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Old 05-13-2006, 06:14 AM   #1
JS_racer
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Way OT : Looking for lake place updated price


Anyone have any leads on lake places. We are trying to find something 1-1.5 hrs away. Price say 50k -150k (??). I am just a mechanic so not the best career choice for the glass palace on the lake. lake would have to be of a good size or connected to other lakes. I love to water ski so that is a must. Fast jet-skis need to be allowed. I would travel to WI if needed

Thanks for the time,
The poor folk looking for water
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Old 05-13-2006, 07:32 AM   #2
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I assume you just mean a lot? Lots of stuff in the mankato area, but 50k may be tough. If you want me to look LMK otherwise if it is to far LMK as well.
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Old 05-13-2006, 07:37 AM   #3
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must dig your self a pond for 50k lol jk
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Old 05-13-2006, 08:28 AM   #4
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Quote:
Originally Posted by darasy
must dig your self a pond for 50k lol jk
have a pond, tough to ski on though.
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Old 05-13-2006, 12:36 PM   #5
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Last few lots for sale around leech lake are going for $300,000 and up. Yes that's just the lot.
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Old 05-13-2006, 12:41 PM   #6
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My parents have a place for sale in Birchwood, WI. Only problem is that you'd have to add another 0 to your price.

I want to/will own a lake place some day. I still want to have a place in or around Ely. Only problem is that it's not getting any cheaper, and I can't quite afford it yet. Yet...
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Old 05-13-2006, 12:55 PM   #7
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Quote:
Originally Posted by tico mike
Last few lots for sale around leech lake are going for $300,000 and up. Yes that's just the lot.

That actually isn't that bad compared to what the people pay for stuff around where I grew up. Now a days they buy a old rundown cabin on 100 feet of lakeshore for about $600-$700k than hit it in the head and put up a 2 million dollar lake place. Oh well when I win the lottery tonight..... If I only knew what the propery values would have done up there. In 15 years time lots went from $100,000 up to $700,000. I think it is nuts what some people pay and or have for a second home but I guess if you got it why not?
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Old 05-13-2006, 01:01 PM   #8
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It might be worth looking at Wisconsin. There are a lot of lakes near Siren, St. Croix Falls, and a little further North.
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Old 05-13-2006, 01:25 PM   #9
tico mike
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Quote:
Originally Posted by redwinger
If I only knew what the propery values would have done up there. In 15 years time lots went from $100,000 up to $700,000. I think it is nuts what some people pay and or have for a second home but I guess if you got it why not?
Yes, there's nothing like buying at a good time. They are some bargains to be had, but not around here...Real estate is always a solid investment IMO.
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Old 05-13-2006, 01:30 PM   #10
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I have a house off of the St. Croix that is like a large cabin sized.. 219k
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Old 05-13-2006, 01:40 PM   #11
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My father in law just sold his lot on Sturgeon Island on Sturgeon lake .8 acre, 200' of shore line for $420,000. I think you may have to go farther than 2-3 hours away to find the price range your looking for. I know if you go up to the NW part of MN or even up by Red Lake Northern Leech lake area you may find something. But to find lake property in the distance your looking for may be tough.
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Old 05-13-2006, 02:51 PM   #12
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Old 05-13-2006, 04:01 PM   #13
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one of the things that my family did a few years ago was to get a few family members to go in on a place that way the finacial burdon was not set on one or two incomes but 4 or 6. But make sure that it is done right so one family is not set on paying all the "incidental" costs. Taxes, etc.... That is what my dad and my aunts family did. they split it and it seam to work out.
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Old 05-13-2006, 04:04 PM   #14
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Quote:
Originally Posted by tico mike
Yes, there's nothing like buying at a good time. They are some bargains to be had, but not around here...Real estate is always a solid investment IMO.

lake shore is one of the best real estate investments there is. There is a finite amount of it and for the most part there never will be more. However the demand for lake shore just keeps growing : )

even the biggest piece of crap on lake minnetonka still does a minimum of 10% a year.
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Old 05-13-2006, 04:51 PM   #15
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My wife (Brooke) sells real estate in the twin cities and specializes in lake front especially Medicine Lake, where lots start around $500 for a 50 lake shore lot, Some lots with homes are $6000 to $7000 a foot of lakeshore. She does knwo of a few homes that have deeded lake access for $300-$400 K if that interest you.

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