My brother and I are thinking about buying some land in Northeast Texas for the sole purpose of building a large pond/lake. We're thinking at least 10 acres. This would be for bass fishing only - no catfish or crappie allowed.
We were wondering how much the land value would increase if such a lake were built. In other words, if we spent $20,000 (very rough estimate) to build a large lake, would we be able to sell the property sometime down the road and get that money back, or is the land still worth about the same as before the lake? Since we both live and work in Dallas, this land would be a sort of "weekend getaway". No plans to build a house on the land, although a small structure for sleeping, storing a boat, equipment, etc. might be built. The type of land we are looking for is heavily wooded, somewhat remote, strictly recreational type land. We have tried to locate existing land with that large of lake, but no luck so far. Thanks for your input!
