What is the best Lakefront Value on Lake Geneva today?

Lake Geneva

There are about 40 lake front homes currently for sale on Lake Geneva ranging in price from $1,499,900 to $7,950,000.  Trying to determine which are the best values obviously depends on the location and amount of lake frontage and the condition and quality of the improvements.  Generally speaking, the least expensive option when it comes to real estate is usually an advantage.  The lowest priced home on the block, the least expensive vacant lot in the subdivision or the least expensive condominium unit in the complex are all typical examples in real estate where the lowest price is equated with the perception of the best value.  However when it comes to lake front real estate, although potential Buyers will be attracted to the lowest price, they will often spend more to get more.  With a considerable amount in just the value of the land alone, spending more to get more in terms of the home and improvements is what many Buyers will do.  The home for $1,499,900 is located in Williams Bay and has 60′ of frontage but the home is very modest and will probably be substantially remodeled or rebuilt by the next owner.  The home for $7,950,000 located in Fontana, Clear Sky Lodge, is the ultimate home and location on the lake and is being sold furnished and ready to move into.  A home located in Geneva Bay Estates on the North Shore of Lake Geneva was just reduced to $2,200,000 and could be a very attractive option for a Buyer looking for an outstanding North Shore location in the area of Snake Road.  The lot is totally level with 100′ of lake frontage and outstanding views of the lake.  It will probably be used as a building site by the next owner for a new home and if building new is an option, this one would have to be considered one of the better values available on the lake today.
Bob Webster of Keefe Real Estate is very familiar with the lake front market, contact Bob with any questions or for details on any of the homes or condominiums located on Lake Geneva.  Go to www.LakeGenevaProperty.com for an easy way to be able to understand values on Lake Geneva and all the other lakes in the Walworth County area.