Waterfront, lake properties and wooded acreage real estate for sale in WI and MI

Wisconsin Lakes

View proof provided by The Wisconsin Department of Natural Resources

According to Wisconsin Natural Resources Magazine, nearly 80 % of the land bordering Wisconsin lakes and rivers is privately owned and developed. Since the 1960s, the number of homes on Wisconsin waterways has increased 216 %!

About 80% of Wisconsin's lakes lie north of Highway 29 (Wausau, WI). 75% of all lakes 10 acres in size and larger are already developed! Of the lakes that remain undeveloped, nearly all are under 50 acres in size and half are under public ownership. They are owned by state and county and will never be available for private ownership.

As for the large lakes (200 acres and larger), only 3% remain undeveloped and available for private ownership. This means that 97% of Wisconsin's large lakes are developed. If you are waiting for a large lake you are competing with the majority of property seekers for only 3% of Wisconsin's lakes! Some are predicting that by the year 2005 there will be no more vacant waterfront property left!

The average vacant lake lot in Wisconsin is less than 1 acre in size, has about 100 feet of frontage and a price tag of over $150,000!

If you are holding out for an existing home or cabin on a large lake you will need to budget on the average of $500,000 for the purchase! If you are looking for lakefront property in the southern two thirds of the state you need to realize that it has been developed for decades. The Chicago and Milwaukee markets have been buying it up for years because it is closer to home. The most expensive waterfront real estate is in the southern half of the state where less than 20% of the lakes are located.

If it has been your dream to own a beautiful Wisconsin getaway to enjoy with your loved ones I urge you not to wait any longer. In 1999, the average price of an acre of land in Wisconsin went up 24%! In the year 2000 land increased again by another 18%! That's a 42% increase in just 2 years! It is not going to get cheaper! Depending upon location, Wisconsin's waterfront property increases in value by as much as 33% per year!

Look at it as if it were a ladder. Each rung of the ladder represents either your opportunity to make a profit or pay more. The sooner you climb onto the ladder the more rungs above you allowing you to make a profit on your investment. The longer it takes to climb on, the more rungs beneath you adding to the price and the fewer properties to select from.

Simply put, waiting too much longer will limit your choices and add substantially to the cost. Most people can not save at the same rate as property values are increasing. The cost spiral will only keep you forever saving and not enjoying either the use of or the increased value of your own property.

If you are going to own waterfront property, you may have to be prepared to drive farther north and pay more than you thought. But don't despair! There are opportunities out there, but you must act upon them when you see them. Waiting will only cost you thousands more as each year passes by.

Here's proof...

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