Inquiries this week from potential buyers has been almost all focussed on lakefront. It certainly has to be related to the early onset of summer we’ve all experienced for the last week. When the thermometer passes 90, the idea of jumping into a cool mountain lake sure has a lot of appeal. Many cool lake-dippers, sweltering in the Manhattan heat, don’t have a good grasp of the cost of owning your own lakefront getaway a few hours from Manhattan. I have a page on my website specifically dealing with lakefront (Click here). The bottom line is that a modest lakefront getaway on a quarter acre lakefront lot (with 70 or 80 frontage feet on a lake) starts around $350K to $400K, and an Adirondack-style getaway with that "On Golden Pond" setting and privacy can easily run over $1M. If your budget is under $300K, a good option is a house that isn’t lakefront but has lake rights within a short distance. Think of it kind of like wanting to have a place in Chelsea or the Lower East Side, but not having the budget for it, so you go up to Hudson Heights or Inwood. You’re still in Manhattan. Likewise, a house with lake rights is a great option doesn’t quite reach to lakefront — and you’re just a short walk from that cool mountain lake dip.
Speaking of that dip, the lakes up here have actually warmed up very early. I was hanging out with some friends at Crystal Lake a couple of days ago, and everybody except me went swimming. (I’m a native Floridian, and have a much higher threshold for ‘swimmable’ — I seldom dip more than my toe until the 4th of July.)