Blog : Crains

Lake Houses

Lake Houses

Certain phrases elicit certain reactions. For instance. If I tell my wife to “calm down”. The reaction is something I can predict with startling accuracy. If my son is bothering me and I tell him that he is banned from his xbox, he’ll react in the same apoplectic manner each and every time. And if I read that someone says they don’t “need a lake house”, my reaction will escalate far beyond that of my wife having been told to calm down and my son having been banned from gaming. You don’t need a lake house? Pfft.

The latest round of this profanity was uttered by a well-intentioned homeowner in a recent Crain’s article. The person owns a home in a North Shore suburb of Chicago. The house is for sale. When a house is for sale, the owners grasp at straws to describe just what it is that makes their house more special than the others. Better than the others. Unique and rare, that’s what their house is. In the case of this gentleman he said that he never felt the need for a lake house, because this house, located on Lake Michigan, is his lake house. It’s a primary home and a lake house all in one, with one tax bill and one landscaping bill. It’s tremendous win. Or so he thinks.

Before I blast off into a state of discontent, I must remind myself that this guy means well. He’s just trying to sell his house, and that’s something that I can understand and appreciate. But in trying to sell his house he has reinforced a myth, and it’s the myth that I find unconscionable. The myth says that a house on or near water is a lake house. A lake house is a lake house, a lake is a lake, a view is a view. In this, homes near water are all the same. Be the home near a great big lake, a tiny little lake, or this, our magnificent lake. Homes are homes, lakes are lakes, and this guy has his lake house. For terrible and irreversible shame.

Yes, you could work your way up through the minor leagues and find yourself standing on the mound, about to hurl a heater in the first inning of your league championship game. You could do that. Or you could just buy a ticket in the bleachers and eat popcorn while you watch the game. In this scenario both people find themselves in the stadium on game day, under the same sun and staring at the same green, hatch-mowed grass. Why put in all that effort to be the pitcher when you can just buy a ticket and enjoy the same game?

This is what it’s like to own a lake house on the big lake, on either side of the big lake. And this is the primary and most significant difference between Lake Geneva and that big lake. The big lake is beautiful. It’s nice to look at. I appreciate it for the inland ocean that it is. I look forward to one day holding the Western states ransom as they wish to stick their straws into our big lake. But to ascribe lake house abilities to a home on that lake is simply an error. The difference between Lake Geneva and Lake Michigan? The ability to use the lake.

If you want to tie a boat in a harbor and drive home to your lake house, I suppose that’s up to you. If you’d prefer to have a lake house with a view of water and no means to use that water, that’s again, like your opinion, man. But if you’d like a lake house situated above that water where the water itself is the weekend, then that’s why you come here. If you’d like your boat waiting for you at the end of your lawn, tethered to your private, white pier, then you should be here. If you’d like to see sunrises and sunsets, this is your place. If you want to ski in the morning and swim in the afternoon and fish in the evening, all without leaving your own property, then you come here. A lake house isn’t really a lake house unless it lets you live in a way that indulges in the adjacent lake. Swim, boat, fish, ski, sail. This is what a Lake Geneva lake house will offer you. If you’re only interested in a lake house that offers you a great view and nothing else, you might as well just move to Evanston.

Go Kart Track

Go Kart Track

You’ve likely already read the article. Lake Geneva Mansions Are Having A Year Crain’s likes to talk about Lake Geneva, but only sometimes. That’s because the Crain family is from Michigan, and so they love Michigan, in the way that some people love their dog even though the dog smells and has bad teeth and fur that’s coarse and smeared with whatever that is it rolled around in last night. Michigan is the favorite, and so I appreciated the time that Dennis Rodkin spent with me discussing the state of the Lake Geneva market. Dennis is the real estate writer for Crain’s, and he couldn’t help but take notice of our robust upper bracket market.  Our market that printed three sales over $5MM this month. Our market that printed six sales over $3.9MM since June. And if he was going to write about this market, he was going to talk to the agent who sold five of those six lakefronts. That’s why we spoke, that’s why the story was written.

But the strength of the market and the three heavy sales this month were just the fluff in the article. The real buried lede was this: If you want future liquidity in your high end Midwestern vacation home, you better buy it in Lake Geneva. That’s all the story needed to say.  Because when Dennis asked an agent from Michigan how their market was doing, he wasn’t regaled with stories of high prints and hefty price tags. He was, instead, met with silence. It seems that Harbor Country doesn’t do so well over $3.5MM. The agent who was questioned found it astounding that Michigan, for all its wonderful somethingness, could fall so far short of Lake Geneva.   When faced with the startling reality that Lake Geneva attracts the wealthy in a way that Michigan can only dream of, she resorted to name calling. But, but, their lake looks like a go-kart-track! This was all she could muster.

And so today, I bring you some snapshots of our go-kart track operations.  For instance, here is a picture of two of our karts.   These are the upper end models that you can only rent if you’re a scion of Chicago business, with a giant building and stadiums named after you, or if you’re a entrepreneur with a go-kart-track-record of immeasurable success:

hinckley

 

Here is a picture of one of our go-kart-track-clubhouses. Coincidentally, I sold this one in September for $9,950,000. In Harbor Country, that number is better known as “four or five of our nicest homes, combined”.

 

Lake Geneva Lakefront Estate

 

Our go-kart-track is unique because we get to observe sunset,  but we also get to observe something else that’s super rare in Harbor Country. Sunrises over water. This picture was snapped on our track during a morning ski session:

 

Geneva Ski

 

The pic below I took after a sunset track run aboard a sailboat. The interesting thing to note here is that we allow our karts to be stored on site, not in a harbor. Want to race right from your own pier? Our track allows this.

 

2016-sail

 

Speaking of piers, this is what they look like. They aren’t docks. When you join our track, you get your own pier. To stand on. To tie karts to. To sunbathe on. To swim from. No sand in your hair here, no dunes to swallow you alive.

 

2016-piers

 

In summary, our track is nice. It’s great for swimming in and racing over. It’s great for sailing and for fishing and for boating and for swimming without fear of a riptide. It’s also wonderful if you ever want liquidity in your vacation home purchase, because unlike Harbor Country, we can actually sell homes for more than $3.5MM. Here’s an aerial view of a small section of track, in case you were considering a whip around the course.

Matt Mason Photography

Aerial Photo courtesy Matt Mason Photography.