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View Full Version : Private Lake Survey - Help out a student


eagle1wi
09-22-2006, 04:44 PM
This survey is for our MBA capstone class for which we are writing a business plan for a private lake development.

This questionnaire should take you about 10 minutes to complete. I know most of you aren't in our target geographic area but your participation will help greatly to show market acceptance of the concept.

Thanks in advance for your help. I REALLY appreciate it.

http://www.keysurvey.com/survey/122809/171e/

sanjuan23
09-22-2006, 04:47 PM
Finished in less than 10 Min.

92 190 PS
09-22-2006, 04:51 PM
Simple. Done and good luck...

rodltg2
09-22-2006, 04:52 PM
very interesting project. i wish a lot on a ski lake here would cost 150K.

captain planet
09-22-2006, 04:54 PM
Finished in about 5 min.

pram
09-22-2006, 04:57 PM
All done hardly cost my boss anything:D

3event
09-22-2006, 04:58 PM
A private lake lot would not go for $150K anywhere remotely close to Chi/Milw. You can barely get a suburban 1/3-1/2 acre for that - nowater. Maybe way out in the boondocks

If it were within 1hr of Milw, lot would probably go for $275k up to ... no limit..... depending on amenities if on a private lake. My best guess only. A micro lot on a public lake starts around $300K if yer lucky.

michael freeman
09-22-2006, 05:49 PM
A private lake lot would not go for $150K anywhere remotely close to Chi/Milw. You can barely get a suburban 1/3-1/2 acre for that - nowater. Maybe way out in the boondocks

If it were within 1hr of Milw, lot would probably go for $275k up to ... no limit..... depending on amenities if on a private lake. My best guess only. A micro lot on a public lake starts around $300K if yer lucky.

WOW! It's good to live in Texas. :)

beatle78
09-22-2006, 06:01 PM
done, I live on a private lake and it ROCKs!!!!:D

I just hate the Lake Maggots (PWC)!!!!:rant:

eagle1wi
09-22-2006, 06:06 PM
An average 1 acre lot an 45min - 1 hour SW of Milwaukee can be had for $150 depending on what it is near - not a water lot.

What I am trying to get out of the survey is how much people are willing to pay extra for this type of lot. The $150k is a baseline since lots go for wildly different amounts depending on where you are and what you are near. I wanted to give a starting point just to equalize the answers somewhat.

My professor wanted an open question - what would you pay? He didn't want me to prompt with any number at all. I told him that doesn't make sense since people don't necessarily know what a "normal" lot goes for, much less a lake one.

The other issue is that some of you are nowhere near here and have no idea what a blank lake lot would be worth. Some people may think paying a half million for this lot would be cheap, while somebody in the boonies may think the $150 is way to much - even on a lake.

eagle1wi
09-22-2006, 06:08 PM
beatle78 where is your lake?

peason
09-22-2006, 06:28 PM
Done - just sent response.

shepherd
09-22-2006, 11:51 PM
Done. Hope you get an A. And let us know when you start selling those $150k lots!

Leroy
09-23-2006, 12:11 AM
I'm really surprised, one hour south of Indianapolis or actually one hour in any direction and you can get land for $5k to $10/acre. Unless you hit one of the cities.

TMCNo1
09-23-2006, 08:33 AM
Good luck with the project, done!

WTRSK1R
09-23-2006, 08:46 AM
This is actually a great idea for the final project. When I went through this process, we were in a team of 4 people doing the Capstone together. I do not think I could have convinced the others to accept this project.

By the way, survey was completed.

6ballsisall
09-23-2006, 09:17 AM
eagle1, if at any way possible you could share your end data w/ me I'd greatly appreciate it. We are moving along on a project and some of this data would be very helpful to me.

bret
09-23-2006, 09:28 AM
done...I've heard through real estate friends, etc. that if a community had a lake in/around their homes and they made it a slalom lake or called it a water ski community, that their property values went up 25-35% overnight; depending on where they were in the country.

eagle1wi
10-19-2006, 12:34 PM
The project is handed in and we gave our presentation last night. At first the professor thought I was crazy for having an idea like this for an MBA Business plan proposal. At first he gave us a real hard time about being too focused on a particular niche and that it would be cost prohibitive to make any money off of doing it. Now I think he is convinced that there is a market for this type of thing even in a land of 15,000 lakes.

Thanks again for helping me out with the survey and your comments here.

Now I am off to see if we can actually do it, not just write the plan.

jbfootin
10-19-2006, 02:33 PM
Keep us posted if you get this thing off the ground. You probably could find a few investors on this site!