Why buy a waterfront home in Orlando?
Waterfront homes have faster appreciation, better resale, no neighbors peeking in your back windows, peaceful living, beautiful views, fishing, boating, fun in the water, nature and wildlife and cleaner air…waterfront properties are prime real estate in Orlando.
The downside is a higher price tag, ranging from $200,000 to $75,000,000 (yes, $ 75 Million Dollar Lakefront Mansion)…we are discussing Orlando lakefronts here, not ponds. But why so pricey? Homes on good waterfront are in high demand, the supply is limited and not all lakes are desirable. There are sand bottom, muck bottom, ski lakes, boating lakes, fishing lakes, swamp lakes and those only good for the views of nature. Prices fluctuate by the type of Central Florida waterfront property, the unobstructed views, size of lake, running feet of lake frontage, the neighborhood, location, quality of the lake, and of course the quality of the house on the lot. Can you put in a motorboat or just use a canoe? Can you dock on your property or must you use the boat ramp?
The cleaner the lake the better…sand bottom is preferred and larger is always better. Spring fed lakes that maintain the same water level are a plus so that during dry season, your dock does not become high and dry. Lakes that access other lakes are preferred and are on “the Chain of Lakes”. There is the Butler Chain of Lakes, theHarris Chain of Lakes, Clermont Chain of Lakes, Conway Chain of Lakes, Winter Park/Maitland Chain of Lakes and more.
The most interesting lakefront property in Orlando is a 12,000 sq. ft. mansion, suitable for royalty, with views of Lake Butler chain of lakes.
All Central Florida Lakes flow into another body of water but many may not be navigable or only navigable by canoe. The larger the lake, the farther you can boat, the more desirable the waterfront property will be.
Centrally located lakes close to Orlando, are top dollar while rural lakes on unpaved roads may be a bargain. Lake County has over 1,400 lakes and that is why they call it “Lake” County, but many are brackish (saltwater mixed with fresh water=copper looking) water. The choices are plentiful…big or small lakes are everywhere: Orange Country, Seminole County, Osceloa County, Lake County, Polk County and Volusia County…which waterfront property do you prefer?