Lakefront Homes .....yes, even in the desert!
There are 3 real lakes that are less than 1 hour away from downtown Phoenix, but you can't live on them! In this state only 18% of the land is available for people like you and I to own, 26% still belongs to the Indians and the remainder belongs to the governments. If you like camping, boating, fishing, hiking, etc. you will love it here.

Peoria annexed the southern portion of Lake Pleasant in the northwest (contact me and I will send you a really good map of the area - it has where all the new highways are going and how the grid system works here). There will soon be resorts that are on the lakes for everyone to enjoy - highest and best use.
All the lakefront properties here are on man-made lakes that they usually dye blue (I call it smurf water-I am one of the lunatics that paid extra for it!) Gilbert has a water-ski community where homes range from $1000k+/- but it is small. Best to go the real lakes where you can have gas powered boats.
Lakefront is as rare a commodity as mountainside. Lots are very difficult to find. There are some lake communities in the planning stages as I type – but not yet available.
Existing homes in Scottsdale start at $1000k+ on the water - if you can find one on the market when you are looking.
The West Side has the least amount of lakes, but that will change over the next 5 years - they will soon have the largest number of new building permits issued.
The Southeast Valley is where many people resolve to live after researching the waterfront communities which is just one of the reasons. Schools, close proximity to the airport and job centers are the other reasons. Lakes are more plentiful and some resale homes have as little as $30,000 premiums due to them being built several years ago when land values were not so high.
Newer homes with waterfront now range from the low $300’s in Avondale and Arizona City to $1800k+ in Scottsdale. In the Southeast Valley the largest number of water front properties sell between $360,000 and $3000k.
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