Lake Shelbyville Topics: Pleasure Cost per Sq. Ft.

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	Name:	Harborcon -
	Subject:	Pleasure Cost per Sq. Ft.
	Date:	8/18/2006 6:27:42 PM

Just seeing this today - and if I'm reading it right, y'all are saying $5,000 per foot of lake front? So my 200' of lakefront would be worth a cool $1 Million? Boy was that appraiser wrong! Of course, mine has what I considered to be an improvement until the appraiser said the value would double if I tore it down - my little cabin. He also told me that the highest value (from an appraisal standpoint) was attributed to view (and we do got a ton o'trees, but are gradually thinning them out). So if you have a pie-shaped lot with just enough feet of lake front to put a pier, but with a stupendous view, it's of equal value to a lot with more lake-front feet but less view. Seems to me that the property at Lake Martin is worth whatever someone is willing to pay for it, and some are apparently willing (and able!) to pay a whole lot.