Lake Cumberland

[smokedog2]

I’m seriously considering driving 4.5 hours to Lake Cumberland (one way) and look at a new gated lake front development (Sandstone Point) just outside Monticello.

The land Company is McKeough. They have also done a development, Crescent Ridge, on Dale Hollow. (www.lakecumberlandwaterfront.com)

As long as I’m down there does anyone have another area they would suggest?

Does anyone know the reputation of the developer?

The lake front lots range from 42,000 to 120,000. I’m most interested in a 45,000 lot.

I’m years away from building for retirement but figure if I do not get a lake front lot in the next few years, I will never be able to afford one.

Does anyone out there have an opinion on this option, or an alternative?

I think I would prefer to get property on Table Rock Lake in MO but there is no way I can get out there to actually look at the property any time soon.


I plan to retire on the water with my LSV!

SD2

[smokedog2]

Cumberland is over 65,000 acres. Average lot is 2 acres, 16 pages of covenants (deed restrictions) to go with the gate but that is what protects the property value.

The biggest issue is the steep drop to the lake. Also, the Army Corps of Engineers owns the land next to the lake so it has a buffer of trees all around it (nice view), but you have to kiss their ring to get a dock and they are now limiting those to marinas. I’m calling:

http://www.thetimberlinecorp.com/sti...otoGallery.htm

Today.


Florida is an example of why I feel the need to start buying now.

SD2

[Yellowmobius]

Wow, that looks AWESOME

Go for it!

[qb12]

Smoke, that looks beautiful. I still love Tablerock, but that is very nice, especially for the $$$$.

Good luck.

Doug

[smokedog2]

Yea,

I’ve been calling and talking. These developers are either all go to the same marketing school or are just steeped in rude.

Sandstone finally sent me a plat map with prices and e-mailed the covenants. Stillwater says they don’t have a plat yet or the prices set (this is phase three and the same thing Sandstone told me two weeks before the “Grand Opening”). The Stillwater grand opening is Oct 29th and no plat map or price. They don’t know the lat-long to get an aerial or topo map view. Heck I couldn’t even get decent directions unless I signed up for a “showing” the day of the GO.

Stillwater is “above” alligator 1 marina. Looks like a lot of boat traffic to me. I’m nearing the point where I will gather some grand opening info and go visit 3-4 developments in January. Too much obvious hype to generate impulse panic day of sale buying for my taste.

Maybe I should sign up, not show, call every month or so and wear them down a bit. If it were me I would get every bit of information I could think of on the web site. It would cut the curiosity seekers down, and let me market to those that are really interested, as opposed to those I think I can turn into “owners” if I can deliver my pitch in the right environment.

Off course the other alternative is that this stuff is selling so well they really do not care if I buy or not, someone else is already on hold. Who knows?

I’m leaning toward staying home, I’ll let you know.

SD2

[james yarosz]

I've spent a-lot of time on Cumberland and Dale hollow.They are both beautiful lakes. I have NEVER seen a private dock on either.My understanding is all the lake front property is owned by the Federal Govt.and will never be developed.We bought a lot on Lake Greenwood in S.C. It's owned by the county and you can have docks.Next time you talk to the developers ask them if they have any "dockable" lot's.

[Livindadream]

smoke, I have spent a ton of time on all the Kentucky/TN lakes. They are all great, but Cumberland, for what I like to do, is my least favorite. You may want what is offers, and therefore it will be the place for you. Cumberland is what I call a "testosterone lake". Lots of big Baja's, cabin cruisers, etc that really bang up the lake and make it tough to find glass water, especially on the weekends. It's a party lake, with one area, The Falls, much like the infield of a NASCAR event, meaning no way will I take my kids, who are 8 and 5, anywhere near there, as they will get an early start on the sex ed thing. When it came time to buy a vacation home, one place stood out to me...Norris. Check out this link, which is the community I bought in, but there are a few others on the lake. Norris is very large as well, 160 miles from end to end, and all ski-able water. There are a ton of marinas, and especially the three or four within a 20 minute boat ride of Deerfield are really cool and offer sit down eating, beers, etc. From my front door, I have 62 concrete steps to navigate until I am on my dock. I bought a lakefront condo, simply so I didn't have to worry about maintenace, but there are lots available all over, and most are in the price range you are looking in. I know directly of one lakefront lots with 2.5 acres, waterfront, that is currently $90k. Norris is still primarily a recreation lake, has a self contain law on the houseboats(Cumberland does not, or at least did not) which makes it one of the ten cleanest lakes(just read this stdudy, forgot where) in the country. Very deep, with main channel in the 200 ft range, but the entire lake makes a depth finder obsolete. Property values on Norris are appreciating in the 15% range right now, chump change for Fl but good most places. Here is a link, but a google search will provide many more options. Ed, for that same $300k, I bought a 2300 sq ft, 4BR lakefront condo with its own dock and a pool. Now is the time.


http://deerfieldresort.com/propsale.htm

[smokedog2]

Very interesting. Deerfield did not have the lot you mentioned. Do you have a link for that?

tx

SD2

[smokedog2]

Hey, LD happy Birthday! if I can figure out how I'll PM you my cell. I'm currious to know if you rent out your condo with the renatal system and how often you really get to go. Dogs are big part of our life so I'm sure I'm looking at a house in retirement. My wife will not have it any other way.

tx

SD2

[Livindadream]

No link to that property, but we pass it on the way to the condo. Nice piece of property in a great location toward the back end of a nice cove. Very short, meaning less that two or three minutes, no wake zone, although it really isn't a no wake zone. I am going to be at the condo this weekend. Don't know you, but our place is about 30 minutes of exit 134 in Tennessee. You are welcome to swing by and check it out if you are going to be out. I will check it, and get you a phone number, although it is listed by Madelline Fields, the same lady on the websight. Ask her about the property for sale on Doe Lane.