PaydayNow: Where to Buy a Lakefront Home in the U.S.

These tranquil locations provide year-round lake views and activities.

Lake villages have always been a nice respite from city life. Natural and manufactured lakes let us relax and unwind while enjoying various outdoor activities. Lakes are year-round playgrounds that keep your body busy, and your mind relaxed.

A waterfront or lake-view property may be the way to go if you want to make your weekend getaways more permanent. Fortunately, our country is replete with picturesque lakes and charming lakefront towns.

We spoke with real estate specialists who identified the hottest markets for luxury lakeside houses to assist you in choosing.

New Buffalo, Michigan

On the shores of Lake Michigan, New Buffalo has a population of just under 2,000. But this quaint town, with its many breweries and vibrant artist community, is a favorite vacation destination for people from Chicago, northern Indiana, and Michigan.

“The second home market is flourishing in New Buffalo and other lakefront towns in southwest Michigan,” said Mike Golden, co-founder and co-CEO of @properties, Christie’s International Real Estate.

Expect a highly restricted property supply. Inventory in New Buffalo is low, down 30% from January 2021, with double-digit price increases. You may still find spectacular lakeside residences, like this $4.125 million contemporary with 125 feet of shoreline.

Harbor Springs

Northern Lake Michigan is a favorite destination for families wishing to create lifelong memories.

Harbor Springs, Michigan, has the deepest fresh-water harbor in the Great Lakes region, with many art galleries, restaurants, and boutiques.

“The love for the Great Lakes and lakefront living has increased immensely,” stated Chris Etienne of Harbor Sotheby’s International Realty. New affluent purchasers are looking for recreational possibilities, space, and community in northern Michigan, where there are more small communities and less congestion.

If you are lured to waterfront life, consider that properties start at $1.5 million.

Coeur d’Alene

“I think what draws visitors to Coeur d’Alene is that it is a year-round, four-season resort with spectacular beauty, a quaint downtown, and a down-to-earth lifestyle,” In an email, Sarah Griffin of Tomlinson Sotheby’s International Realty in Northern Idaho said.

Coeur d’Alene and Lake Pend Oreille are popular vacation locations because of the stunning natural scenery and intriguing activities. Griffin says this area will be substantial, from character-rich early 1900s artisans and Queen Anne-style residences to sleek new complexes along the Spokane River and Coeur d’Alene’s west side. Griffin says this area will be “a strong source of inventory for more of the median pricing housing options.”

Tahoe, CA/NV

The Lake Tahoe real estate market is booming. Skiing, hiking, and golfing are all-year-round sports available on the lake and the Sierra Nevada mountains. Rentability is high here. Lake Tahoe attracts city inhabitants looking for a long-term remote work site or a weekend getaway in California and Nevada.

According to Merjen Novosel, a financial expert at PaydayNow, “The Incline Village/Crystal Bay market has improved in value over the past two years. “Incline Village and Crystal Bay are popular tourists and year-round properties on the North Shore of Lake Tahoe. It’s now $3,700,000 in January 2022!

Smith Mountain Lake

The Blue Ridge Mountains, over 500 miles of natural beachfront, year-round water sports activities, and friendly villages make this location simple to fall in love with. It’s no surprise that celebrities and athletes have bought residences at Smith Mountain Lake.

According to Glenda McDaniel of Long & Foster Real Estate/Luxury Portfolio International’s Smith Mountain Lake office, “Smith Mountain Lake’s appeal stems from a mix of attributes.” “Within a few hours of D.C., Richmond, Raleigh, and other noisy places, Smith Mountain Lake provides a serene refuge with little traffic and affordable taxes.”

Because the lake elevations are reasonably steady, lakefront homeowners can install covered boat docks for extra entertainment or storage.

Lake Norman, NC

What could be better than southern hospitality and lakeside views?! Lake Norman, North Carolina’s largest artificial lake, is approximately 20 miles north of Charlotte and close to major sporting and cultural events and facilities.

The favorable environment and easy access to the lake, mountains, and ocean attract retirees.

Lake Norman has seen increased interest in recent years, with a 22% increase in median property price since 2017.

“Clients want a vacation-like lifestyle with lake vistas and activity right outside their door. Work from home and the toll road have made commuting to Charlotte easier, increasing the demand for lakeside houses. “Director of the relocation at Dickens Mitchener/Luxury Portfolio International Catharine Pappas.

Waterfront properties in the region often cost $2 – $5 million.

Lake Austin

A property near this manufactured lake is ideal for those seeking picturesque lakefront views while still close to all of Austin’s modern conveniences.

The Four Seasons Private Homes Lake Austin would add 179 new luxury residences to the neighborhood by 2025. All houses will have beautiful views of Lake Austin and access to a private marina, tennis courts, and an 82-foot-long indoor pool.

“Ever since the initiative began in late September, more than half had been sold (gross sales volume, square footage, and the number of transactions). The overwhelming response demonstrates the high demand for waterfront property, with people placing deposits three to four years in advance. Overall, it’s an exciting project to follow since it mirrors market trends for waterfront property in Austin “Moreland.