Around here, pond's do not increase your property value. They help on insurance a bit if you live out in the boonies because there is a water source for fire fighting.
Only other instances where a pond adds value is if you are buying a condo or renting an apartment. Water features add value then, but not to the person paying the rent or condo mortgage.
I would guess that HOA's with a pond or lake are the same way.
Bottom line is, you will, in some way, pay extra for a property with a lake or pond.
Last edited by JKB; 04/16/13 04:41 PM.