be worried about dry-cleaning tomorrow either.
I guess that's part of my problem: I think about "tomorrow", and how much suckier the lake will be than it was "yesterday," before people cared more about the proximity of dry-cleaners and Super Wal-Marts than they did about water quality, the environment, and common sense and common courtesy.
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