What might you expect to pay for a Lake Anna home?
You may be wondering what you should expect to pay for a home at Lake Anna. I hope the following explanation will help you gain some insights as to what homes in various price ranges offer, so you an set a realistic budget for your dream home.
There are many factors that can affect the price of a home here, but the home's relationship to the water will influence the price of the property more than any other single factor about the property. After all, the lake is why we are here!
There are two general classifications of lake property, which we call "Waterfront" and "Water Access." "Waterfront" homes at Lake Anna have a deeded or assigned right to Lake Anna waterfront. Off water homes located in communities that provide access to the lake through a ramp at the community's common area are known as "water access" homes.
For waterfront homes, the amount of waterfront, the depth of the water, and the views from the waterfront and house site are critical factors in the price of the home. In some cases, waterfront homes may have waterfront that is shared by other homes, or waterfront that is located away from the main portion of the lot. Exclusive, deeded waterfront that is immediately adjacent to the lot is the most desirable and commands the highest prices.
Water access homes with lake views, with assigned or deeded boat slips, or locations close to the lake tend to command higher prices.
I guide my clients in their search so that they can find just the right combination of house, lot, and waterfront to meet their needs and their budget. While the market can change rapidly, here are some general guidelines about what you might expect to find in various price ranges for both waterfront and water access homes. I hope you'll find it helpful!
Waterfront homes over $800,000...Expect larger well-maintained, landscaped homes with very good to excellent waterfront, boat houses with lifts and perhaps a screened porch. Quality of waterfront and waterfront amenities will increase price more than extra square footage or extra acreage. We currently have some spectacular homes in the $1,000,000 - $2,500,000 range.
Water access homes... Currently there are no water access homes over $800,000.
Homes under $800,000
Waterfront home under $800,000...Expect more modest homes with a bit less waterfront. Newer homes with good relationship to the water, boat houses and deep water will command higher prices. Some homes may be older or have fewer upgrades, but have very nice waterfront. Or homes may be quite lovely, but located on a cove or have a more limited view. With the exception of townhomes, most homes under $500,000 may lack big water views, or may be smaller or older homes, or may need some TLC. These homes can, however, be quite charming and a good value. Townhomes are a great waterfront alternative to those buyers looking for a carefree weekend getaway and can get you waterfront on a smaller budget
Water access homes... With upper-end water access homes in the $400,000 - $600,000 range, you can expect newer and larger homes suitable for an elegant get away or for full time living. An assigned boat slip and perhaps a water view would not be uncommon.
Homes under $400,000
Waterfront homes...under $400,000 are rare. Expect smaller cottages with shared waterfront or no water view. Occasionally a garage on a waterfront lot with an apartment over may come on the market.
Water access homes...Many water access homes are priced from $200,000 - $400,000. Expect a selection of charming homes in established communities. Most will have assigned boat slips. Homes below $200,000 may be smaller, not as new or be in communities with fewer amenities. Access to the lake might be through a nearby marina. However, one of these may turn out to be your ideal Lake Anna home. The "handy man's special" could also be a good investment.
Please...allow me to help you evaluate the available homes so that you will find the perfect Lake Anna spot for you and your family. I can guide you through the process of home selection, writing the offer, planning your financing, conducting home, radon, and other inspections, and see you right through to a satisfactory settlement. I want to be YOUR Realtor®.
--Nancy
From small cottages in the woods, to townhomes, to off water homes with assigned boat slips, to waterfront homes both big and small, there is something here at Lake Anna for every budget! Listening to my client's needs and wants, and understanding how they want to enjoy their lake property is very important to me. 
