If you’re seeking high-end lake homes in Texas, look no farther than the pool of real estate in your own backyard.
Two lakes in Dallas-Fort Worth are among the seven in Texas with the most lake properties priced at $1 million or more. This is according to a recent report from Lake Homes Realty, an Alabama-based company that does business in Texas and 32 other states.
According to the survey, Possum Kingdom Lake, which spans 16,716 acres, ranked fifth in terms of the number of million-dollar-plus listings for lake properties (33) on May 15. Grapevine Lake, at 7,280 acres, came in sixth place (24 listings).
“Our new real estate report shows families looking to avoid crowded areas during the pandemic considered lake homes as an option,” says Glenn S. Phillips, CEO of Lake Homes Realty.
“Buyers from across the country searched Texas lake homes as a safe place to live and reconnect. From primary and secondary homes to lake lots, the Texas lake home market was more than $3.6 billion, the largest of our 33 states,” Phillips adds. “With beautiful lakes spread across the state and access to major metropolitan cities, it is easy to see why Texas has so much appeal for lake home shoppers.”
Four lakes in Central Texas topped the list for million-dollar-plus listings:
- Lake Travis, 75.
- Lady Bird Lake, 74.
- Lake Austin, 47.
- Lake LBJ, 43.
Lake Conroe in the Houston area rounded out the top seven, with 24 listings worth at least $1 million.
Lake Travis is also the state’s largest market for lake properties, with $344.9 million in houses for sale as of May 15. Lady Bird Lake ($235.6 million) came in second, followed by Lewisville Lake ($220.3 million), Lake LBJ ($179.6 million), and Lake Ray Hubbard ($156.6 million) in Dallas-Fort Worth.
“In Texas and in other parts of the country, buyers are not waiting to find their dream homes,” Phillips says. “With limited inventories, buyers are ready to move quickly for both primary and secondary lake homes. They will then put their personal touches on them.”
So, if you don’t have at least $1 million to spend on a lake house, the research lists the Texas cities with the most inexpensive lake properties as of May 15:
- Bryan-College Station’s Country Club Lake, $190,430.
- Hilltop Lakes, northeast of Bryan-College Station, $222,472.
- Lake Tawakoni, east of DFW, $303,693.
- Abilene’s Lake Kirby, $308,472.
- Hide-A-Way Lake, northwest of Tyler, $309,993.