We are just Northwest of Dallas 1.5 hours on the west side of 35. Our 11 acre lake cost @ $50,000.
On whether it raises the value, it definitely does. I think I read in one of the issues how Mark McDonald sold his property and got a abnormally high sounding per acre because of the lake. Look at your situation. It is hard to find the land and go through the pain of building a lake from scratch. If you have the money you would be willing to pay more for land with a lake than surrounding land or for one with a site. Recreational land is going to become more and more valuable and those with great lakes will demand a higher and higher premium. Especially if they are close to a big city. I have no desire to get out on a big public lake with all the poor people. I close my gate and fish in my own lake and only deal with those that I want to deal with. Now that is value!! Just kidding on the poor people comment.
