An excerpt from the Lake Anna Real Estate Buyers Guide.
Everyone who has ever searched the web for Lake Anna can attest that they have seen ranges from $100,000 to millions of dollars for waterfront property. With the correct information, you may be able to find Lake Anna waterfront property that fits your budget and your criteria.
The variable that drives all prices is the value of the land, so whether you want a house or a vacant lot you must understand what the actual value of the lot with or without the house should be. After knowing the value of the land you can determine whether the house that’s already built is a better deal than the vacant lot plus cost to build. The waterfront land market runs anywhere from $100,000 to $700,000 for one building site.
What you can expect on a $100,000 waterfront lot:
One or more of the following:
- Very sloped, sometimes hard to walk
- Limited waterfrontage
- Inability to build personal boat dock / boat house
- Shallow waterfront
- Located on the Northern end of the lake, perhaps in the river
- Limited view
What you can expect on a $700,000 waterfront lot:
One or more of the following:
- Deep Water
- Wide waterfrontage
- Amazing view
- No blockage of your view by neighboring houses
We’re lucky in that even the most inexpensive waterfront lots at Lake Anna are amazing, though it may have its issues that causes the value to decrease, it’s still beautiful and may be perfect for the right person. The value is determined by many factors, including the items listed above. Go the FREE Lake Anna Real Estate Buyers Guide here to learn all of the reasons!
You may find that you don’t need a premier lot and are more interested in a good deal in a quiet cove, but this is the way the market is segmented now (see chart below).
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