Quote:
Originally Posted by MAXUM
There has also been a monumental shift in what is being built on the islands too. These island contractors can accommodate just about anything these days. So what you are seeing is old simply constructed "camps" being replaced by modern day houses with any amenity your wallet can pay for. That is really pushing prices north bound too.
|
I just hope there is a ceiling to what the market will support for island properties. I can’t believe that there is a huge contingency of buyers willing to pay close to $1 million or above for a seasonal property that is only accessible by boat. The great part of island properties, in my view, has been, at least historically, that non-millionaires could have their own secluded part of the lake. Sure, it requires a boat, some (or a lot) of DIY prowess, and hauling everything/everyone to/from by boat, but that and the secluded nature of island living is what I actually value most about our camp.
I know that we can’t entirely prevent this type of gentrification from spreading to the islands as mainland property prices continue to sky rocket. I just hope that as many of these properties as possible stay as true “camps.”