A couple bits of lakefront news to update you on this morning. As I wrote previously, the lakefront market experienced a good deal of activity last week. Two lakefront homes went under contract (Basswood and South Lakeshore), as I correctly predicted they would. Thanks for listening to me. A new lakefront home in the 700 Club came on the market. $4.1MM. Yes, I’ll show it to you. No, you don’t have to be a personal friend of Pat Robertson to gain access. A home with lakerights in the Valley Park association near Black Point sold this week as well. Sale price was $678k, after an original ask price of $839k and a most recent presale asking price of $718k. Again, before you fear for the financial well being of these sellers, they purchased the home in 2005 for $480k. Funny thing is that I’m sure people looked at the property in 2005 and figured it was way too much money. The property combines the rare qualities of acreage along with lakerights. If you were looking for privacy and lake access, this was a fantastic property.
There are still plenty of great values out there both on the lakefront and off. I’m dying to help you beat up a seller or two and find a great deal. Thanksgiving is a perfect time to look. All that tryptophan induced malaise that follows Thanksgiving dinner makes for the perfect time to negotiate a real estate transaction. The seller won’t know what hit ’em. Next Thanksgiving, instead of sleeping off Thanksgiving dinner in the city, you’ll be sleeping it off with a view of the lake. Don’t worry, things won’t change too much. The Lions will still be on TV, and they’ll still be losing. After all, they can’t help it. They’re from Michigan.