Sub-$200K lake houses with good lake frontage are few and far between, so took notice when the price was cut on this little gem at Wanaksink Lake to $195,000 (down from $219,000, and originally listed at $254K.) The house is small, 2BR/1BA, 920 sq. ft., and is on a small lake parcel (50' wide), so probably can't be expanded in any significant way. But it has nice lake frontage on a larger non-motorboat lake. I like this one, and at $195K, I like it a lot.
If you're looking for a simple, inexpensive little lake getaway about 80 miles from the GW Bridge, you probably can't do better than this. Note: when you click through to the listing, the first photo is not the house, but the Wanaksink Club clubhouse across the lake.