Waterfront Property is still very affordable..

People who have lived in our area for years will question how “affordable” real estate is in the Clear Lake/Galveston area but compared to the rest of the national our waterfront is very cheap. The addition of a number of high rises in Clear Lake will only future increase the values.

You can still get condos under $100k in Clear Lake with waterfront, and homes as low as the 150′s. We just listed a property off the a back bay of Clear Lake with almost an acre of land and a boat slip for $300k. Many people want “in” on the next big thing, water is the next big thing. You do have to watch insurance rates but they are still affordable. With condos you need to look at the financial stability of the association which is shown on the resale certificate.

Many low end waterfront condos are lacking in funds to complete repairs and the insurance rates in some areas have doubled. How many times have you heard “location, location, location”. Water isn’t going any where but the prices will rise in the near future.