Picture starting your morning with the sound of gentle waves, coffee in hand, and the lake stretching out before you. That's the dream of lake house living—but what exactly defines a lake house? It’s more than just a home near the water. It's a lifestyle rooted in tranquility, recreation, and connection to nature.
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Defining the Lake House
A lake house is a residential property situated directly on or adjacent to a lake. This means the land physically touches the lake, offering scenic views and effortless access to the water. These homes are often designed with nature in mind, maximizing light and views with large windows, open decks, and private docks.
Different Types of Lake Houses
No two lake houses are the same. Some are quaint cabins perfect for weekend getaways. Others are expansive luxury estates with private beaches and boathouses. There are even off-grid lake homes, appealing to those seeking self-sufficient living. The type you choose depends on your lifestyle, needs, and budget.
Key Features That Set Them Apart
Lake houses are designed for both relaxation and entertainment. Expect open floor plans, sun-drenched interiors, and easy flow between indoor and outdoor spaces. Common features include:
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Expansive decks
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Vaulted ceilings
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Floor-to-ceiling windows
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Private docks
These homes are built to capture the beauty and peace of lakeside living.
Choosing the Right Lake House
Before buying, decide how you plan to use the property. Will it be a full-time residence? A weekend retreat? A short-term rental? Your answer shapes everything—from location and size to layout and maintenance needs.
Also, consider what kind of lake experience you want. If fishing is your passion, look for a well-stocked lake. If you’re into water sports, you’ll need larger, open water. Prefer a quiet escape? A small, peaceful cove might be more your speed.
The Financial Side of Lake House Living
Lakefront property often comes with a higher price tag. Not just in purchase price—but in taxes, insurance, and upkeep.
For example, in Cherokee Village, you will have a county tax based on the home's county assessed value, like in most places. Additionally, there is and SID assessment, paid annually, for maintenance of the lakes and golf courses. Depending on the land you buy and where it is, this assessment is different:
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Lakefront property has SID assessments capped at $740
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Smaller lakes could be capped lower, around $375, because the value of the lot is lesser
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Lake-view lots (across the street from the lake) may only cost $90 in SID assessments, so you have a great view but not necessarily access
Choosing a lake-view home instead of lakefront can save thousands annually.
Pros and Cons to Consider
Lake houses offer incredible benefits:
Natural beauty
Mental and emotional wellness
Recreational opportunities
Potential for appreciation and income
But there are also challenges:
Higher insurance premiums due to flood and storm risks
More maintenance (docks, erosion control, water damage)
Septic systems requiring careful planning
Accessibility and elevation also matter. Some properties sit high above the lake to stay out of flood zones. Make sure to get an elevation certificate or ask the current owner about flood insurance.
Local Regulations and Practicalities
Each location has its own rules. Some communities limit short-term rentals. Others restrict types of watercraft or dock installations.
Make sure to check:
Water depth and shoreline stability
If the lake is stocked or maintained
If the dock is private or shared
Utility connections (especially septic versus sewer)
Expansion possibilities like garages or guest houses
Is a Lake House Right for You?
Take a hard look at your lifestyle. Ask yourself:
Will I live here full-time or occasionally?
Can I afford the ongoing upkeep?
How much time will I actually spend at the lake?
Lake houses are a dream come true for many, but they require thoughtful planning and a realistic assessment of your needs.
A lake house isn’t just a home. It’s an experience. A retreat. A sanctuary. Whether you’re drawn to the calm of the water, the promise of family weekends on the boat, or the potential of a solid investment—understanding what goes into lake house living is the first step in making a smart choice. Thinking about buying a lake house or already own one? Let me know what I missed in the list above! Thanks for stopping by and check out our other blog posts for details about our area lakes. Have a blessed day.
