We spent 10 years on Mark Island and loved it. There certainly were challenges over the years and a lot of money spent but it was worth it. It is clearly the best way for the money to enjoy life on the lake. Usually the comparable mainland property would be 3-4 times as much plus higher taxes.
It is more expensive when it comes to maintenance and repairs, plus you need boats and slips to get back and forth unless you plan on towing each time. I know people that do, but that's not for me.
As others have stated, you have to be handy. Also a bit brave. Some days on the lake, unless you plan on being a fair-weather islander only, can be very hairy. Storms can roll in quickly. Fog banks are thick. Wind and waves can be brutal. I was on the lake until mid-December last year, although I was usually a bit more extreme than your average islander.
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