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Showing posts from November, 2012

Vacant Lake Lots Snatched Up

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     Over the last year there had been no vacant lots sold on Delavan Lake.      Over the last two years there had been no vacant lots sold on Delavan Lake.      Over the last three years there had been no vacant lots sold on Delavan Lake.      You get the picture.      This was true until two parcels, each with 100 feet of lakefront just recently sold.      And the price for each, $600,000.      You would think that would then set the value for 100 feet of lakefront on Delavan, however, there is more to the story.      The first lot, located at 1713 South Shore, had 100 feet of frontage, about an acre of land, but was next to the Village Supper Club.  Not that there is anything wrong with the Village Supper Club.  Quite the opposite, they have great food and a killer fish fry.  But, in general, people don't want to build a million dollar house next to a supper club. This had an effect of reducing the value by 25 percent or $200,000.      The second lot, located at 311