Well, I think the truth lies in between the various posts above....I looked at approximately 100 properties before buying one, and they ranged from $3K to $6K an acre in this particular part of Texas, for a lot 20-100 acres big (smaller lots are more per acre, larger ones less...). This property struck me as a good deal - not an unbelievable deal necessarily - but the reason I left the post was the difficulty in finding this much water wholly located on a piece of property. I'm like you guys - I place a premium on that kind of lake - and I just didn't find many in my search.

In any case, the post is now academic - I'm told that the property is since off the market.