Well, here's an update. It's amazing how things turn out sometimes.
We listed the lot on the mucky pond for sale and considered buying a different lot about 1 mile away in a new subdivision that is also on a pond. However, this pond is perfectly clean(not a speck of green on it all summer), is spring fed, 12 acres in size, and about 15-20 feet at its deepest. Its been around for about 50 years and has a nice sandy bottom and is full of fish.
However, being that all our cash was tied up in the muckypond lot I dragged my feet buying a lot on the clean pond even though my wife kept telling me to (we could have financed the whole thing). Who knows how long the mucky lot would take to sell?
Anyway, the same realty company and the same bank work together on both of these subdivisions. It just so happened that a builder built a beautiful spec house on the clean pond last year but way overpriced it so it wouldn't sell. They ended up getting foreclosed on by the bank. Get this, the bank gave us the exact amt we paid for the mucky lot towards the vastly reduced purchase price on the spec house, and the realty company bought our old house at a fair price so we wouldn't have a contingent offer on the new house.
Bottom line, we went from owning a lot on a yucky pond and planning to build in 1-2 years, to closing and moving to a gorgeous new home on a jewel of a pond in a 2 week period in early January. Here's a link to photobucket with a couple pics of the clean pond, we're the green house on the right in one of the pics. Also is a pic of a huge 21" largemouth I caught on a tip-up ice fishing last weekend.
http://s114.photobucket.com/albums/n253/samkristy/
